Market › ETH → USD
ETH → USD
Ether collateral, USD borrowed: every venue that lends dollars against ether, each on its own row. The venues form their rates differently, so they sit side by side and are not averaged into one rate.
ETH collateral
9.42m ETH
$22.98bn at the basket price · + $1.39bn bridged, custody not counted
from 59 of 106 venues
USD debt against ether
$4.49bn
loans in dollars or dollar-pegged stablecoins
from 28 of 106 venues
Aggregate LTV
24.4%
converted at the day's USD and ETH rates
from 28 of 106 venues
Borrow rate (USD loans)
4.87%
paid in US dollars
from 61 of 106 venues
Lend rate (USD loans)
3.15%
earned in US dollars
from 51 of 106 venues
Liquidates at
$1,163 / ETH
the priced books taken as one position, not a forecast
from 17 of 106 venues
As of 2026-10-16 · credit secured by ether is never added to credit secured by bitcoin.
Venues lending dollars against ether — alphabetical, not a ranking
These are not like-for-like, and they are not in one unit. Pooled and isolated rates are continuously compounded and float with utilisation; posted cards are the desks' own APRs; CDP rows are the ether tree's venue rates. Read rate.basis, rate.kind and term.match on every row before placing two in one column.
| Venue | Class | Borrow rate | Basis | Max LTV | Realised LTV | Collateral taken |
|---|---|---|---|---|---|---|
| Aave v2 (Avalanche) | Algorithmic | its ether ($1m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Aave v2 (Ethereum) | Algorithmic | 10.74% | continuously_compounded · observed | — | — | — |
| Aave v2 (Polygon) | Algorithmic | 17.25% | continuously_compounded · observed | — | — | — |
| Aave v3 (Arbitrum) | Algorithmic | 3.56% | continuously_compounded · observed | 80.0% | 21.5% | weETH,WETH,wstETH |
| Aave v3 (Avalanche) | Algorithmic | its ether ($24m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Aave v3 (Base) | Algorithmic | 4.71% | continuously_compounded · observed | 80.0% | 14.7% | cbETH,weETH,WETH,wstETH |
| Aave v3 (BSC) | Algorithmic | its ether ($22m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Aave v3 (Celo) | Algorithmic | its ether ($2m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Aave v3 (Ethereum) | Algorithmic | 4.32% | continuously_compounded · observed | 80.5% | 21.8% | cbETH,rETH,weETH,WETH,wstETH |
| Aave v3 (Gnosis) | Algorithmic | no rate read | — | — | — | |
| Aave v3 (Linea) | Algorithmic | 5.28% | continuously_compounded · observed | — | 9.5% | — |
| Aave v3 (Mantle) | Algorithmic | 3.92% | continuously_compounded · observed | — | 30.8% | — |
| Aave v3 (MegaETH) | Algorithmic | 6.94% | continuously_compounded · observed | — | 10.8% | — |
| Aave v3 (Monad) | Algorithmic | 6.95% | continuously_compounded · observed | — | — | — |
| Aave v3 (Optimism) | Algorithmic | 5.29% | continuously_compounded · observed | 80.0% | 17.0% | WETH,wstETH |
| Aave v3 (Polygon) | Algorithmic | 6.59% | continuously_compounded · observed | 80.0% | — | WETH |
| Aave v3 (Sonic) | Algorithmic | its ether ($1m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Aave v3 (X Layer) | Algorithmic | its ether ($4m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Aave v4 (Avalanche) | Algorithmic | its ether ($2m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Aave v4 (Ethereum) | Algorithmic | 4.24% | continuously_compounded · observed | — | 27.6% | — |
| Arcadia v2 (Base) | Algorithmic | 11.78% | continuously_compounded · observed | — | — | — |
| Arcadia v2 (Optimism) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Arch | Posted card | 10.49% | as_published_apr · administered | 55.0% | 55.0% | eth |
| BENQI Lending (Avalanche) | Algorithmic | its ether ($3m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Compound v3 (Arbitrum) | Algorithmic | 3.65% | continuously_compounded · observed | — | — | — |
| Compound v3 (Base) | Algorithmic | 5.77% | continuously_compounded · observed | — | — | — |
| Compound v3 (Ethereum) | Algorithmic | 8.16% | continuously_compounded · observed | — | — | — |
