CoinFLEX is the first exchange to launch an exchange traded Repo (8 hour borrowing/lending) market. Repo markets can facilitate borrowing and lending activity between the two assets being traded in the respective repo market. The Repo “price” is essentially an interest rate representative of the demand and supply in the market to borrow and lend each asset.
If you bid in Repo, it means that you have USD that you would like to lend to a borrower in exchange for the borrower’s (Repo seller’s) Coin collateral. If you offer in Repo, it means that you have Coins that you would like to lend in exchange for USD collateral.