Tracking Your Lending Request

It's important to understand that Lending Requests are not processed immediately, but during the final 48-hour period (Clearing Period) at the end of each 7-day epoch.

The key information related to the Lending Request process is summarised as follows:

1. Once you submit a Lending Request, it will remain queued until the end of the current 7-day epoch with the outcome determined during the Clearing Period (the final 48 hours of the epoch).

2. If you didn't manage to submit your Lending Request before the start of the Clearing Period (the start of the final 48 hour period of the 7-day epoch), then it will remain queued and carry over to the next epoch.

3. During the Clearing Period, the Delegate will determine its liquidity requirements.

4. At the end of the Clearing Period, the outcome of your Lending Request will be determined as Accepted or Rejected.

5. Only after it is Accepted will it appear in My Portfolio > Lending Portfolio.

To determine the status of your Lending Request as it transitions through the above process, visit My Portfolio > Transactions tab and scroll down to the Detailed Lending Request Transactions Section per the below image.

This section displays a table which reveals the status of your Lending Request prior to being Accepted or Rejected, along with subsequent transactions after it has been Accepted. The table displays the following columns and components:

Column 1: Last Transaction Date:

• Displays the date of the most recent transaction as it relates to the Lending Request Status. For example, the first row shows that on 18.01.2025 (Column 1), a Lending Request for 50 USDC was submitted (per Column 4).

• Once the outcome of the Lending Request is determined - such as Accepted or Rejected - the Last Transaction Date will be updated accordingly.

• The most recent transaction date will always appear at the top of this table in line with any changes marked in the Lending Request Status (Column 4).

Column 2: Lending Strategy

• Displays the Lending Strategy to which the transactions relates.

Column 3: Tranche

• Displays the loan Tranche within the Lending Strategy to which the transaction relates.

Column 4: Lending Request Status

• Displays all the stages that may occur leading up to the Lending Request being Accepted or Rejected. These stages comprise:

  • Requested: For the purposes of this explanation, refer to the first row which shows a Lending Request was submitted for 50 USDC to the Senior Tranche of the 'Whole Ledger Funding' Lending Strategy. Regardless of the outcome, the record of this Lending Request will remain, and therefore, 50 USDC will always appear should you wish to view a history of all your Lending Requests.

  • Cancelled: If you decide to cancel your 50 USDC Lending Request, it will be marked as Cancelled. Should you wish to Cancel your Lending Request, you must do so prior to the commencement of the Clearing Period. Once the Clearing Period commences, you will no longer be able to cancel your Lending Request. You can cancel your Lending Request by clicking on the View Details link in the far-right column of this table. Cancellations must be submitted prior to the commencement of the Clearing Period, which occurs within the final 48 hours of each 7-day epoch.

  • Accepted: If your Lending Request is Accepted during the Clearing Period (the end of the current 7-day epoch), it will display as Accepted at the start of the next 7-day epoch. Refer to the second row, which displays a Lending Request for 90 USDC that was Accepted on 18.01.2025.

  • Rejected: If your Lending Request is Rejected during the Clearing Period (the end of the current 7-day epoch), it will be marked accordingly at the start of the next 7-day epoch.

  • Reallocated Out: For the purposes of this explanation, refer to the third row, which shows a Lending Request was submitted for 500 USDC to the Junior tranche of the 'Whole Ledger Funding' Lending Strategy. Whilst 250 USDC of the total 500 USDC Lending Request was Accepted, the remaining 250 USDC was 'Reallocated Out' to the next available Tranche (being the Mezzanine Tranche). This is because the Junior Trance is full/oversubscribed.

  • Reallocated In: Continuing the above example, you will notice that the fourth row (directly underneath) is where the 250 UDCD was 'Reallocated In' from the full/oversubscribed Junior Tranche. The row is marked in grey shade to show its linkage to the transaction above it. Of the total 250 USDC that was 'Reallocated In,' only 100 USDC was Accepted. This is because the Mezzanine Tranche is also full/oversubscribed, so the process repeats shown by the remaining 150 USDC also being 'Reallocated Out' to the next available Tranche (being the Senior Tranche) - also marked in in grey shade to show its linkage to the transaction above it. The final row shows this 150 USDC amount being 'Reallocated In' to the Senior Tranche. However, of this total 150 USDC amount, only 100 USDC is Accepted, with the remaining 50 USDC being marked as 'Rejected.' This is because the Senior Tranche is also full/oversubscribed, in which case, the remaining 50 USDC will be returned to the Lender.

• Column 5: Opt In/Out Decision Pending

  • If your Lending Request is Accepted, a link will appear here providing you with the choice to Opt In or Out of your funds being deployed to a 'real world' loan by the Delegate. This will only occur if the Delegate identifies an End Borrower to which your funds will be deployed.

  • The second row shows an example, where 90 USDC was Accepted on 18.01.2025, awaiting the Lender's Opt In/Our decision. Once the you click on the Opt In/Out link, the below modal will appear, where you can provide instructions accordingly.

  • You will have 48 hours to Opt In or Out. Should you not submit a decision within this timeframe, an automatic opt in will take place and your funds will be deployed by the Delegate.

  • Once your Opt In decision is made (either by you, or automatically if you missed the 48-hour window), then the Opt In/Out link will disappear (marked as N/A).

  
• Column 6: Transaction History & RWA Loan Deployment Status

  • This link displays a modal that is separated into two parts.

  • The first part (top half of transactions) displays a further breakdown of all the above transactions leading up to the outcome of your Lending Request, including the epoch, date and Transaction Hash (where applicable) of each transaction.

  • The second part (bottom half of the transactions), titled 'RWA Loan Deployment Status (Post Acceptance),' displays all the transactions that occur after your Lending Request is Accepted. These are the transactions that don't appear in the table in the main screen, because they occur after the Accepted stage. This includes the date and Transaction Hash (where applicable) of each transaction.

• A glossary of the transaction breakdown details that display in the modal is as follows:

Top half of the modal, which provides a breakdown of all the transactions leading up to the outcome of your Lending Request

Bottom half of the modal, titled 'RWA Loan Deployment Status (Post Acceptance),' which displays all the transactions that occur after your Lending Request is Accepted