order

An order is a either a lender's Offer or a borrower's Request to take one side of a loan within a set of parameters.

Assets backing an order are held at port. An Order can be created at no cost by signing a standardized message containing the order details.

The Bookkeeper will then verify the signature and create a mutually valid position.

Order Parameters

• Order type (Request or Offer)

• Accepted loan assets

• Accepted collateral assets

• Allowed Fillers

• Max loan duration

• Minimum collateralization Ratio

• Plugins

  • Appraiser (one per accepted loan asset & collateral asset)

  • Customs

  • Closer

  • Leverage

• Borrower config (if Request)

  • Initial collateralization ratio

  • Leverage plugin parameters