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Lending

Borrowers post credit tokens. Lenders supply the stablecoins.

Morpho, Loopscale, isolated Kamino and Euler markets · one collateral per market · covers 100% of borrowing · Loopscale: borrowed only
Lenders
$104M$103,575,815 Kamino · 9 Nov, 22:53 UTC+9.4%+9.413% Kamino · 9 Nov, 22:53 UTC 30D
6.91%6.9058% Kamino · 9 Nov, 22:53 UTC
earn
46.5%46.5474% Kamino · 9 Nov, 22:53 UTC
via vaults
Dollars
93.5%93.5377% Kamino · 9 Nov, 22:53 UTClent outShare of the supplied money that is borrowed right now.
$6.7M$6,693,425 Kamino · 9 Nov, 22:53 UTC freerates jump above 90%
Borrowers
$116M$116,051,674 Kamino, Loopscale · 9 Nov, 22:53 UTC+9.9%+9.923% Kamino · 9 Nov, 22:53 UTC 30D
8.28%8.2782% Kamino, Loopscale · 9 Nov, 22:53 UTC
pay
57.9%57.94% Kamino, Loopscale · 9 Nov, 22:53 UTC
avg LTVLoan-to-value: the loan as a share of the collateral behind it.
Total borrowed against private credit$116M$116,051,674 Kamino, Loopscale · 9 Nov, 22:53 UTC isolated + $0Lending dataset · 9 Nov, 22:53 UTC pooled =$116M$116,051,674 Kamino, Loopscale · 9 Nov, 22:53 UTC
Data as of 9 Nov, 22:53 UTC· Each venue matched to its own totals within 2%, except Loopscale, which publishes noneHow we count
Borrowed+34.8%+34.812% Kamino · 9 Nov, 22:53 UTC 90D
KaminoLoopscaleSuppliedFree

Isolated markets · Kamino and Morpho history backfilled; Loopscale start 9 Nov

About this data

Source: Kamino, Loopscale position reads.

Who borrows against what

All 1 tokens
TokenVenuesMarket typeBacking loansDeposited onlyCredit tokens in a venue that back no loan.BorrowedFixed rateAvg LTVLoan-to-value: the loan as a share of the collateral behind it.Max LTVThe highest limit among the variable-rate markets where the token is posted, as on its token page. Fixed-term loans set their own.Priced by
KLIsolated$200M$200,296,127 $1.7M$1,733,213 $116M$116,051,674 from 6.50%6.5% LK57.9%57.94% 66%NAV
1 of 1

Lenders

Earn vaultLends againstTo credit% of vaultLend rate% lent
Marinade USD Vault · Kamino · SolanaONyc$917.8K$917,818 64.4%64.4113% 5.52%5.5211% 90.8%90.7808%
Elemental USDC Turbo · Kamino · SolanaONyc$834.0K$833,993 25.2%25.19% 6.73%6.7327% 90.8%90.7808%
MEV Capital USDC · Kamino · SolanaONyc$734.6K$734,597 90.6%90.6491% 6.10%6.0965% 90.8%90.7808%
Neutral Trade USDC Max Yield · Kamino · SolanaONyc$424.1K$424,119 38.8%38.8432% 6.59%6.5906% 90.8%90.7808%
Galaxy USDC · Kamino · SolanaONyc$375.8K$375,840 18.2%18.1728% 4.24%4.2382% 90.8%90.7808%
Echlon Optimized USDC · Kamino · SolanaONyc$80.8K$80,825 67.9%67.8707% 3.99%3.9863% 90.8%90.7808%
RWA USDC · Kamino · SolanaONyc$23.7M$23,658,134 47%46.9776% 5.92%5.9185% 91.2%91.2285%
MEV Capital USDS · Kamino · SolanaONyc$10.8K$10,751 84.2%84.2477% 6.80%6.799% 91.4%91.4297%
Allez USDS · Kamino · SolanaONyc$203.8K$203,785 91.3%91.2892% 7.09%7.0866% 91.4%91.4297%
Elemental USDS Optimizer · Kamino · SolanaONyc$49.2K$49,213 91%90.9961% 7.18%7.1839% 91.4%91.4297%

Can I withdraw?

