Explorer
The whole loan book, open to anyone.
Each loan, the syndicate behind it, its event log and every parameter it runs under. Nothing on this page needs a wallet.
Total originated
295.2K USDC
27 loans
Outstanding
132K USDC
11 live
Participants
26 / 14
lenders / borrowers
Bad debt
0 USDC
3 liquidations, all lenders whole
Loan registry
Every loan on record
Choose a loan to open its syndicate and event log.
| Loan | Collateral | Borrower | Principal | APR | Health | Lenders | Matures | Status |
|---|---|---|---|---|---|---|---|---|
| #0427 | 15 METAx | hwGq…DVSq | 4,500 | 8.96% | 1.63 | 2 | 20 Nov, 04:02 | Active |
| #0426 | 51 SPYx | EVXc…3JEh | 12,000 | 8.52% | 1.98 | 3 | 05 Dec, 03:50 | Active |
| #0425 | 29 AAPLx | CXsS…4aoT | 3,000 | 8.55% | 1.68 | 1 | 18 Nov, 05:50 | Active |
| #0428 | 250 NVDAx | Slcp…v1Jb | 20,000 | 8.82% | 1.62 | 3 | 03 Dec, 06:50 | Active |
| #0421 | 64.5 TSLAx | 6MrZ…Uq2p | 8,800 | 9.93% | 1.80 | 3 | 01 Dec, 12:50 | Active |
| #0419 | 69.5 AAPLx | CXsS…4aoT | 6,500 | 7.96% | 1.85 | 2 | 28 Nov, 11:50 | Active |
| #0422 | 65 GOOGLx | Slcp…v1Jb | 5,000 | 8.20% | 2.27 | 2 | 26 Nov, 12:50 | Active |
| #0417 | 39.5 TSLAx | A4AD…sgx4 | 4,200 | 10.79% | n/a | 2 | 02 Nov, 03:50 | Repaid |
| #0423 | 103 NVDAx | hwGq…DVSq | 9,000 | 8.02% | 1.48 | 3 | 07 Nov, 21:26 | Rollover auction |
| #0424 | 30 TSLAx | FXLg…rtKB | 7,200 | 11.65% | 1.02 | 3 | 22 Nov, 05:50 | Liquidating |
| #0416 | 78.5 SPYx | EVXc…3JEh | 25,000 | 8.97% | n/a | 5 | 01 Nov, 03:50 | Repaid |
| #0420 | 51 METAx | 6MrZ…Uq2p | 14,000 | 8.86% | 1.78 | 4 | 16 Dec, 11:50 | Active |
| #0402 | AAPLx | — | 4,000 | — | — | 2 | 30d | Repaid |
| #0403 | NVDAx | — | 12,500 | — | — | 4 | 30d | Repaid |
| #0404 | SPYx | — | 30,000 | — | — | 6 | 90d | Repaid |
| #0405 | TSLAx | — | 6,000 | — | — | 3 | 14d | Liquidated |
| #0406 | METAx | — | 9,000 | — | — | 3 | 30d | Repaid |
| #0407 | GOOGLx | — | 3,500 | — | — | 1 | 14d | Repaid |
| #0408 | NVDAx | — | 7,500 | — | — | 2 | 30d | Repaid |
| #0409 | AAPLx | — | 15,000 | — | — | 5 | 60d | Repaid |
| #0410 | TSLAx | — | 2,500 | — | — | 2 | 7d | Liquidated |
| #0411 | SPYx | — | 18,000 | — | — | 4 | 30d | Repaid |
| #0412 | METAx | — | 5,000 | — | — | 2 | 14d | Repaid |
| #0413 | NVDAx | — | 11,000 | — | — | 3 | 14d | Liquidated |
| #0414 | AAPLx | — | 2,000 | — | — | 1 | 7d | Repaid |
| #0415 | GOOGLx | — | 8,000 | — | — | 3 | 30d | Repaid |
| #0418 | SPYx | — | 42,000 | — | — | 6 | 90d | Active |
Risk
LTV distribution
Outstanding principal by current LTV, live loans only. Hover a bar for detail.
Tier A max 55%
Liq. 70%
0LTV70%
Risk
Concentration by token
Outstanding principal against each token's exposure cap.
- SPYx54K of 4M
- NVDAx29K of 2M
- METAx18.5K of 1M
- TSLAx16K of 1M
- AAPLx9,500 of 2M
- GOOGLx5,000 of 1M
Recovery
Liquidation history
Every Dutch auction, its clearing price against the oracle, and what went back to the borrower. Lenders have been repaid in full every time.
Protocol
Parameters in force
Terms7d, 14d, 30d, 60d, 90d
Tier A LTVmax 55%, liq. 70%
Tier B LTVmax 45%, liq. 60%
Origination fee0.25%
Interest share10%
Rollover fee0.10%
Minimum interest3 days
Grace window24 h
Auction45 min Dutch
Auction start / floororacle +3% / 70%
Liquidation penalty3%
Rollover cap+4% across 4 h
SettlementUSDC on Solana