CREATE
Lock collateral, name your price
You choose the amount, what a lender pays you now, what you pay to get it back, and by when. If you come back in time you keep the collateral. If you do not, the lender keeps it and nobody chases you for anything.
Connect a wallet to lock collateral.
WHAT YOU ARE SIGNING UP TO
- The collateral moves into the vault when you create the deal, before anyone has funded anything. You can cancel and take it straight back until someone does.
- The clock starts at funding, not at creation. A deal can sit open indefinitely.
- Until the deadline you can buy the collateral back at the buyback price. From the second after it the lender can take the collateral, and you keep what they paid you. There is no recourse and no further obligation in either direction.
- The vault records what it actually receives. A mint that charges a fee on transfer will have less arrive than you sent, and the deal is written against what arrived.