OTC Lending Pool

The OTC (Over-the-Counter) Lending Pool allows users to create custom borrowing and lending deals directly with others users, offering an alternative to the standard pool mechanics. Here’s how it works:

1. Creating and Filling a Custom Offer:

   • Alice has a specific amount of a token, like PEPE, and she wants to borrow USDC against it.

   • She sets her own terms for the loan, including the amount she wants to borrow, the interest rate (APR), and the duration of the loan.

   • Alice deposits her PEPE into a specific pool with these custom instructions, creating an offer for lenders to consider.

   • Bob sees Alice’s custom offer and decides it looks like a good deal. He deposits USDC into the pool to fulfill part or all of Alice's borrowing request.

   • Bob’s funds are then locked for the duration specified in Alice's offer, and he earns interest at the agreed APR.

2. Fees and Conditions:

   • Alice pays a fee to the platform for creating this personalized OTC deal, ensuring that the feature is used appropriately.

   • The APR Bob agrees to is fixed, and his funds remain locked for the specified period. He can’t withdraw earlier.

3. Flexibility:

   • This system offers more flexibility than the standard lending pools, allowing borrowers and lenders to negotiate terms directly, resulting in potentially better deals tailored to individual needs.

Overall, the OTC Lending Pool provides a more personalized and flexible borrowing experience, enabling users to set their own terms and find lenders who agree with those conditions. This is ideal for those seeking specific loan agreements outside the standard offerings.