Off-chain signed offer

1. Summary

Off-chain offer negotiation enables borrowers to signal a desire to take a loan without executing an on-chain transaction.

That means on-chain transactions are executed only when the borrower and lender agree on the loan terms. Or if a lender decides to step back from an offer they made.

Note that this feature can be used not only by Externally Owned Accounts but also by smart contract wallets which implement EIP-1271.

2. User flow diagrams

Simplified user flow with off-chain offers

Complete user flow with off-chain offers