auction

1 venues · $0 debt · 30d borrow 5.08%

Rates discovered by competitive bidding, fixed at origination for a fixed term. Both the rate and the maturity are settled before the loan exists.

As of 2026-09-04 · weighting: borrow by borrowed_usd, lend by supplied_usd; spread computed per pool-day then weighted, never as the difference of the two aggregates

The tenor is an averaging window, not a maturity. The tenor is an AVERAGING WINDOW, not a maturity. Every constituent pool is open-term floating and no borrower agreed a term, so a rising curve means rates were higher further back — not a term premium.

Denominations are different products. btc and usd are different products and are never aggregated (v2 V2). btc = the borrower receives bitcoin; usd = a stablecoin is borrowed against bitcoin collateral.

Dollar borrow rate — the class and its largest venues, over time

Collecting — no per-venue rate history is served for this class

The cross-venue surface has a daily series and the financing curve is a current cross-section, but neither carries a rate line per venue. The class and its constituents cannot be drawn against time until one exists.

The class's current cross-section is below, by lookback window. Drawing it on a time axis would say eight averaging windows were twelve months of history.

fill route: runbook_DI1_data_ingestion_coordination_v1.md

Venues — size and criteria coverage

The endpoint publishes this class as an aggregate without a per-venue composition, so there is no constituent list to show. That is a property of how the class is observed, not an empty table.

Denominated in usd

Both legs observed. Wrapper classes: custodial.

Window (days)	Borrow	Lend	Spread	Pools	Venues	Debt	Supplied
7	5.233%	—	—	1	1	$0	$0
14	5.205%	—	—	1	1	$0	$0
30	5.078%	—	—	1	1	$0	$0
60	4.916%	—	—	1	1	$0	$0

Compare these venues on your own terms — LTV, tenor, wrapper — by connecting.Connect your AI ↗