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. | |
|---|---|---|---|---|---|---|
 syrupUSDC Maple Market | Lending floating |  Kamino Solana | $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 | |
 sUSDat / USDT Saturn | Lending floating |  Morpho Ethereum | $172.5K$172,529 | $138.4K$138,356 | 4.36%4.3582% | ↗ |
sUSDat / USDC Saturn | Lending floating | MorphoEthereum | $45.1K$45,069 | $31.7K$31,671 | 8.61%8.6146% | ↗ |
sUSDat / AUSD Saturn | Lending floating | MorphoEthereum | $188.0K$187,993 | $87.4K$87,438 | 8.55%8.5498% | ↗ |
Strategy vaults Plume Nest · Yearn · OpenTrade | Holders one deposit, many tokens | 3 vaults | sizing next | — | — | |
Stablecoin backing Grove / Sky · Ethena · Noon · infiniFi · Resolv · Falcon | Holders reserves | 6 issuers | sizing next | — | — | |
 srPRIME / jrPRIME Strata | Tranches senior / junior |  StrataEthereum | $367.3K$367,295 | — | 5.75%5.7491% / 6.26%6.2553% | ↗ |
 srnOPAL / jrnOPAL Strata | Tranches senior / junior | StrataEthereum | $415.0K$414,952 | — | 9.29%9.292% / 12.95%12.9507% | ↗ |
 solmF-One MF-ONE Market | Lending floating | KaminoSolana | $4.4M$4,444,264 | $2.4M$2,352,339 | 5.58%5.5779% | ↗ |
 reUSDe / USDC Re | Lending floating | MorphoEthereum | $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% | ↗ |
reUSDe / reUSD Re | Lending floating | EulerEthereum | $225.5K$225,544 | $0 | 0.00%0% | ↗ |
reUSD / USDT Re | Lending floating | MorphoEthereum | $1.3M$1,294,210 | $1.2M$1,155,927 | 6.01%6.0121% | ↗ |
reUSD / USDC Re | Lending floating | MorphoEthereum | $8.0M$7,991,536 | $7.1M$7,135,047 | 6.53%6.533% | ↗ |
reUSD / USDC Re | Lending floating | EulerBase | $510.9K$510,870 | $433.9K$433,929 | 32.76%32.7638% | ↗ |
reUSD / USDC Re | Lending floating | EulerEthereum | $219.7K$219,657 | $200.0K$199,981 | 5.51%5.5064% | ↗ |
reUSD / USDC fixed to 2026-11-27 | Lending fixed | MorphoEthereum | — | $50.3K$50,269 | — fixed | ↗ |
reUSD / USDC fixed to 2026-12-11 | Lending fixed | MorphoEthereum | — | $1.0M$1,049,465 | — fixed | ↗ |
reUSD / reUSDe Re | Tranches senior / junior |  ReEthereum | $414M$413,766,111 | — | 7.10%7.0957% / 12.55%12.5455% | ↗ |
reUSD / AUSD Re | Lending floating | MorphoEthereum | $32.8K$32,779 | $28.5K$28,471 | 4.34%4.3396% | ↗ |
reUSD reUSD Market | Lending floating | KaminoSolana | $9.2M$9,196,541 | $7.1M$7,132,453 | 5.48%5.4839% | ↗ |
reUSD Multiply vaults · 4.1x in use | Lending loop | KaminoSolana | $522.5K$522,487 | $399.7K$399,675 | 5.43%5.434% borrow |
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.