All markets
Every place a private-credit token is used in DeFi, in one table.
| Market | Use | Venue · chain | SizeThe same dollars can sit in several rows. | Borrowed | RateBorrow rate, fixed APY or tranche APY, by row. | |
|---|---|---|---|---|---|---|
 reUSDe / USDC Re | Lending floating |  Morpho Ethereum | $172.9K$172,917 | $131.7K$131,742 | 13.25%13.2503% | ↗ |
reUSDe / USDC Re | Lending floating |  EulerEthereum | $225.5K$225,544 | $163.9K$163,913 | 5.51%5.5064% | ↗ |
 solmF-One MF-ONE Market | Lending floating |  Kamino Solana | $4.4M$4,444,264 | $2.4M$2,352,339 | 5.58%5.5779% | ↗ |
 srnOPAL / jrnOPAL Strata | Tranches senior / junior |  StrataEthereum | $415.0K$414,952 | — | 9.29%9.292% / 12.95%12.9507% | ↗ |
 srPRIME / jrPRIME Strata | Tranches senior / junior | StrataEthereum | $367.3K$367,295 | — | 5.75%5.7491% / 6.26%6.2553% | ↗ |
Stablecoin backing Grove / Sky · Ethena · Noon · infiniFi · Resolv · Falcon | Holders reserves | 6 issuers | sizing next | — | — | |
Strategy vaults Plume Nest · Yearn · OpenTrade | Holders one deposit, many tokens | 3 vaults | sizing next | — | — | |
 sUSDat / AUSD Saturn | Lending floating | MorphoEthereum | $188.0K$187,993 | $87.4K$87,438 | 8.55%8.5498% | ↗ |
sUSDat / USDC Saturn | Lending floating | MorphoEthereum | $45.1K$45,069 | $31.7K$31,671 | 8.61%8.6146% | ↗ |
sUSDat / USDT Saturn | Lending floating | MorphoEthereum | $172.5K$172,529 | $138.4K$138,356 | 4.36%4.3582% | ↗ |
 syrupUSDC Maple Market | Lending floating | KaminoSolana | $47.1M$47,147,151 | $39.5M$39,523,268 | 4.85%4.8476% | ↗ |
syrupUSDC AaveV3Base | Lending pooled |  Aave Base | $67.3K$67,287 | — | 5.81%5.808% | ↗ |
syrupUSDC AaveV3Monad | Lending pooled | Aave Monad | $80.8M$80,773,993 | — | 5.30%5.3016% | ↗ |
syrupUSDC Multiply vaults · 5.3x in use | Lending loop | KaminoSolana | $38.0M$37,981,127 | $31.7M$31,681,626 | 4.85%4.8485% borrow | |
syrupUSDC / AUSD Maple | Lending floating | MorphoEthereum | $1.0M$1,000,025 | $881.7K$881,662 | 2.54%2.5397% | ↗ |
syrupUSDC / PYUSD Maple | Lending floating | MorphoEthereum | $64.8M$64,841,359 | $57.8M$57,847,315 | 4.46%4.4643% | ↗ |
syrupUSDC / RLUSD Maple | Lending floating | MorphoEthereum | $282.3K$282,296 | $186.2K$186,209 | 4.48%4.4807% | ↗ |
syrupUSDC / RLUSD Maple | Lending floating | EulerEthereum | $168.9K$168,947 | $125 | 6.92%6.9231% | ↗ |
syrupUSDC / USDC Maple | Lending floating | Morpho Arbitrum | $45.7K$45,706 | $35.6K$35,591 | 6.46%6.4642% | ↗ |
syrupUSDC / USDC Maple | Lending floating | Morpho Arc | $2.3M$2,282,219 | $2.0M$1,954,947 | 12.09%12.091% | ↗ |
syrupUSDC / USDC Maple | Lending floating | MorphoEthereum | $30.2K$30,195 | $24.9K$24,912 | 6.31%6.3117% | ↗ |
syrupUSDC / USDC Maple | Lending floating | EulerEthereum | $168.9K$168,947 | $140.6K$140,596 | 3.99%3.9905% | ↗ |
syrupUSDC / USDT0 Maple | Lending floating | MorphoArbitrum | $1.2K$1,188 | $1.0K$1,011 | 0.05%0.0536% | ↗ |
syrupUSDG / USDG Maple | Lending floating | MorphoArbitrum | $132M$131,790,229 | $117M$117,360,538 | 3.72%3.7213% | ↗ |
syrupUSDG / USDG Maple | Lending floating | Morpho Robinhood | $102M$101,586,256 | $90.4M$90,399,686 | 4.32%4.3195% | ↗ |
About this data
Sources: Morpho, Kamino, Aave and Euler APIs, Curvance onchain reader (lending), Pendle and Exponent APIs (fixed yield), onchain share prices and supply (tranches), the hand-kept holder list (holders, not sized yet).
Loops: the borrow rate is averaged by debt. Kamino doesn’t publish a net yield for loops.