Borrowers
Borrower overview and benefits
Using Blitz Match, borrowers are able to quickly browse and filter loan options and select the one that optimally fits their needs. After executing the Zero-Liquidation Loan, you have the right, but not the obligation, to repay the loan prior to expiry - if you choose not to, you will default on the loan and lose the right to reclaim your collateral.
With Blitz Match, borrowers can:
Take out loans with no liquidation risk, counterparty risk, interest rate risk, and oracle risk
Access the widest selection of loans possible in DeFi
Access leverage with one click using our 1-click looping mechanism
Request a bespoke quote from lenders
Access advanced collateral management
Let's break down the user flow for borrowers when utilizing Blitz Match - to start:
Select your Token Pair - Choose which collateral token you'd like to use for obtaining a loan, as well as which loan token to borrow. MYSO supports a wide range of collateral, including rebasing collateral (i.e. aTokens), voting collateral (governance tokens), reward-bearing collateral denominated in other tokens (i.e. GLP, Curve LP tokens), and tokens with transfer fees (i.e. PAXG).
Choose Pledge Amount - Specify the amount of collateral you'd like to pledge.
Browse Loan Offers - Explore all available loan options and select the one that suits you best. You can filter each loan quote based on the LTV, APR, upfront fee, etc.
Confirm and Execute - Once you have found a suitable loan option, send the corresponding pledge amount and initiate the loan.
Repay or Default - Repay your loan at any point before the loan's expiration to retrieve your collateral. If you fail to repay before the loan's expiration, the loan will automatically be considered defaulted and you will lose the ability to reclaim your collateral.
To learn more about browsing and filtering through loan pairs, selecting a loan quote, taking out a Zero-Liquidation Loan, and managing open loans, watch this video guide we've put together:
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