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+# FlowALP v1 — Supported Features
+
+> **Status:** Draft — items marked ⚠️ require confirmation before finalization.
+
+---
+
+## 1. Supported Collateral (Input Tokens)
+
+| Token | Type | Collateral Factor | Borrow Factor |
+|-------|------|:-----------------:|:-------------:|
+| FLOW  | Native Flow token | 0.80 | 0.90 |
+| WETH  | EVM-bridged | 0.75 | 0.85 |
+| WBTC  | EVM-bridged | 0.70 | 0.80 |
+| MOET  | Protocol token | ⚠️ ??? | ⚠️ ??? |
+
+> ⚠️ **USDF** appears in fork test configurations alongside FLOW/WETH/WBTC — confirm whether it is in v1 scope.
+
+### Mainnet Token Identifiers
+
+| Token | Vault Type Identifier |
+|-------|----------------------|
+| FLOW  | `A.1654653399040a61.FlowToken.Vault` |
+| WETH  | `A.1e4aa0b87d10b141.EVMVMBridgedToken_2f6f07cdcf3588944bf4c42ac74ff24bf56e7590.Vault` |
+| WBTC  | `A.1e4aa0b87d10b141.EVMVMBridgedToken_717dae2baf7656be9a9b01dee31d571a9d4c9579.Vault` |
+| MOET  | `A.6b00ff876c299c61.MOET.Vault` |
+
+---
+
+## 2. Output / Debt Token
+
+**MOET only.** All borrowing is exclusively denominated in MOET. There is no other borrow-able asset in v1.
+
+---
+
+## 3. Position Limits
+
+| Parameter | Value | Notes |
+|-----------|-------|-------|
+| Minimum position value | ⚠️ ??? | Set via governance (`setMinimumTokenBalancePerPosition`) |
+| Maximum deposit per token | 1,000,000 (default) | Governance-configurable cap per token |
+| Deposit limit fraction | 5% of capacity per deposit | Default; configurable per token |
+
+---
+
+## 4. Health Factors
+
+| Parameter | Value |
+|-----------|-------|
+| Minimum health (liquidation threshold) | 1.10 |
+| Target health (post-rebalance) | 1.30 |
+| Maximum health ceiling | 1.50 |
+| Liquidation target health factor | 1.05 |
+
+---
+
+## 5. Rebalancing
+
+| Parameter | Value |
+|-----------|-------|
+| Rebalancing frequency | 10 minutes (600 seconds) |
+| Rebalance trigger | Position health < target health (1.30) |
+| Warmup period after unpause | 300 seconds before liquidations re-enable |
+| Positions processed per async callback | 100 |
+
+The rebalancing interval is configurable per position via `RecurringConfigImplv1`. The 10-minute interval is the intended default for `FlowALPRebalancerPaidv1`.
+
+---
+
+## 6. Risk & Liquidation
+
+- Positions with health factor **< 1.10** are eligible for liquidation.
+- Maximum allowed DEX-to-oracle price deviation: **300 bps (3%)**.
+- Liquidation brings the position back to health factor **1.05**.
+
+---
+
+## 7. Protocol Fees
+
+| Parameter | Value | Notes |
+|-----------|-------|-------|
+| Insurance rate | ⚠️ ??? | Governance-configurable per token |
+| Stability fee rate | ⚠️ ??? | Governance-configurable per token |
+| Combined constraint | `insuranceRate + stabilityFeeRate < 100%` | Enforced by contract |
+
+---
+
+## 8. Interest Rate Model
+
+Two curves are supported in v1:
+
+- **`FixedCurve`** — a flat yearly rate (e.g., 0% default for MOET).
+- **`KinkCurve`** — variable rate with an optimal-utilization kink point.
+
+Interest rate parameters are set per token by governance.
+
+---
+
+## Open Items
+
+| # | Item | Owner |
+|---|------|-------|
+| 1 | MOET collateral factor & borrow factor for v1 | |
+| 2 | Confirm USDF inclusion in v1 scope | |
+| 3 | Minimum position value floor (e.g. $10 or $100 USD equivalent) | |
+| 4 | Confirm 1,000,000 deposit cap is the intended v1 limit | |
+| 5 | Insurance rate and stability fee rate values for each collateral | |