I’m Stephen from Constant Finance, building fixed-rate onchain credit. Ask me anything about borrowing costs, early repayment, and DeFi credit

Hey r/CryptoCurrency,

I’m Stephen, u/yaxiba, and I handle PR and marketing at Constant Finance. We’re building a peer-to-peer protocol for fixed-rate, fixed-term onchain credit.

A question we’ve been thinking about: how can borrowers know their interest rate upfront without losing the flexibility to repay when they no longer need the funds?

With Constant Finance, borrowers and lenders agree on the rate and term upfront. The protocol is designed to let borrowers repay early and pay interest for the time they actually borrowed. That flexibility has a tradeoff: lenders need to consider the possibility of early repayment and reinvestment risk when setting their rates.

I’ll be here on Sunday, November 8, from 15:00 to 17:00 UTC to answer your questions. I’ll also check back afterward for questions I missed.

We can discuss Constant’s design or onchain credit more broadly, including:

• When fixed rates make sense compared with variable rates
• How borrowers can compare the total cost of a loan, beyond the advertised rate
• How early repayment affects borrowers and lenders
• What options lenders have when they want to exit before maturity
• Collateral, liquidation, smart contract risk, and other tradeoffs
• What DeFi credit needs to become more useful
• Who we are and how the team is developing

I work on PR and marketing, so if a technical question needs input from our product or development team, I’ll check with them and follow up where I can.

Questions, criticism, and suggestions are all welcome. Ask me anything.

Website: https://www.constant.finance/
Documentation: https://constant-finance.gitbook.io/docs