Flex releases its docs
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Promote with Leviathan NewsWhat is Flex -Flex is a fixed-rate money market where borrowers choose their own interest rate. Who is Flex for -Borrowers who want to choose a fixed interest rate instead of accepting a protocol-defined rate. -Lenders who want to earn interest on their tokens while maintaining liquidity through redemptions. Who is Flex not for -Borrowers who are unwilling to have their position redeemed by someone else. -Lenders who are unwilling to pay fees to exit. Flex relies on market mechanisms to function. Risks -Borrowers may have their Troves redeemed -Collateral sold during redemptions or liquidations may execute at unfavorable prices -Lenders exiting during low liquidity periods may incur costs Prices are determined by the market and are not guaranteed.
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