The tldr;
Size is a lending marketplace with unified liquidity across maturities.
Borrowers are provided with the best fixed rates for any maturity date they choose and can exit early without paying full term interest.
Lenders choose their own rates on a yield curve, earn a variable rate until matched with borrowers, and exit their obligations any time.
Speculators may buy and sell credit for any maturity, speculating on rates or earning a multiple on the yield curve bid-ask spread.
An Insurance Reserve protects against unprofitable liquidations and insolvency.
Size has conducted 3 independent code audits.
Only USDC (lend/borrow) and ETH (collateral asset) are currently supported.
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