| Compound v3 (Optimism) | Algorithmic | 5.61% | continuously_compounded · observed | — | — | — |
| Compound v3 (Polygon) | Algorithmic | 3.15% | continuously_compounded · observed | — | — | — |
| Compound v3 (Scroll) | Algorithmic | no rate read | — | — | — | |
| crvUSD (Ethereum) | Minted | 3.40% | continuously_compounded · exact | — | 50.7% | SFRXETH,WEETH,WETH,WSTETH |
| Curvance (Monad) | Algorithmic | its ether ($14,855) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Curve LlamaLend (Arbitrum) | Algorithmic | 4.56% | continuously_compounded · exact | — | 41.1% | WETH |
| Curve LlamaLend (Ethereum) | Algorithmic | 2.32% | continuously_compounded · exact | — | 50.0% | WETH,WSTETH,YNETH |
| Curve LlamaLend (Fraxtal) | Algorithmic | 2.00% | continuously_compounded · exact | — | 5.1% | SFRXETH |
| Curve LlamaLend (Optimism) | Algorithmic | 13.37% | continuously_compounded · exact | — | 59.3% | WSTETH |
| Dolomite (Arbitrum) | Algorithmic | 7.80% | continuously_compounded · observed | — | — | — |
| Dolomite (Berachain) | Algorithmic | 6.87% | continuously_compounded · observed | — | — | — |
| Dolomite (Ethereum) | Algorithmic | 4.80% | continuously_compounded · observed | — | — | — |
| EtherFi Borrowing (Optimism) | Algorithmic | 4.00% | continuously_compounded · observed | — | — | — |
| Euler v2 (Arbitrum) | Algorithmic | 6.85% | continuously_compounded · observed | — | — | — |
| Euler v2 (Avalanche) | Algorithmic | its ether ($13,905) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Euler v2 (Base) | Algorithmic | 7.78% | continuously_compounded · observed | — | — | — |
| Euler v2 (Ethereum) | Algorithmic | 3.56% | continuously_compounded · observed | — | — | — |
| Euler v2 (Hyperliquid L1) | Algorithmic | its ether ($30,917) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Euler v2 (Linea) | Algorithmic | no rate read | — | — | — | |
| Euler v2 (Monad) | Algorithmic | 7.66% | continuously_compounded · observed | — | — | — |
| Euler v2 (Unichain) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Exactly (Optimism) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Extra Finance xLend (Base) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Extra Finance xLend (Optimism) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Figure | Posted card | 10.00% | as_published_apr · administered | 75.0% | 75.0% | eth |
| Fira (Ethereum) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Fluid Lending (Arbitrum) | Algorithmic | 6.75% | continuously_compounded · exact | — | 43.1% | ETH,WEETH,WSTETH |
| Fluid Lending (Base) | Algorithmic | 7.11% | continuously_compounded · exact | — | 37.7% | CBETH,ETH,WEETH,WSTETH |
| Fluid Lending (Ethereum) | Algorithmic | 6.89% | continuously_compounded · exact | — | 53.2% | ETH,WEETH,WEETHS,WSTETH |
| Fluid Lending (Plasma) | Algorithmic | no rate read | — | — | — | |
| Fluid Lending (Polygon) | Algorithmic | 4.22% | continuously_compounded · exact | — | 43.2% | WETH |
| Folks Finance xChain (Arbitrum) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Folks Finance xChain (Avalanche) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Folks Finance xChain (Base) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Folks Finance xChain (Ethereum) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Folks Finance xChain (Monad) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Folks Finance xChain (Polygon) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Frankencoin (Ethereum) | Minted | no rate read | — | — | LSETH,WETH,WSTETH | |
| Fraxlend (Ethereum) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Fraxlend (Fraxtal) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Galaxy Digital | Posted card | No posted card this estate can read. Galaxy's institutional lending is negotiated per counterparty, which is `bilateral_unpublished` in the same sense as Maple — a rate exists per loan and none of them is quotable to a named borrower. A retail BTC-collateralised credit line was announced 2026-08-25 and is not yet read here. | — | — | — | |
