Lender First Pool
Last updated
Last updated
In this pool variant, lenders create pools with custom terms and seed it with lend funds. After the pool has been deployed, any number of borrowers can borrow from the pool until the funds have been depleted. The borrowers have until the to repay. If they do not, they default their collateral but keep their loan. Partial repays are also supported. Once the pool has expired, lenders can collect all remaining tokens in the pool including the interest they have received.
As a borrower, it is recommended to default your collateral to the lender if the pool's LTV is > 100% as that would indicate the value of your loan has surpassed the value of your deposited collateral.
Deposit Funds
Withdraw Funds
Collect Tokens
Whitelist Rollover pool
Update Borrower
Within private lending pools, lenders can whitelist or blacklist any address to be eligible to borrower from the private lending pool.
Change pool ownership (not recommended)
Change Fee Rate
Lenders possess the flexibility to adjust their pool's interest rate at any given moment. It's important to note that this alteration will not impact the rate for borrowers who have already taken out loans.
Pause Borrowing
Halts future borrowing operations.
Borrow Funds (take out loan)
Users can deposit collateral tokens in exchange for lend tokens, a process they can repeat as often as desired, provided they have adequate collateral.
Repay Loan
Borrowers have the option to make partial or full repayments, with the corresponding amount of collateral being returned to them on repayment transaction. They can utilize this repayment option multiple times until their entire debt is fully settled.
Default on Loan
Rollover
As a pool creator (lender), you will be able to set the below terms when deploying your lending pool.
Collateral
Token that lender wishes to accept as collateral
Lend Token
Token that lender wishes to lend
Lend Ratio (LR)
Describes the relationship between lend token units and deposited collateral units. For instance, an LR of 100 signifies that 100 lend tokens are loaned per unit of deposited collateral
Initial Deposit Amount
Amount of lend tokens you would like to deposit in single pool creation transaction
Due Date
Oracle Protection
When enabled, automatically disables the pool from being borrowed from if the value of the loan would be greater than the value of the collateral. This is to protect lenders from undercollateralized borrowing.
Term Rate Type
Two rate types:
Fixed APR - Annualized at the chosen APR.
Fixed Rate - Constant borrower payment regardless of proximity to due date.
APR
The interest rate applied to the chosen "Term Rate Type"
Borrowers
This acts as a whitelist for private lending. Leave empty to keep pool public. If public, the pool cannot be made private later. The decision to make your pool public or private must happen in the pool creation phase.
Protocol Fee
0.3% of borrowed funds are allocated to the protocol treasury upon loan initiation
Lender Fee
This represents the interest paid to lender's at the inception of the loan. This amount comes out of the borrowed funds and stays in the pool.
*Both fees are applied when rolling debt over between pools
*Borrower fees are subject to change if deemed necessary
The lender incurs no fees.
A rollover pool is the same as any other pool that is created. The only difference is the rollover pool has a further out expiry and the lender must whitelist it. Additionally, a rollover pool must be deployed from the same address you deployed the original pool with.
To add your new pool to the rollover list, go to the "My Pools" tab, select the desired pool, then click on the "Set Rollover" tab under Deployed Pool Options. You'll see a list of eligible rollover pools.
Once enabled, borrowers from your origin pool can rollover their debt from the origin pool to the destination pool.
Adds lend funds to the pool to be borrowed out. The lender can deposit funds as many times as they wish until the
Withdraws lend funds from pool. Lender can withdraw as many times as they with until the or until there are no more funds to withdraw.
After the has passed, lenders can retrieve all remaining tokens from the lending pool, encompassing lent funds, defaulted collateral, and accrued interest.
Lenders can whitelist a new lending pool to allow borrowers to rollover their debt into the new pool with further expiry. See for more information.
You can transfer pool ownership to another address, though this feature isn't integrated into the UI. Feel free to contact us on for assistance.
If the borrower does not want to repay, they simply don't. A case where this would happen is when the value of their loan surpasses the value of their deposited collateral at the In other words, if the pools LTV is > 100%.
When a lender offers a pool, borrowers have the opportunity to transfer their debt from the original pool to the designated destination pool - the idea being to extend their duration.
Loan repayment or deadline.
Certain strategies are applicable to specific tokens or pool types. Any usable strategy will be displayed here. See for more information.
1) Lender creates WETH<>USDC pool with of May 1st (pool A)
Oracle Protection, as indicated in the section, allows lenders to activate or deactivate undercollateralized lending. If the tokens within your pool are linked to an oracle, our Vendor lending pools possess the capability to automatically halt borrowing if the value of the lend tokens exceeds the collateral amount that a borrower wants to deposit. This serves as a safeguard for situations where the prices of the pool tokens experience price fluctuations, and protect lenders from losing money.