is the first fixed-rate primitive to solve fractured liquidity with its unique yield curve order book model and enable users to structure loan terms around any tenor.
According to the team, fixed-rate lending is the world’s largest financial market but until now has struggled to translate over to DeFi. For the first time, DeFi users can define their own rates and durations while having the option to earn an Aave variable rate on unmatched offers. This not only means sophisticated degens can de-risk from market volatility, it also finally delivers flexibility and scale institutional players have been waiting for from DeFi.
The protocol launch will take place at 8/7/2024 at 10am ET on Base, an Ethereum L2 operated by Coinbase. This launch has been built on a security-first approach with three independent audits from Spearbit, Solidified, and a $200,000 Code4rena competition.Size Credit marks a shift in DeFi fixed-rate lending towards scalability for institutions.For the first, users are able to define their own yield curves to trade against.