Liquidity provider -> A user who adds liquidity to the Open protocol through the process of asset deposits.
2.
Borrower -> A user who borrows from the protocol.
3.
Collateral: A token(s) deposited by a borrower as a security deposit to secure a loan.
4.
Supply apr -> Annualised interest rates earned by liquidity providers.
5.
Borrow apr -> Annnualised interest rates charged to the borrowers.
6.
PermissibleCDR -> Determines the permitted loan amount a borrower can acquire against their collateral.
7.
MCP -> Minimum commitment period is the minimum time duration for which a user(liquidity provider or borrower) locks their deposits or loans within the protocol. MCP improves the protocol's ability to predict the liquidity inflow & outflow.
8.
Primary markets -> Supported markets where the system participants can deposit, borrow, or provide collateral.
9.
Secondary markets -> Supported markets on integrated dapps, where the borrowers can convert their loans(primary markets) into, through the process of swaps, trading, etc.
10.
Collateral-check: An off-chain verification is performed to determine if the borrower has adequate collateral to maintain loan security.