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:

Item	Description
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