Lenders
Lender overview and benefits
Using Blitz Match, lenders can create fully-customized loan offers for any ERC-20 token. MYSO uses RedStone Oracles as the primary solution for crypto assets pricing. RedStone is a Modular Oracle that delivers frequently updated, reliable, and diverse data feeds in a few models. For tokens where no oracle information exist users can also quote LTVs in absolute terms. Lenders have the ability to “mass produce” these loan offers at scale and even zero cost (with gasless transactions).
Each bespoke MYSO lender vault allows for numerous concurrent loan offers to be sent out by a lender from a “unified” vault across assets, pairs, and quotes (tenors, fee structures, LTV et. al), allowing for maximum capital efficiency.
We envision individual lenders sending out tens, if not hundreds, of different loan quotes with individually-customized parameters so that borrowers will be able to be matched with any loan configuration of their liking.
With Blitz Match, lenders can:
Create highly-customizable loan offers in seconds
Quote thousands of loan offers concurrently
Quote in a highly-capital efficient and low-cost manner using off-chain gasless transactions
Tap into high-yield alpha opportunities and offer niche loans not possible on other platforms
Let's break down the user flow for lenders when utilizing Blitz Match - to start:
Create a Vault - To lend, you must first create your own non-custodial vault, to which only you have access.
Fund the Vault - Fund the vault with your intended loan currency(s). This can be done by making a simple ERC20 transfer. It's important to note that you can withdraw funds at any time.
Create a Quote - Start publishing loan offers. Specify the collateral you’re willing to accept, the token you'd like to lend against, the loan-to-value (LTV), the tenor, and the fixed rate.
Get Matched with a Borrower - If a borrower is interested in the loan offer and decides to execute it, you will be matched with a borrower on a peer-to-peer basis.
Wait for Loan Settlement - The loan will be settled in one of two ways. Either the borrower repays the loan, in which case the repaid amount flows directly back into the your vault, or the borrower defaults. In the event of a default, you must unlock the collateral.
We've put together a quick video walkthrough to guide you on the basics of creating a lender vault, depositing assets, and creating/editing quotes:
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