| Gearbox (Ethereum) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| HyperLend Pooled (Hyperliquid L1) | Algorithmic | its ether ($7m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| HypurrFi Pooled (Hyperliquid L1) | Algorithmic | its ether ($161,986) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Inverse Finance FiRM (Ethereum) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| JustLend v1 (Tron) | Algorithmic | its ether ($1.18bn) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Kamino Lend (Solana) | Algorithmic | its ether ($3m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Kinetic (Flare) | Algorithmic | its ether ($2m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Kinza Finance (BSC) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| LayerBank (Movement) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Liquity v1 (Ethereum) | Minted | no rate read | — | 14.8% | ETH | |
| Liquity v2 (Ethereum) | Minted | 3.39% | continuously_compounded · exact | — | 39.7% | RETH,WETH,WSTETH |
| Lista CDP (BSC) | Algorithmic | its ether ($789,372) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Milo | Posted card | 10.75% | as_published_apr · administered | 50.0% | 50.0% | eth |
| Moonwell Lending (Base) | Algorithmic | 26.25% | continuously_compounded · observed | — | — | — |
| Moonwell Lending (Moonbeam) | Algorithmic | its ether ($22,397) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Moonwell Lending (Optimism) | Algorithmic | no rate read | — | — | — | |
| Morpho Blue (Arbitrum) | Algorithmic | 3.50% | continuously_compounded · observed | 86.0% | 47.0% | wstETH |
| Morpho Blue (Base) | Algorithmic | 5.06% | continuously_compounded · observed | 86.0% | 46.4% | WETH |
| Morpho Blue (Ethereum) | Algorithmic | 2.97% | continuously_compounded · observed | 86.0% | 43.4% | wstETH |
| Morpho Blue (Hyperliquid L1) | Algorithmic | its ether ($178,249) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Morpho Blue (Katana) | Algorithmic | its ether ($11m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Morpho Blue (Monad) | Algorithmic | 2.84% | continuously_compounded · exact | — | 45.3% | WETH |
| Morpho Blue (Optimism) | Algorithmic | 10.11% | continuously_compounded · exact | — | 28.2% | WETH,WSTETH |
| Morpho Blue (Robinhood Chain) | Algorithmic | no rate read | — | — | — | |
| Morpho Blue (Unichain) | Algorithmic | 7.10% | continuously_compounded · exact | — | 43.5% | WETH,WSTETH |
| NAVI Lending (Sui) | Algorithmic | its ether ($2m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Neverland (Monad) | Algorithmic | 5.95% | continuously_compounded · observed | — | — | — |
| Nexo | Posted card | 17.90% | as_published_apr · administered | 50.0% | 50.0% | eth |
| SALT | Posted card | 8.75% | as_published_apr · administered | 50.0% | 50.0% | eth |
| Save (Solana) | Algorithmic | its ether ($332,024) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Scallop Lend (Sui) | Algorithmic | 7.97% | continuously_compounded · observed | — | — | — |
| Sky (Ethereum) | Minted | 9.94% | continuously_compounded · exact | — | 26.4% | WETH,WSTETH |
| SparkLend (Ethereum) | Algorithmic | 4.26% | continuously_compounded · observed | — | 24.5% | — |
| Tectonic (Cronos) | Algorithmic | its ether ($4m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
| Tender Finance (Arbitrum) | Algorithmic | No USD-denominated pool for this venue is in the publishable data on the latest date. | — | — | — | |
| Tydro (Ink) | Algorithmic | 6.30% | continuously_compounded · observed | — | 35.1% | — |
| UwU Lend (Ethereum) | Algorithmic | no rate read | — | — | — | |
| Venus Core Pool (BSC) | Algorithmic | its ether ($71m) is in tokens or on a chain whose custody does not count as ether collateral | — | — | — | |
Ask for this by machine
| REST | GET https://api.bitcoincreditstack.com/v1/market/tree?collateral=eth GET https://api.bitcoincreditstack.com/v1/venues/compare?pair=eth-usd&collateral=eth |
|---|---|
| MCP | compare_venues({ collateral: "eth" }) |
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