Discover and enjoy the comprehensive array of advantages and benefits that MYSO's Whale Match has to offer.
Navigate past the traditional hurdles with Whale Match - forget liquidation, interest rate, oracle, and counterparty risks. Borrow with utmost confidence.
Capitalize on any token as collateral. Tap into the latent borrowing power of idle tokens, even those in DAO treasuries. An efficient strategy to maximize your asset's value.
Craft your loan structure and repayment timeline to your precise requirements. Flexibility at its finest.
By offering lenders an upside through convertible debt, minimize your borrowing costs. Experience economical borrowing like never.
Whale Match offers an exciting opportunity to achieve higher returns from loan conversions. Profitability reimagined.
Gain access to an unparalleled range of loan deals where any token can be used as collateral. Build up a diversified lending portfolio of unmatched potential.
Leverage your network and facilitate successful matches between borrowers and lenders with Whale Match. Every successful deal adds lucrative fees to your account.
Play a critical role in the funding journey of DAOs. Help them discover the best debt funding options and actively contribute to financial innovation in the crypto space.
Create your loan proposal either independently or with a 3rd-party arranger, setting loan terms and target amounts based on your requirements.
With your proposal listed, engage potential lenders to assess their interest. Adjust your loan terms based on market feedback until you've locked in the right deal.
Once the loan terms are set, lenders get a final grace period to commit. With enough subscriptions, you move on to the next step or otherwise, you may choose to cancel.
Transfer your collateral after getting enough lender interest to finally secure your loan.
Make sure to settle the loan repayment on each due date to avoid default and to reclaim your collateral.
Create a loan proposal specifying the borrower's address and your arranger fee. Adjust the loan terms based on feedback from potential lenders and borrowers.
Once you've achieved a satisfactory level of interest and the terms are appropriately adjusted, lock in the loan terms. At this point, the terms are immutable and your focus shifts to spreading the word.
During the final grace period, actively engage with lenders and the borrower to ensure enough lender subscriptions and timely loan execution.
If enough lender interest is met, the borrower transfers the collateral, the loan amount is released, and you earn your arranger fee.
Deposit funds into the relevant funding pool. Each token has a unique pool so deposit into the correct one.
Browse through all loan proposals that match your investment strategy.
Express interest by subscribing to a loan proposal. Remember, you can unsubscribe before the loan terms are locked in.
After the loan terms are locked, decide your final stance during the grace period. This is your last chance to decide on your participation.
If sufficient lenders subscribe and the borrower transfers the collateral, your subscribed loan amount will be deducted and the loan begins.
On due dates, choose to receive repayment in the form of the collateral token or your supplied token.
The loan concludes after all repayments have been made.
In case of a default, the collateral is distributed amongst all lenders on a pro-rata basis according to each one's contribution.
Anyone can become an arranger and set up loan deals and earn commission - this includes users that want to become lenders or even the borrowers themselves. Simply navigate to Whale Match on the MYSO dApp and create a loan proposal with your desired loan terms and set a commission fee for a potential payout if the loan proposal goes through!
Borrowers for loan proposal will typically be DAOs/protocols looking for securing stablecoins for runway and product development funding. These parties can issue convertible bonds to make repayments available in the collateral native token.
Each loan on Whale Match can be structured with a conversion feature (similar to that of convertible bonds in TradFi). This allows borrowers to serve repayments in their pledged collateral (typically a given protocol's native token) rather than in stablecoins, thereby reducing overall stablecoin borrowing costs. This can also attract willing lenders who want to have equity-like upside participation in the collateral token.
Once loan terms are locked in and go into final call, lenders can choose whether to subscribe or unsubscribe from the proposal. If the target loan amount is not met in the end, funds are re-distributed back to the deposited lenders and the proposal does not go through.
The defaulted collateral is distributed to each lender on a pro-rata basis. It is up to the borrower whether they want to repay the loan or not, so it is important to make sure that each loan proposal has favorable parameters for all parties prior to finalization.
Don't miss the opportunity to be a vital part of our decentralized protocol's growth and make an impact in shaping MYSO.