RCL Lending Pools
The Atlendis protocol offers revolving credit lines (RCLs) for entities that need short-term liquidity. Unlike traditional RCLs, Atlendis' RCLs work more like successive bullet loans.
Here's how it works: a borrower has access to a certain amount of funds they can borrow at any time, up to a preset maximum amount. When the borrower uses their credit line, they start a new borrow cycle with a set end date called the maturity date. The borrower must repay the borrowed amount plus interest by the maturity date.
If the borrower doesn't use up their full credit line and the loan hasn't matured yet, they can still borrow more from their liquidity pool. However, this doesn't change the maturity date. Once the borrower repays the borrowed amount plus interest at maturity, they can start a new borrow cycle.
The pools on the Atlendis protocol can be adapted and deployed to fit the use case of the borrower, with a wide range of parameters and additional functionalities.
The Atlendis protocol offers one lending pool per borrower, and each pool is designed for a specific type of asset (for example USDC). Each pool has its own set of rules that are tailored to the needs of the borrower who is using that pool.
Some of the rules for each pool include the maximum amount that the borrower can borrow, the range of interest rates that lenders can choose from, the loan maturity, the duration of the repayment period, and the duration of the "roll over" period if existing. More information can be found in the Borrower and Lender sections of the user manual.
All of these rules are designed to encourage users to participate in the pool, and they can influence how lenders behave when deciding whether or not to deposit funds into the pool. It's also important to note that there's no limit to the size of a pool, so it can grow as more users decide to participate.