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Core concepts
Some terms used throughout the documentation may be unfamiliar to our readers. Below, we list some common terms to help with understanding.
Aave | Third-party yield provider where not actively loaned out funds are deposited. |
Bond Holders | Liquidity providers who are currently holding a quantity q of bonds and entitled to receive q * Face Value at maturity, also called matched liquidity providers. |
Bond Issuance Time | Date at which the borrower borrows from their pool. |
Bond Maturity | The maturity date is the date on which the bond will mature and the bond issuer will pay the bondholder the face value of the bond. |
Compounded Interest | Compound interest (or compounding interest) is the interest on a deposit calculated based on both the initial principal and the accumulated interest from previous periods. |
Face Value | Amount repaid by the borrower at maturity, also referred to as “par value.” |
Liquidity Fee | Also called liquidity reward, potential additional reward paid by the borrowers and earned by the liquidity providers to reward them for providing borrowable liquidity. It’s a way for borrower to incentivize liquidity in their pool. |
Liquidity Pool | Each borrower has access to a dedicated pool that they can withdraw from. The liquidity providers willing to lend on the Atlendis platform deposit into these pools. |
Liquidity Provider | Lender on the Atlendis platform who deposits funds into the borrower's pools, also referred as LPs or lenders. |
Liquidity Rate | Fixed percentage applied on the difference between the maximum borrowable amount and the current borrowed amount that enables to compute the amount of payable liquidity rewards |
Liquidity Reward | Also called liquidity fee, potential additional reward paid by the borrowers and earned by the liquidity providers to reward them for providing borrowable liquidity. It’s a way for borrower to incentivize liquidity in their pool |
Matched Liquidity Providers | Liquidity providers who are currently bond holders, also called bond holders. |
Pending Deposit | Represents the amount of deposit placed on Aave but not earning additional liquidity rewards from the Atlendis platform as hasn't yet been exposed to any potential borrowing. |
Position | Result of a deposit action initiated by a lender, representing the liquidity provided to the order book. It can consist of deposited capital on the underlying yield provider and/or bonds issued during a borrowing period. |
Rate Discovery | Process to determine the borrowing rate. |
Remaining Deposit | Represents the amount of deposit placed on Aave and earning additional liquidity rewards from the Atlendis platform. |
Tick | A sub-pool of funds within the borrower's pool that corresponds to a specific lending rate. |
Revolving Line of Credit | On the Atlendis platform, borrowers are able to borrow as many times as they want from their pool up to the pre-set limit. They must however repay the totality of their debt before being able to borrow again. |
Last modified 1yr ago