How IBRR manages lending quotes, duration and execution

IBRR is LendPace’s lending quote engine. It uses market information and strategy settings to manage offers; it cannot create borrowing demand or know future returns.

A quote cycle

Read market data and available funds, checking currency and limits.
Examine supply, demand and compatible durations. Bitfinex uses a funding book; KuCoin and OKX use their own pool data and matching rules.
Choose a quote and duration consistent with the selected strategy.
Review pending offers, lent funds and available balances in later cycles, adjusting when conditions call for it.

Why the highest displayed rate is insufficient

A high 120-day offer can simply be another lender’s asking price. It is not proof of a willing borrower. A useful quote must account for demand, depth and compatible duration.

High Yield weighs stronger quotes against longer commitments; Quick Fill favors shorter terms and competitive quotes. Borrowers can repay early, so the offered duration is not a guaranteed interest-earning period.

Execution is not instantaneous matching

A scheduled check, API response, accepted offer and fill are separate events. Market movement and API failures can affect each one. Fixed repricing percentages or second-level response claims should not be treated as universal product promises.

An existing loan does not automatically acquire a higher rate when the next quote changes. New decisions mainly affect funds available to redeploy.

FAQ

Is IBRR the same as FRR?

No. IBRR is the tool’s quote logic; FRR is Bitfinex’s floating-rate mechanism. Neither is an account’s realized net return.

How should I evaluate it?

Compare the same currency and period using credited interest, idle time, costs and time spent managing. A peak fill is not comparable to someone else’s average return.