Glossary of Key Terms

Participants

  • Pool Admins: Fintech industry experts who are responsible for managing buyer pools on behalf of the protocol

  • Buyers: Companies that approve their receivables and extend financing to their corresponding supplier with the pool

  • Suppliers: Companies that can get paid early for every buyer-approved receivable

  • Liquidity Providers (LPs): Liquidity providers who supply stablecoin capital to different liquidity pools

  • Governance Council: A group of representatives of the community DAO that configures the protocol on behalf of decentralized governance

Concepts

  • Pool: A place where LPs can deposit funds to fund the suppliers of a particular buyer

  • Unrealized Losses: The total value of all loans that have been marked as impaired

  • Receivables: The rights a supplier has to receive payment in the future for providing products or services to the buyer (typically collected within 30, 60, 90 days)

  • Loans: When a pool admin funds a receivable approved by the buyer, a loan between the buyer and the pool is created to represent the repayment obligation.

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