Manage

The First Loss Capital Provider will be responsible for the following Pool management actions:

• Loan origination.

• Vetting and identity verification of Borrowers.

• Coordinating Lender voting on loan approvals.

• Pausing and resuming lending from the Lending Pool.

• Defaulting loans.

In addition to these management actions, First Loss Capital Providers can also manage their Lending Pools using the following parameters:

Parameter Name	Default Value	Purpose
Staker Earning Factor	150%	First Loss Capital Provider’s tool to control their earning leverage within the Pool
Target Liquidity Percent	0%	Defines the proportion of the Pool to keep liquid (i.e. not loaned to Borrowers)
Minimum Loan Amount	100 Capital Tokens	Enforces a lower bound for the loan amount on loan requests
Minimum Loan Duration	1 day	Enforces a lower bound for the loan duration on loan requests
Maximum Loan Duration	51 * 365	Enforces an upper bound for the loan duration on loan requests
Template Loan APR	30%	Provides a default loan APR for new loan applications
Template Loan Grace Period	60 days	Provides a default grace period for late loan payments

In addition to the Pool-Level parameters, First Loss Capital Providers can also manage the following Loan-Level parameters:

Parameter	Default Value	Purpose
APR	Template Loan APR	Allows First Loss Capital Provider to change the APR for a specific loan from the Template Loan APR
Loan Duration	Borrower-set	Allows First Loss Capital Provider to change the specific loan duration from the value submitted on the Borrower loan request
Loan Grace Period	Template Loan Grace Period	Allows First Loss Capital Provider to change the specific loan grace period for late payments
Loan Amount	Borrower-set	Allows First Loss Capital Provider to change the specific loan amount from the value submitted on the Borrower request