Request for Quote (RFQ)

A request for quote (RFQ) is a process where a company seeks a quote or estimate from another company for the purchase of goods, products, or services. RFQs are also referred to as call for bids (CFB) or invitations for bids (IFB). In the blockchain context, an RFQ is commonly used by borrowers to request potential loan terms from DeFi or blockchain companies, particularly those related to specialized liquidity pools or similar mechanisms.