For the complete documentation index, see llms.txt. This page is also available as Markdown.

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

Last updated

Was this helpful?