Intents (Limit Orders)

Limit orders scoped to a Term Repo market, with flexible funding sources and route-based settlement.

Intents are limit orders that express what you want to do—borrow or lend—under explicit constraints. An intent is scoped to a specific market (Term Repo) and typically specifies the direction (borrow or lend), amount, and rate. If the market you want does not exist, you can deploy a new market via a factory deploy (see Deploy a new market). Intents are not guaranteed to execute: they must remain valid and fillable, with the necessary funds, approvals, and authorizations in place, and they execute only when a taker matches them within their specified constraints. Intents may be partially filled, so execution can occur for less than the full stated amount.

When an intent is matched, Terminal 1 can execute settlement and any dependent steps as a single route where supported.

For details, see:

• Makers

• Takers