# Introduction ### Bisaar is a permissionless P2P marketplace for tokens and NFTs. The product is currently in testing phase. Loan out USDT or ETH in exchange for a basket of assets as collateral. Lenders can come and negotiate counter offers in order to provide a quick and easy match for both parties. An easy to use messaging service that is public makes negotiations easy and fast. The feature set is described in [Key features](/overview/key-features). A detailed overview is provided in the form of video guides here [Guides](/guides/creating-an-offer). # Key features 1. **P2P Loans** and **Bid** mechanic. 2. **Batch** of NFT and ERC20 assets. 3. **Borrower Option** to either **Hold-Till-Repayment-Date**; or allow **Claim** early if underwater. 1. Hold-till-repayment-date --- serves as an option and deserves increased interest rates. 2. Claim --- similar to liquidations in normal borrow-lend protocols. 3. Implied swap if the borrower has no intention to repay. 4. **Social interactions** via counter offers and discussions about them, just like on a real live marketplace. ### Next steps * Editable user profiles (twitter, user profile image, background) * User score system * Statistics regarding users (end of September) # Problem/Hypothesis 1. Pool-to-pool (Aave, Rari Fuse) are unable to provide optimised loan terms (high LTV, wide range of collateral assets, low interest rates, predictable interest rates) due to: 1. systemic risk of adding new assets as collateral. 2. large thresholds for safety for LTV, health factor, and liquidation penalties, liquidation game theory, and liquidator risk premiums especially during times of market volatility. 3. lenders prefer to have their loaned assets back, instead of claiming collateral. 2. Pool-to-pool has systemic risks brought on by adding new collateral assets. 3. Lending platforms are not generating enough fees for the platform owners. 4. Bluechip DeFi yields are currently low. New DeFi or bridge protocols have been exploited. Whale and institutional lenders are looking for low risk, moderate yield opportunities. 5. NFT P2P loan products are niche and limited addressable market due to asset base (bluechip NFTs, versus all ERC20s). # Users and roles ### User types 1. **Borrower** 1. Have a basket of assets they want to put up as collateral and borrow other assets. Some assets are blue chips; others are there to sweeten the pot to get better rates from lenders. 2. Have a basket of assets they essentially want to sell (no intention to repay the loan). 3. Personas: 1. **Altcoin whale (Primary)**- has a basket of one or many altcoins that there is no liquidity for. Is able to accept a much lower offer for it then the market price. 2. **DAOs** that want to sell their assets. A good example can be seen [here](https://gov.ribbon.finance/t/rgp-17-ribbon-bond-issuance/583). 3. **NFT borrowers** (To be validated in the future) - people that want to own an asset to use it in game or just to show it of. 2. **Lenders** 1. Who don't mind taking the basket of assets incase the loan is not repaid or certain LTV thresholds are met. 2. Personas: 1. **Big Liquidity providers (Secondary)** - are happy to accept certain altcoins (e.g. blue chip products or potential blue chips) for a good discount rate if the Borrower does not plan to repay its debt. Otherwise they receive some good APY. 2. **Deal scalpers (Secondary)** - people who are sitting in the dApp and looking for best deals, making great (for them) counter offers where there is no liquidity. 3. **Admin** - manages the health of the product. 4. **Affiliates** - Onboard new traders via referral links. 5. **Platform owners** - wallets who receive platform fees. Product owners. # Bisaar test cases ### **How to start testing** 1. Get some Goerli testnet ETH from or . 2. Mint some test tokens on Goerli testnet network. You can find test tokens and NFTs here - [Mint tokens and NFTs](https://www.notion.so/Bisaar-Contract-address-goerli-9dd3f76978654e4c9e7aae3fdc9e8606). A tutorial on how to mint them can be found below or here - [Video how to mint tokens and NFTs](https://www.loom.com/share/27f7b313033843469eb3a13e8731bed6) . 3. Go to [https://bisaar.io/](https://bisaar.io/en/market). 4. Start testing the test scenarios below. 5. If you want to add bugs to the list please message or @Catepilar on Telegram. 6. Add bugs to [this list](https://www.notion.so/c2dcb699e0cf4513b0c591673ae13dcb?v=3436d46e4a864ca5b0a93e2cb7fe12ba\&p=e3593cb21c6d48f488af9672297f6d94\&pm=s). Assign it to [Mariusz Szyma](mailto:undefined). Set the priority accordingly. {% embed url="" %} ⚠️ USDT is currently in this app not worth 1$, but more like 0.0000001$. If your loan amount looks huge that’s normal. ### Test cases * Offer * Creating a new offer * with tokens only * with tokens and NFTs * with both * setting the price of tokens and NFTs in the offer without oracle * Token amount shows the right value * Check if values add up * If offer can be create * Check if loan amount is correct * Closed * Close offer that has been expired * Offer view * Accept a Offer * Accept a counter offer * Expired * Check if new offer can expire * Loan * I can repay a loan (borrower) * I can default on a loan (borrower) * I can get liquidated (borrower) * I can size collateral (lender) * Counter offer * Create counter offer * Accept counter offer * Reject counter offer * Marketplace view * Sort offers * Check if you can see all types of offers (new, closed, expired, loan) * Dashboard * I can see my offers and counter offers * I can sort by offers that I've created and I provided a loan * User profile * Check if you can go to an offer and click on the user profile. The app should allow you to go to a * Filters * Test if all filters work * Create a counter offer * View it * Cancel counter offer * Comment * Create a comment * See email with comment * Add email via register option # Creating an offer {% embed url="" %} # Creating an counter offer {% embed url="" %} # Accepting a loan {% embed url="" %} # Paying back a loan {% embed url="" %} # Claiming collateral # Code and Contracts GitHub organisation and repositories- . Additional technical documentation can be found in this repository - ## OfferAddress ``` "OfferFactory": { "Sep 8th": "0xC3b5682cE885cC50a97D6dcC995f40aBff8f8a4D" "Sep 11th": "0x63FDA482A0Adc9e5C6fad9B1391e6524A90eb9c2" "Sep 16th": "0xCbB54fA5d59171022dB4b2188Bdc4248c3E3D0eF" } "PRICE_ORACLE": { "Sep 5th": "0xcA70afe9B8397FA1c34e807A18d0f7f1F6Ca4488" } ``` # Contact For any product questions please contact .