Arbiter Role (v1)

In v1 the Servicer acts through the blockchain address of the Arbiter role, an address used in the protocol for some critical system features.

The Arbiter is a role in our contracts that works to ensure a fair treatment in our system.

It can be a third-party trusted by the Borrower and the Lender or it can be a single Lender that can represent all Lenders vis-a-vis a Borrower.

In v1 the Arbiter's main role is to discourage and prevent bad behaviour by Borrowers and to ensure that Lenders are in the best position possible to be repaid.

It does so through having privileged access to certain functions, some of which are highlighted in the following sections.