Bids & Offers

Orders may be submitted on either side of Rheo's credit order book, as offers to lend (buy credit) or bids to borrow (sell credit).

Orders are quoted on supported fixed maturities from the protocol whitelist. Each maturity is priced directly, with no interpolation between maturities.

For example, a lender could post the following resting offers:

Maturity	APR
30 days	4.25%
90 days	5.00%
180 days	6.00%

If a borrower wants to borrow for 90 days and matches with this lender today, they pay 5.00%. If a 120 day maturity is not whitelisted or the lender has not quoted it, that loan will not match against these orders.

If the same lender still has the 90 day order resting later, another borrower taking that same maturity would borrow at the same quoted rate unless the lender updates or cancels the order.