Custom Loans bring a fresh evolution to our existing OTC loans. In the past, only lenders could create offers for borrowers.
This update transforms the process, introducing a “gallery-style” experience where both borrowers and lenders can initiate and craft loan offers. The result is a more dynamic, interactive, and user-friendly platform for everyone.
Think of it as browsing unique works of art—each offer is a masterpiece waiting to connect with the right match, just like walking through a gallery!
Borrow Page
The Borrow Page is where borrowers can request and manage their custom loan requests. Here’s what you need to know:
Borrowers:
Request a Custom Loan:
Select your Ordinal collateral and specify your desired loan amount, term, and APY (Annual Percentage Yield).
Submit this request to the platform, where lenders can view it in the loan marketplace.
View Lender Offers:
Lenders can directly make loan offers for assets you own.
These offers will appear on your Borrow page, allowing you to review, accept, or counter the terms.
Negotiate Terms:
Borrowers and lenders can use these offers to negotiate by creating counter-offers until both parties agree on loan terms.
To enhance communication and streamline discussions, discussion channels are available on both Discord and Telegram.
Join Discord: https://discord.gg/GF9NgkFq
Join Telegram: https://t.me/Liquidium_Finance
Lend Page
The Lend Page serves as a hub for lenders to explore and act on custom loan opportunities. Here’s what’s in store for lenders:
Lenders:
Browse the Loan Marketplace:
View all active loan requests from borrowers, each specifying their desired terms (amount, term, and APY).
Use advanced filtering and sorting options to find loans that align with your preferences.
Make Offers on Specific Ordinals:
If you’re interested in a specific ordinal collateral owned by a borrower, you can make a direct loan offer.
These offers will appear on the Borrow Page for the respective borrower, who can then review, accept, or counter your terms.
Facilitate Negotiation:
Collaborate with borrowers through counter-offers to finalize terms that work for both parties.
To enhance communication and streamline discussions, discussion channels are available on both Discord and Telegram.
Join Discord: https://discord.gg/GF9NgkFq
Join Telegram: https://t.me/Liquidium_Finance
What Stays the Same
Loan Finalization and Management:
As always, once a borrower and lender agree on terms, they must countersign in the Portfolio Page to initiate the loan.
Loan activity is managed in the Portfolio Page, ensuring a seamless experience.
Transaction Fees:
Borrowers are responsible for covering the transaction fee required to start a loan which is deducted directly from the loan amount when the loan is initiated.
Custom Loans unlock endless possibilities for borrowers and lenders, creating a more dynamic and customizable borrowing and lending experience. With this feature, both parties can now create offers, making the process more collaborative. Plus, users can explore requests as if browsing a gallery—intuitive, engaging, and efficient.