> For the complete documentation index, see [llms.txt](https://evolvere-space.gitbook.io/evolvere.space/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://evolvere-space.gitbook.io/evolvere.space/how-it-work.md). # How it work Each Tender is initiated by a participant who defines the number of total members, schedule per round, and interest offered. From there, the system runs on a structured bidding process that encourages healthy competition and transparent participation.

**Examples speak louder than explanations. Here we present our innovative of lending and borrowing one unified hub.** 📌 Example: Bob Creates a 4-Person Tender 1. Tender Setup * Bob wants to access 1,000 USDT * He creates a Tender with 4 participants (including himself), meaning 4 rounds * Each round lasts 1 week, so the full Tender completes in 1 month * Bob and all participants lock collateral equal to their share in the Tender, with a flexible round period defined during setup—ensuring fairness throughout the process. * He offers 5 USDT as interest for the first-round contributors.
2. Round 1 – Bob Receives Funds * The other 3 participants each contribute 245 USDT * Bob receives 734.265 USDT immediately after fees are deducted

3. Rounds 2 & 3 – Bidding Begins * Only participants who haven’t received funds can bid * The highest bidder wins the round and receives that round’s share * Remaining participants continue contributing—adjusted by the interest offered

4. Round 4 – Final Participant * The last remaining participant automatically receives the final share * No bidding is required

✅ Completion \ Once all rounds are completed, every participant receives their round share and their full collateral back—simple and fair, just as it should be.