# Key Metrics & Parameters

Understanding the key metrics and parameters of the Pike is essential for grasping how the protocol operates, including how interest rates are set, how risks are managed, and what constraints are in place to maintain stability and security.

Let’s explore the following sections for in-depth insights:

* **Risk Metrics:** Understand the risk management strategies, including collateral factors, liquidation thresholds, and how risk parameters influence borrowing and supplying activities.
* **Interest Rate & Utilization Metrics:** Learn how supply APY, borrow APY and net APY are calculated and how interest rates adapt based on market conditions.
* **Limits & Constraints:** Discover the protocol’s supply and borrow caps and how these constraints help maintain market health and security. These sections provide a comprehensive view of how Pike maintains a balanced and efficient decentralized finance ecosystem.
* **Scope of Access**: Explore the comprehensive role-based permission system that governs who can perform specific actions within Pike.


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