Exactly · Acts onchain
Borrows an asset from one of an Exactly market's fixed-rate pools until the pool matures. The fee is fixed at the moment of the borrow from the pool's rate for the time to maturity, and the debt is the assets plus that fee, owed at maturity and charged a daily penalty after it. The borrow reverts when the debt would exceed the maximum, and the Auditor refuses one that leaves the account short of collateral. The action returns the debt owed at maturity. It acts on the sending account's own position, so standing alone the wallet sends it itself. Where the Auditor answers to a firewall, as Base's does, the market serves only the accounts that firewall allows, and a call from any other account reverts. Reach for it to borrow at a known cost until a known date rather than at the floating rate.