# 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

Round 1

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

Round 2

Round 3

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

Round 4

✅ 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://evolvere-space.gitbook.io/evolvere.space/how-it-work.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.