An orderbook of yield

How the website works

The way the platform works is the following:

1. Market makers make offers on the marketplace, either borrow offer or lend offer. They choose their parameters (APR, loan duration, etc...) and make an offer on the market, they then need to wait for someone to take their offer.

2. Market takers select their loan duration and asset they want to lend, the website search all existing offers to select the one with the highest APR, which get displayed to this user. This user can then accept this offer or not, and if it does, a loan takes place.

Users can therefore be either market takers, they just load the website, select their wanted duration, and make a loan instantly. Or users can be market makers, in which case they need to spin up offers competitive against existing ones and then wait for market takers to take it.

Market takes doesn't have to constantly monitor the website, they just take offers and that's it a loan take place. Market makers on the opposite need to constantly adjust their offers, check if/when their offers have been used, and act accordingly.

Usually regular users will be market takers, and "professionals" will be market makers. Us, FixedLend, we're just an orderbook.