Submit a new funding offer.
What is FRR?
The FRR, or Flash Return Rate, is a dynamic rate that is a derivative of current market conditions.
See the Knowledge Base for more information.
FRR Offer
To place an FRR offer, use type FRRDELTAVAR and specify the rate as 0. This will place an FRRDELTAVAR offer with an offset of 0.
Funding Order Types
LIMIT: Place an order at an explicit, static rate
e.g. Placing a LIMIT order with a rate of 0.01 will put an order on the book with a rate of 0.01. Do note that rates are percentages expressed as decimals, so a rate of 0.01 will equal 1%.FRRDELTAFIX: Place an order at an implicit, static rate, relative to the FRR
e.g. Given that the FRR was 0.03 at the time, placing a FRRDELTAFIX order with a rate of 0.01 will put an order on the book with a rate of 0.04 (FRR + rate).The rate will not change, even if the FRR goes up or down; it becomes static once the order has been created.
The offset can be negative or positive for FRRDELTAFIX.
FRRDELTAVAR: Place an order at an implicit, dynamic rate, relative to the FRR
e.g. Given that the FRR was 0.03 at the time, placing a FRRDELTAVAR order with a rate of 0.01 will put an order on the book with a rate of 0.04 (FRR + rate).Unlike the static rate order types, the rate of a FRRDELTAVAR order that on the book can change; Its rate is dynamic. How the rate changes correlates 1:1 with any changes to the FRR following order creation.
e.g. If the FRR increased by 0.01, then all FRRDELTAVAR that are on the book and were created prior to the rate rise, will see their own rates rise by 0.01.
Once an order with a variable rate has been matched, the rate becomes fixed for the duration of the loan agreement.
The offset can only be positive for FRRDELTAVAR.
Response Fields
| Term | Type | Description |
|---|---|---|
| MTS | int | Millisecond Time Stamp of the update |
| TYPE | string | Purpose of notification ('on-req', 'oc-req', 'uca', 'fon-req', 'foc-req') |
| MESSAGE_ID | int | unique ID of the message |
| ID | integer | Offer ID |
| SYMBOL | string | The currency of the offer (fUSD, etc) |
| MTS_CREATED | int | Millisecond Time Stamp when the offer was created |
| MTS_UPDATED | int | Millisecond Time Stamp when the offer was created |
| AMOUNT | float | Current amount of the offer |
| AMOUNT_ORIG | float | Amount of the initial offer |
| OFFER_TYPE | string | Offer Type |
| FLAGS | int | Flags active on the offer; see https://docs.bitfinex.com/v2/docs/flag-values |
| OFFER_STATUS | string | Offer Status: ACTIVE, EXECUTED, PARTIALLY FILLED, CANCELED |
| RATE | float | Rate of the offer (percentage expressed as decimal number i.e. 1% = 0.01) |
| PERIOD | int | Period of the offer |
| NOTIFY | boolean | True / false |
| HIDDEN | int | 0 if false, 1 if true |
| RENEW | boolean | True / false |
| CODE | null or integer | Work in progress |
| STATUS | string | Status of the notification; it may vary over time (SUCCESS, ERROR, FAILURE, ...) |
| TEXT | string | Text of the notification |
Ratelimit: 90 req/min