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Key Borrow Metrics ​

In the Markets table, you’ll see these fields for each asset:

  • Borrow: How much of the asset is currently borrowed from the pool.
  • Borrow APY: The current annualized interest rate borrowers pay. It changes with market conditions, especially utilization. If utilization rises, borrowing becomes more expensive.
  • Utilization: How much of the pool is currently borrowed. Higher utilization means higher rates.
  • Open LTV: The percentage (< 100%) of the particular collateral value that adds to the borrow limit (i.e., the max possible value of assets you can borrow together) for the given asset you are supplying (or using as a ‘Collateral Only’ option). If you’re only supplying, this is mostly for informational purposes.
  • Close LTV: Same as Open LTV (mustn’t be smaller than it) but used as a criterion for liquidation. The difference between close and open LTVs for assets that you’ve deposited (or provided as a ‘Collateral Only’) acts as a safety buffer against the collateral asset price fluctuations.
  • Liability Factor: The percentage (>= 100%) of the particular borrowed value that is taken from the borrowing limit. For volatile assets that can be borrowed, this acts as an additional safety buffer.