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DeFi

Where private-credit tokens go after they’re issued, and what they earn there.

Posted as collateral
$2.10B$2,102,567,340 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTC
on Morpho, Kamino, Aave and Euler

Key metrics

  • $1.29B$1,290,766,314 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTC
  • $431M$430,810,039 Pendle, Exponent · 10 Nov, 07:48 UTC
  • $530M$529,553,387 Tranche vaults · 10 Nov, 08:03 UTC
  • Tokens used in DeFi29Lending venues, PT venues, tranche vaults · 10 Nov, 08:01 UTC of 96Token registry · 9 Nov, 00:00 UTC
About this data

Borrowed against it. Aave isn’t included because its pools don’t show borrowing per token.

Tokens used in DeFi. Tokens with any amount in the DeFi uses selected above.

Lending collateralTranched poolsFixed-yield PTsUses overlapthe same dollars can sit in several lines
About this data

History starts late for Aave lending from 9 Oct, Euler lending from 9 Oct, fixed-yield PTs from 4 Oct: earlier days are missing, not zero.

Days before every venue in the total has history are left out, so a venue joining does not read as growth.

Not in this line yet, under 7 days of history: Exponent (from 7 Nov).

Source: Lending APIs, Pendle and Exponent, tranche share prices · daily, UTC.

What you can do with a credit token

Borrow against it 6.46%6.4566% Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTCLending, loops, fixed-rate loansavg borrow rateLock a fixed yield 12.81%12.8072% Pendle, Exponent · 10 Nov, 07:48 UTCBuy a PT, get par at maturityavg fixed APYTake more or less risk 12.85%12.8458% Tranche vaults · 10 Nov, 08:03 UTCSenior is paid first, junior earns morejunior APYCheck the risk 50.7%50.7005% Morpho · 10 Nov, 08:03 UTCHow close loans are to liquidationwithin 5%
About this data

Borrow against it. Average rate, weighted by how much is borrowed in each market.

Lock a fixed yield. The fixed rate each market implies, averaged by market size.

Take more or less risk. Average, weighted by the size of each junior tranche. Tranches too small or too new are left out: Strata PRIME junior (7-day APY, under $1M), Strata nOPAL junior (7-day APY, under $1M).

Check the risk. Share of Morpho borrowing that would be liquidated if the collateral price fell 5% or less. Kamino, Aave and Euler aren’t read yet.

Top tokens in DeFi

collateral postedBar colour = credit type, as on Onchain credit.
PRIME$316M$316,307,601 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTCsyrupUSDG$233M$233,376,485 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTCreUSD$207M$206,633,017 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTCsyrupUSDT$204M$204,303,355 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTCsyrupUSDC$197M$196,809,313 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTCONyc$168M$168,456,892 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTCPST$168M$167,965,900 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTC

Collateral by chain

lending
  • Ethereum$960M$960,464,391 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTC
  • Solana$462M$461,668,646 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTC
  • Monad$189M$189,387,144 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTC
  • Robinhood$158M$158,156,578 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTC
  • Arbitrum$132M$131,837,123 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTC
  • Base$100M$100,026,392 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTC
  • Plasma, Mantle, other$101M$101,027,066 Morpho, Kamino, Aave, Euler, Curvance · 10 Nov, 08:01 UTC

Largest positions

All usesLendingFixed yieldTranches
All 100Positions on this page · 10 Nov, 08:01 UTC positions
PositionUseVenueChainValueRateOpen
reUSD senior trancheTrancheReEthereum$384M$384,208,031 Tranche vaults · 10 Nov, 08:03 UTC7.10%7.0957% Tranche vaults · 10 Nov, 08:03 UTC↗
PT-reUSD 10 DecFixed yieldPendleEthereum$297M$297,438,907 Pendle · 10 Nov, 07:48 UTC11.66%11.6569% Pendle · 10 Nov, 07:48 UTC↗
PRIME / PYUSDLendingMorphoEthereum$227M$227,006,257 Morpho · 10 Nov, 08:01 UTC6.21%6.2058% Morpho · 10 Nov, 08:01 UTC↗
ONyc OnRe MarketLendingKaminoSolana$168M$168,456,892 Kamino · 10 Nov, 08:01 UTC7.93%7.9348% Kamino · 10 Nov, 08:01 UTC↗
PT-reUSD / USDCLendingMorphoEthereum$166M$166,258,004 Morpho · 10 Nov, 08:01 UTC9.83%9.8266% Morpho · 10 Nov, 08:01 UTC↗
syrupUSDG / USDGLendingMorphoArbitrum$132M$131,790,229 Morpho · 10 Nov, 08:01 UTC3.72%3.7213% Morpho · 10 Nov, 08:01 UTC↗