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. | |
|---|---|---|---|---|---|---|
 PT-reUSD / USDT PT as collateral | Lending floating |  Morpho Ethereum | $19.6M$19,607,269 | $16.2M$16,171,239 | 9.24%9.2379% | ↗ |
 oTFY / USDC Obligate | Lending floating | MorphoEthereum | $3.0M$3,013,043 | $851.4K$851,358 | 8.74%8.735% | ↗ |
 PT-srnOPAL matures 7 Jan 2027 | Fixed yield PT |  PendleEthereum | $76.2K$76,179 | — | 8.68%8.6847% fixed | ↗ |
 PT-srONyc matures 10 Jan 2027 | Fixed yield PT |  Exponent Solana | $1.8M$1,847,964 | — | 8.66%8.6586% fixed | ↗ |
 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% | ↗ |
 PST / USDC Huma | Lending floating | MorphoEthereum | $18.6M$18,572,798 | $14.7M$14,660,046 | 8.35%8.3457% | ↗ |
 mF-ONE / USDC Midas | Lending floating | MorphoEthereum | $24.4M$24,355,706 | $18.5M$18,481,690 | 8.17%8.1713% | ↗ |
ONyc Multiply vaults · 2.2x in use | Lending loop |  KaminoSolana | $115M$114,869,851 | $63.6M$63,613,202 | 8.03%8.0313% borrow | |
ONyc / USDC OnRe Market · 3 reserves | Lending fixed term | KaminoSolana | — | $1.7M$1,744,530 | 8.00%8.0042% / 9.91%9.9109% | |
ONyc OnRe Market | Lending floating | KaminoSolana | $168M$168,456,892 | $95.6M$95,616,690 | 7.93%7.9348% | ↗ |
 vUSD / AUSD Accountable | Lending floating | Morpho Monad | $262.8K$262,828 | $134.8K$134,802 | 7.27%7.2658% | ↗ |
PST Multiply vaults · 3.7x in use | Lending loop | KaminoSolana | $10.5M$10,474,607 | $8.0M$8,017,253 | 7.25%7.2484% borrow | |
PST Huma Market | Lending floating | KaminoSolana | $22.0M$21,980,744 | $16.6M$16,620,248 | 7.24%7.2385% | ↗ |
gAUSD / AUSD Accountable | Lending floating |  EulerMonad | $25.0M$24,976,131 | $14.5M$14,507,815 | 7.13%7.1298% | ↗ |
reUSD / reUSDe Re | Tranches senior / junior |  ReEthereum | $414M$413,766,111 | — | 7.10%7.0957% / 12.55%12.5455% | ↗ |
ONyc / USDG OnRe Market · 1 reserve | Lending fixed 30d | KaminoSolana | — | $14.9M$14,918,111 | 7.00%7.0044% | |
 syrupUSDC / RLUSD Maple | Lending floating | EulerEthereum | $168.9K$168,947 | $125 | 6.92%6.9231% | ↗ |
nALPHA / USDC Plume Vaults | Lending floating | MorphoEthereum | $2.9M$2,937,318 | $2.3M$2,349,776 | 6.80%6.7966% | ↗ |
 USD3 / USDC 3Jane | Lending floating | MorphoEthereum | $11.7M$11,667,920 | $10.2M$10,214,994 | 6.72%6.7219% | ↗ |
PST / PYUSD Huma | Lending floating | MorphoEthereum | $112M$112,358,695 | $75.6M$75,639,952 | 6.71% | ↗ |
mGLO / USDC Midas | Lending floating | Morpho Base | $6.0M$6,021,321 | $5.2M$5,194,893 | 6.62%6.6247% | ↗ |
PST / AUSD Huma | Lending floating | MorphoEthereum | $5.3M$5,327,773 | $4.3M$4,277,942 | 6.62%6.6156% | ↗ |
USD3 / sUSD3 3Jane | Tranches senior / junior |  3JaneEthereum | $115M$115,005,029 | — | 6.56%6.5562% / 13.89%13.8878% | ↗ |
 AA_FalconXUSDC / USDC Pareto | Lending floating | MorphoEthereum | $6.9M$6,918,553 | $4.8M$4,834,314 | 6.55%6.5492% | ↗ |
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.