2Kamino · 9 Nov, 22:53 UTC of 3Kamino · 9 Nov, 22:53 UTCmarkets over 90% lent today

19Kamino · 9 Nov, 22:53 UTC of the last 30 days above 90%. Free cash per token:

ONyc$6.7M$6,693,425 Kamino · 9 Nov, 22:53 UTC · 94%

Over 90% lent: withdrawals may wait until borrowers repay.

Have lenders lost money?

$0Morpho, Euler, Aave, Kamino · 10 Nov, 00:00 UTCbad debt
Liquidated since 10 Aug$0Morpho, Euler, Aave, Kamino · 10 Nov, 00:00 UTC · 0Morpho, Euler, Aave, Kamino · 10 Nov, 00:00 UTC
Largest—No liquidation recorded for these filters

Covers Morpho, Euler, Aave, Kamino. Bad debt excludes Euler and Kamino, where no bad-debt figure can be read.

21,784Kamino · 10 Nov, 00:00 UTC fixed-term loans closed at maturity (not liquidations)

How is the collateral priced?

Market price$31.2M$31,221,066 Kamino, Loopscale · 9 Nov, 22:53 UTC · 15.6%15.5875% Kamino, Loopscale · 9 Nov, 22:53 UTC
Issuer NAVNet asset value: the price the token’s issuer publishes.$169M$169,075,061 Kamino, Loopscale · 9 Nov, 22:53 UTC · 84.4%84.4125% Kamino, Loopscale · 9 Nov, 22:53 UTC
Fixed price$0Kamino, Loopscale · 9 Nov, 22:53 UTC · 0%Kamino, Loopscale · 9 Nov, 22:53 UTC
Unknown$0Kamino, Loopscale · 9 Nov, 22:53 UTC · 0%Kamino, Loopscale · 9 Nov, 22:53 UTC

Issuer NAV: if the token trades lower on the market, the lending market won’t see it. No liquidation happens, and lenders carry the loss.

How we count

Backing loans: credit tokens enabled as collateral, with an LTV above zero, in a position with debt. Deposited only: every other credit token in the venue.

Borrowed: in an isolated market, the market’s borrowing. In a pooled market, the debt of positions holding credit tokens, split across mixed collateral by value at the market’s own oracle.

Pooled markets show lender figures for the whole pool, because that money is not set aside for credit borrowers. Lend rate is weighted by supply, borrow rate by debt.

Loopscale is borrowed only: its lender supply cannot be read, so it is left out of supplied, % lent and free. Fluid and Jupiter Lend are not covered yet. Markets with no collateral and no debt are hidden; turn them on in Filters.

Left out because the market’s oracle fails or is broken: Morpho PRIME / USDC on ethereum (0xec10f939836409ccc1e82979b34a06591b8e7476fcca1cb0b94d33d68e6d6526): its oracle is broken, it values one PRIME at $1.069e+12 against Morpho's $1.069; debt 1 USDC; Morpho muBOND / USDC on ethereum (0x6cf7e63f37d7f2ca2b86d1415eeedd4173b30f9974e8a706016e1f798b479b03): its oracle reverts; debt 219326 USDC; Morpho syrupUSDC / ARGt on base (0x8e15587c793b308b5769e0b3830336cef90e8bff486a46047d385db850111422): its oracle reverts; debt 1095 ARGt; Morpho syrupUSDC / ARGt on base (0xc2431f2ab85339427c371b337fc75e0388b93d5b98b4f8603d60d206f255c9a7): its oracle reverts; debt 0 ARGt.

Each market is read at its own block or slot. Morpho and Kamino days before the dataset began are backfilled from their own history APIs; borrowed, supplied and rates only, so collateral starts when positions were first read.