Term

Term Finance auctions (sealed-bid lock → reveal) and secondary-listing management. Servicing (repay/redeem/collateral) and secondary-market lending use the standard Lending actions.

Lock lend offers (auction)

**AUCTION LEND — step 1 of 2.** Build the `lockOffers` transaction that submits sealed lend offers to the repo's active `TermAuctionOfferLocker`. Reveal them after the auction's reveal window opens via `/v1/actions/term/reveal-offers`.

Lock borrow bids (auction)

**AUCTION BORROW — step 1 of 2.** Build the `lockBids` transaction that submits sealed borrow bids (escrowing collateral) to the repo's active `TermAuctionBidLocker`. Reveal them via `/v1/actions/term/reveal-bids`.

Reveal locked offers

**AUCTION LEND — step 2 of 2.** Reveal previously-locked offers (opens the sealed price + nonce) after the reveal window opens.

Reveal locked bids

**AUCTION BORROW — step 2 of 2.** Reveal previously-locked bids after the reveal window opens.

Unlock (cancel) offers

Cancel unrevealed offers, reclaiming the escrowed purchase token.

Unlock (cancel) bids

Cancel unrevealed bids, reclaiming escrowed collateral.

Create a secondary listing

List repo tokens for sale on the secondary `RepoTokenLinkedList` order book (early exit). Escrows the repo token, so the response includes a repo-token approval.

Cancel a secondary listing

Cancel one of your secondary-market listings by `listingId` (the order `id` from [`/v1/data/lending/orders`](#operation/lending-orders)).