Bespoke Loans FAQ

Frequently-Asked Questions about Bespoke P2P Loans on MYSO

How do I become a lender on Blitz Match?

• Becoming a lender on Blitz Match is permissionless, meaning anyone can become a lender and send out loan quotes of their choosing. Simply create your own vault, fund the vault, and you're free to create as many loan quotes as you please!

Is there anything I need to do as a borrower before expiry of an initiated loan?

• After taking out a loan, all you need to do is pay it back before the expiration date to recover your collateral. No need to worry about health factors or liquidation thresholds. If you're unable or don't want to repay the loan, it will become defaulted and you will lose your right to reclaim your collateral

With 1-click looping, is there extra risk to a lender and are their funds rehypothecated?

• No - when a borrower levers up with the 1-click looping mechanism, this poses zero additional risk to lenders and actually promotes greater capital utilization from provisioned liquidity as collateral is simply being looped and re-pledged atomically

Is there a limit to the amount of loan quotes I can send out as a lender?

• With MYSO there is no limit to the amount of quotes a lender can send out - this means that you can essentially test an innumerable amount of different loan parameterizations and be able to give borrowers the best possible variety of loan quotes for any risk appetite