Some terms used throughout the documentation may be unfamiliar to our readers. Below, we list some common terms to help with understanding.
Third-party yield provider where not actively loaned out funds are deposited.
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.
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.
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.
Amount repaid by the borrower at maturity, also referred to as “par value.”
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.
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.
Lender on the Atlendis platform who deposits funds into the borrower's pools, also referred as LPs or lenders.
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
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.
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.
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.
Process to determine the borrowing rate.
Represents the amount of deposit placed on Aave and earning additional liquidity rewards from the Atlendis platform.
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.