Indicative Term Sheet
Here is an example of how an indicative term sheet might look for an IPOR IRS if it were to be issued in TradFi:
Party A (Floating Rate Payer): Trader
Trader (Ethereum address: 0xF4C4820c3f9edDa4e78Ea5aceB67968d76E93F99)
Party B (Fixed Rate Payer): Liquidity Pool
IPOR USDC Liquidity Pool (Ethereum address: 0xC52569b5A349A7055E9192dBdd271F1Bd8133277)
Notional min/max
No min, max dependent on liquidity pool
Notional amount
e.g. USDC 100,000,000
Collateral
e.g. USDC 10,000
Maturity
28 days
Cancellable
Yes
Trade date
e.g. Jul 31, 2022 10:34 (1631529296)
Block number
e.g. 13217560
Transaction Hash
e.g. 0xaef2d127de37b942baad06145e54b0c619a1f22327b2ebbcfbec78f5564afe39
Maturity date
e.g. Aug 28, 2022 10:34 (1633948496)
Calculation agent
Automated Market Maker (AMM)
Fixed rate
Quoted by AMM, fixed at contract opening: e.g. 3.598% (IPOR USDC Index + Spread)
Fixed rate day count
n/28
Floating Rate
IPOR - Continuous - USDC (Oracle Ethereum address: 0x421C69EAa54646294Db30026aeE80D01988a6876)
Floating Rate Determination Date
e.g. Jul 31, 2022 10:34 (1631529296)
Floating Rate Payment Dates
At maturity, cancellation, or liquidation
Fee
100 bps of collateral
Leverage
10-1000X
Cap
0-200% collateral value
Liquidator
decentralized
Network
Ethereum Mainnet
Last updated