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BTC/USDC

TVL

$10.0M

Utilization

90%

Borrow Rate

4.25%

Pre-Launch Market

This market is not yet live. All figures are projections based on planned parameters.

BTC
USDC

BTC/USDC

Pre-launchCanton NetworkCenote

Borrow USDC using BTC as collateral

Market Size

$10.0M

Total Borrowed

$9.0M

Available

$1.0M

Utilization

90%

Borrow Rate

4.25%

Total Collateral

$11.7M

Total Borrow

$9.0M

Available Liquidity

$1.0M

Utilization

90%

Borrow APR

4.25%

Supply APR

3.25%

Oracle Price

$97,036

Liquidity Utilization90% utilized
Interest Rate Model
Interest Rate Model
4.25% borrow/3.25% supply
USDC marketBorrow APRSupply APYKink 90%
RATE (%)
UTILIZATION (%)

@ Kink (90%)

4.25% / 3.25%

@ Projected (90%)

4.25% / 3.25%

@ Max (100%)

18% / 15%

Protocol Take

15%

Projected Utilization

90%

Kink Point

90%

High Slope

138%

Liquidity Distribution
$1000K totalTop 5: 86.5%
$252K(25.2%)
$243K(24.3%)
$146K(14.6%)
$115K(11.5%)
$109K(10.9%)
$70K(7.0%)
$65K(6.5%)
Position 125.2%
Position 224.3%
Position 314.6%
Position 411.5%
Position 510.9%
Position 67.0%
Position 76.5%
Liquidation MonitoringSample Data

Collateral Health Distribution

Health RangePositionsBorrow Value
1.0 – 1.054$35K
1.05 – 1.19$175K
1.1 – 1.2532$862K
1.25 – 1.597$2.9M
1.5+261$5.3M

At-Risk Collateral — If BTC price drops

Price DropCollateral LiquidatedPositions
-2%$70K1
-5%$268K3
-10%$591K12
-15%$1.1M15
-20%$1.5M31
-30%$3.2M69

Position-level data is privacy-protected. Only aggregate metrics are shown.

Recent Liquidations
TimeCollateral LiquidatedLoan RepaidPenalty
3 days ago0.2121 BTC$20K5%
4 days ago0.2985 BTC$28K5%
15 days ago0.3488 BTC$32K5%
24 days ago0.1847 BTC$17K5%
25 days ago0.2267 BTC$21K5%
28 days ago0.4186 BTC$39K5%
Recent Activity
RepayUSDC
$23Kabout 6 hours ago
RepayUSDC
$39Kabout 8 hours ago
BorrowUSDC
$8Kabout 9 hours ago
WithdrawUSDC
$25Kabout 9 hours ago
RepayUSDC
$17Kabout 9 hours ago
WithdrawUSDC
$37Kabout 10 hours ago
SupplyUSDC
$44Kabout 12 hours ago
WithdrawUSDC
$21Kabout 13 hours ago
RepayUSDC
$11Kabout 13 hours ago
Supply CollateralBTC
$21Kabout 14 hours ago
RepayUSDC
$14Kabout 14 hours ago
RepayUSDC
$11Kabout 14 hours ago
RepayUSDC
$17Kabout 15 hours ago
WithdrawUSDC
$47Kabout 15 hours ago
SupplyUSDC
$36Kabout 15 hours ago
RepayUSDC
$13Kabout 15 hours ago
Supply CollateralBTC
$9Kabout 15 hours ago
SupplyUSDC
$8Kabout 19 hours ago
BorrowUSDC
$42Kabout 21 hours ago
BorrowUSDC
$20Kabout 23 hours ago
Supply / Withdraw
Balance: $25K
Supply APR3.25%
Monthly Earnings$0
Yearly Earnings$0
Available Liquidity$90.0M

Collateral / Repay

Balance: $2
Borrow APR4.25%
LTV77%
Liquidation Threshold82%
Risk Parameters
Liquidation LTV
82%
Max LTV
77%
Liquidation Penalty
5%
Target Utilization
90%
Interest Rate Model
Dynamic Utilization Curve
Oracle
Chainlink BTC/USDC
Oracle Deviation
1% max
Liquidation Risk SimulatorSample Data
Price Drop-5%

If BTC price drops 5%

$268K

collateral liquidated across 3 positions

Post-Liquidation Utilization
90%→87.9%
Oracle
Chainlink
Oracle Price$97,036
Market Price$96,863
Deviation-0.178%
BTC/USDC · Heartbeat 3600sUpdated 5 minutes ago
Market Participants

Total Borrowers

2,189

Total Suppliers

26

Top Borrower Share

1.15%

Top Supplier Share

32.4%

High supplier concentration — top supplier holds > 30% of liquidity

Smart Contracts
ContractAddressNetwork
Market Contract0x9009...7715Canton
Interest Rate Model0xcba0...5090Canton
Oracle Adapter0x5eb8...c28fCanton
Liquidation Module0x323b...53c5Canton