Lend to one bag.
Fund an open listing yourself, whole. You pay the ask now. By the date the borrower pays you the cap, or you take the bag. Nothing reads a price in between, for either of you.
Every listing the vault does not take stays open for 24 hours, and any wallet can fund it whole.
What you can lose
- If the borrower walks away you are paid in the bag, at whatever it is worth on the date. That can be less than you lent. Memes can go to zero.
- Your USDC is locked for the whole term. There is no early exit.
- After the date, claim the bag yourself from your Portfolio. A repayment waits there for you to collect.
- A fault in the program can lose funds. It has not been audited.