# Market Parameters

Assigned to each market in Pingu's contracts.

| Parameter               | Type      | Description                                                                                 |
| ----------------------- | --------- | ------------------------------------------------------------------------------------------- |
| name                    | `string`  | Market's full name.                                                                         |
| category                | `string`  | `crypto`, `fx`, `commodities`, or `indices`.                                                |
| maxLeverage             | `uint256` | The maximum leverage allowed on this market.                                                |
| maxDeviation            | `uint256` | Maximum distance the DON price must be from the the Chainlink price. In basis points (bps). |
| fee                     | `uint256` | In bps.                                                                                     |
| liqThreshold            | `uint256` | A position that reaches this amount of loss on its margin can be liquidated. In bps.        |
| allowChainlinkExecution | `boolean` | Allow anyone to execute pending orders using Chainlink after a cooldown period has passed.  |
| isClosed                | `boolean` | Whether the market is closed (e.g. weekends).                                               |
| isReduceOnly            | `boolean` | Whether the market accepts only reduce-only orders.                                         |