🥇Fixed-Rate Borrowing/Lending (prev Primary Markets)
Batch auctions to match bid/ask for fixed-rate borrowing and lending
What are Fixed-Rate Borrowing/Lending
The Fixed-Rate Borrowing/Lending are the core markets on Term Structure. Previously known as the Primary Markets, it comprises several marketplaces with different base tokens, collateral tokens, and certain maturity dates as standardized loan contracts for borrowers and lenders to match. Borrowers and lenders match their desired amount and interest rates through a batch auction mechanism. It is efficient, fair, and permissionless.
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