# Modify NEP Parameters

The **Modify NEP Parameters** poll enables users to submit governance polls that adjust parameter values that affect the NEPRI Token for Lucra (NEP).

 `Epoch Period` is the the minimum time delay required between subsidization events, which handle reward claiming of lAsset collaterals, direct deposit rate subsidization, and readjusting the NEP emission rate based on the current deposit rate.

The NEP `Purchase Factor` determines the portion of lAsset rewards and collateral liquidation fees (bid fee) that is used to purchase NEP tokens.

`Reserve Factor` is the commission rate applied to deposit interest that is used to purchase NEP tokens.

`Staking Reward Factor` defines the portion of purchase NEP tokens that are distributed as staking rewards to stakers of NEP.

| Parameter Name          | Description                                                                                                                |
| ----------------------- | -------------------------------------------------------------------------------------------------------------------------- |
| `Epoch Period`          | Minimum time between operations for lAsset reward collection, deposit rate subsidization, and NEP emission rate adjustment |
| `NEP Purchase Factor`   | Portion of lAsset rewards and collateral liquidation fees (bid fee) used to purchase NEP                                   |
| `Reserve Factor`        | Rate of deposit interest commission used to purchase NEP                                                                   |
| `Staking Reward Factor` | Portion of purchased NEP distributed as staking rewards to NEP stakers                                                     |

## Genesis Values <a href="#genesis-values" id="genesis-values"></a>

| Parameter Name          | Value   |
| ----------------------- | ------- |
| `Epoch Period`          | 2 hours |
| `NEP Purchase Factor`   | 15%     |
| `Reserve Factor`        | 0%      |
| `Staking Reward Factor` | 100%    |

## Poll Format <a href="#poll-format" id="poll-format"></a>

| Field                 | Description                                                                                                                         | Optionality |
| --------------------- | ----------------------------------------------------------------------------------------------------------------------------------- | ----------- |
| Title                 | Poll title                                                                                                                          | Required    |
| Proposal Rationale    | Short description of poll rationale                                                                                                 | Required    |
| Information Link      | External URL for further information                                                                                                | Optional    |
| Epoch Period          | Proposed minimum time between operations for lAsset reward collection, deposit rate subsidization, and NEP emission rate adjustment | Optional    |
| NEP Purchase Factor   | Proposed portion of lAsset rewards and collateral liquidation fees (bid fee) used to purchase NEP                                   | Optional    |
| Reserve Factor        | Proposed commission on deposit interest used to purchase NEP                                                                        | Optional    |
| Staking Reward Factor | Proposed portion of purchased NEP distributed as staking rewards to NEP stakers                                                     | Optional    |

[<br>](https://docs.anchorprotocol.com/protocol/anchor-governance/modify-liquidation-parameters)