Credit Order Book

Fixed-Maturity Credit Markets

Rheo relies on a symmetrical order book, with offers to lend (or bids to buy credit) on one side, and bids to borrow (or offers to sell credit) on the other.

The protocol supports a whitelist of standardized maturities. Orders quote rates directly at those maturities, and matching occurs only within the selected maturity.

This removes interpolation from order matching and makes each maturity its own visible market. The result is clearer execution, cleaner price discovery, and a stronger foundation for advanced credit trading and order book visualization.

From this structure, users can read order book depth maturity by maturity and trade credit with far more precision than generic lending interfaces allow.