Skip to content

Commit 487b360

Browse files
author
Edward (OpenClaw)
committed
docs(asset-leasing): emphasize key terms on first use; fix ambiguous 'it' in maintenance-margin sentence
- Bold 'Holders', 'rent out', 'fungible token', 'short sellers' on first occurrence so the canonical terminology stands out to the reader. - The previous sentence said 'if the borrowed asset rallies past the maintenance margin' — the asset's price doesn't cross the maintenance margin (it's a collateral ratio, not a price level). Rewritten to: the asset rallies far enough that the short seller's collateral falls below the maintenance margin.
1 parent 62fac5f commit 487b360

1 file changed

Lines changed: 7 additions & 6 deletions

File tree

defi/asset-leasing/anchor/README.md

Lines changed: 7 additions & 6 deletions
Original file line numberDiff line numberDiff line change
@@ -1,11 +1,12 @@
11
# Asset Leasing
22

3-
**Directional token lending.** Holders rent out fungible token
4-
inventory to short sellers. Short sellers post collateral, pay a
5-
second-by-second lending fee, and return equivalent tokens before
6-
expiry. If the borrowed asset rallies past the maintenance margin,
7-
keepers liquidate the position; if the asset falls, the short seller
8-
profits and returns equivalent tokens cheaply.
3+
**Directional token lending.** **Holders** **rent out** **fungible
4+
token** inventory to **short sellers**. Short sellers post
5+
collateral, pay a second-by-second lending fee, and return equivalent
6+
tokens before expiry. If the asset's price rallies far enough that
7+
the short seller's collateral falls below the maintenance margin,
8+
keepers liquidate the position; if the asset's price falls, the
9+
short seller profits and returns equivalent tokens cheaply.
910

1011
This is the same primitive that underpins traditional securities
1112
lending in TradFi: holders earn yield on inventory they would hold

0 commit comments

Comments
 (0)