Markets

At Untitled Bank, anyone can create a Market by leveraging the platform's modular components. Each Market matches lenders, borrowers, and Bank Operators in a permissionless and overcollateralized manner. Markets are fully customizable with components like Interest Rate Models (IRM), Oracles, and asset selection, ensuring flexibility and optimization for various financial strategies.

• Permissionless Market Creation: Design efficient Markets with tools like IRMs, Oracles, and various loan and collateral assets.

• Risk Isolation: Each Market operates independently, with unique Loan-to-Value (LTV) ratios for specific loan and collateral assets, ensuring that risk is siloed within the individual Market.

• Optimized Liquidity: Modular structure ensures enhanced liquidity utilization, maximizing returns for participants.

Once a Market is live, Bank Operators can allocate a portion of their vault's assets as loan assets for the Market, tailoring their exposure to meet specific lending needs.

Untitled Bank introduces a Layered Market Structure to solve liquidity fragmentation in modular lending, where multiple markets with identical asset pairs create inefficiencies. Our Core Market feature aggregates markets with the same collateral-loan asset pairs and, governed by DAO whitelisting, optimally distributes borrow orders across approved markets, providing users with a unified liquidity experience that combines the benefits of both modular and monolithic lending.

Users Can

• Create efficient Markets with provided tools like IRMs, Oracles, and assets.

• Borrow assets from a Market, considering its unique risk profile and interest rate model.

• Bundle transactions for gas-efficient and hassle-free engagement.

• Access aggregated liquidity across whitelisted Markets through the Core Market.

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Glossary

• Market: A lending marketplace built on the platform using modular components such as IRMs and Oracles.

• Bank Operator: A manager who allocates loan assets from their vault to a Market.

Untitled Bank’s modular Markets empower users to operate with flexibility while ensuring security through risk isolation, creating a scalable and inclusive DeFi ecosystem.