Repayment Type | or |
Principal | Amount of principal being lent to the borrower |
Principal Asset | Currency of principal |
Collateral | Minimum amounts and mints of the collateral |
APY | Annualized cost of funds over the loan term, expressed as a percentage. |
Duration | Length of time of the loan contract |
Principal Oracle | Optional pricing oracle to calculate principal value |
Collateral Oracle | Optional pricing oracle to calculate collateral value |
Orders
- Lend Order: Defines how much capital a lender is offering, the requested rate, term, and accepted collateral.
- Borrow Order: Defines how much the borrower wants to borrow, what they’ll post as collateral, and for how long
Primary Parameters
Primary Parameters
Advanced Parameters
Advanced Parameters
Repayment Frequency | Frequency of interest payments in Simple-Interest loan |
Default Type | and/or |
Auto-Liquidation | Enable third-party liquidators to repay lender in exchange for collateral in a default |
Minimum ratio of collateral to debt that must be maintained by the borrower | |
Number of outstanding interest payments allowed prior to a payment-based default | |
Early Payment Penalty | A percentage of the original interest charged on early repaid principal |
Late Payment Penalty | A percentage of a late repayment is charged on late payments |
Grace Period | Amount of time after a missed payment at which it is considered late |
Oracle-Agnostic Pricing: Borrowers can set up loans that price their
collateral or principal using custom or arbitrary oracles, enabling pricing
for assets that may be illiquid or lack third-party oracle support. Loans may
also be oracle-less, with borrowers proposing terms that solely default based
on missed payments or loan expiry.