Terminology
Market - an on-chain fund or syndicated loan in which specific parameters can be set (currency, fees, etc) and where deals go live (e.g. the FinTech Market)
Asset Manager - the entity that governs a market and its stakeholders (investors + borrowers)
Liquidity Provider - accredited investors that provide capital into the liquidity pool
Underwriter - accredited investors that evaluate and invest in tranches of specific deals
Borrower - FinTech's, Non-bank loan originators, or other corporates who get credit facilities via one of the Markets
Deal - single credit facility with specific tranches & repayment schedules configurations
Liquidity pool - a pool of capital that automatically invests in the senior tranche of all deals within a market
Tranche Token - A token representing the underwriter's stake in the junior/mezzanine tranche of a specific deal
LP Token - token provided to liquidity providers reflecting the net asset value of the liquidity pool of a specific market
Last modified 3mo ago