# Key parameters

Torch introduces several innovations that enhance system efficiency, price discovery, and user engagement:

* [Lead time quality](https://torch-1.gitbook.io/litepaper/system-mechanics/lead-time-quality)
* [Local confidence](https://torch-1.gitbook.io/litepaper/system-mechanics/local-confidence)
* [Boldness quality](https://torch-1.gitbook.io/litepaper/system-mechanics/boldness-quality)
* [Sharpness quality](https://torch-1.gitbook.io/litepaper/system-mechanics/sharpness-quality)
* [Bonus share](https://torch-1.gitbook.io/litepaper/system-mechanics/bonus-share)
* [Payout pool](https://torch-1.gitbook.io/litepaper/system-mechanics/bonus-pool)