Lock in a fixed rate for any maturity

Set bespoke rates as a lender. Know your cost of capital in advance as a borrower.

How Size Works

The Size Credit order book is just like any other order book except... all offers span a period of time.

For example, here a user Market Borrows $400K by locking in a 6-month interest rate of 4.3%.

A similar Limit Borrow bid yield curve operates on the opposite side of the order book from which users can Market Lend.

The individual curves are aggregated into a single lending yield curve from which users can Market Borrow.

A third lender creates their own Limit Lend offer at slightly higher rates. They don’t want to lend for less than five days.

Another lender adds a $500K Limit Lend offer at their preferred rates. All Limit Lend offers on the order book earn the AAVE variable rate while waiting to get taken by borrowers.

A user is willing to lend $1.2M for one week at 3.7%, or one month at 4.2%, or one year at 4.6%, or any point along their bespoke yield curve.

This is known as a Limit Lend offer.

Yield curve

A yield curve order book aggregates bids  to borrow and offers to lend, expressed  as two-dimensional curves.

Borrowers

Borrowers are provided with the best fixed rates for any maturity they choose,
and can exit early through the bid yield curve without paying full term interest.

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Lenders

Lenders and Credit Dealers define their bids and offers, and may leverage or trade their credit to earn a multiple on the bid-ask spread.

ETH-USDC Yield Curve

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Yield curve

A yield curve order book aggregates bids  to borrow and offers to lend, expressed  as two-dimensional curves.

Borrowers

Borrowers are provided with the best fixed rates for any maturity they choose,
and can exit early through the bid yield curve without paying full term interest.