Skip to main content

Lock borrow bids (auction)

POST 
/v1/actions/term/bid

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.

Term Finance is a fixed-rate tri-party-repo lender (NOT a Morpho Blue fork) with two lend surfaces:

  • Secondary order book (RepoTokenLinkedList): buy/sell repo tokens continuously. LEND (buy a repo token) routes through the standard lending action /v1/actions/lending/deposit for a TERM_FINANCE_<id> market. List/cancel your own repo tokens with /v1/actions/term/list · /unlist, and read your listings + auction submissions from the unified /v1/data/lending/orders.
  • Primary auctions (sealed-bid): submit a lend offer or borrow bid, then reveal it. The endpoints in this section (/v1/actions/term/*) build those transactions.

Servicing (repay / redeem / collateral) always uses the standard lending actions: repay · withdraw · deposit (collateral leg).

Sealed commitments: offerPriceHash / bidPriceHash = keccak(price, nonce) are computed client-side so the server never sees your secret price/nonce before reveal.

Request​

Responses​

The lockBids transaction + per-collateral approvals