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Custom Loans

Discover Liquidium's Custom Loans: Tailored terms for borrowers & lenders with a streamlined loan marketplace. Flexible, simple, powerful!

Peter avatar
Written by Peter
Updated this week

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:

  1. 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.

  2. 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.

  3. 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.


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:

  1. 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.

  2. 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.

  3. 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.


What Stays the Same

  1. 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.

  2. 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.

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