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META vault shares → USDG
Lent to this market Lent to this marketUSDG that lenders have put into this market. Borrowers draw from it and pay interest on what they use.600.3738.07% currently borrowed Currently borrowedThe share of lent USDG that borrowers are using right now. When most of it is borrowed, withdrawals for lenders can be limited.
Borrowed BorrowedUSDG that all borrowers in this market currently owe, including interest. Not just yours.228.57Including interest
Available to borrow Available to borrowUSDG in this market that nobody has borrowed yet. New loans and lender withdrawals are limited to this amount, and both also need a current share price and an open market.371.83Not yet lent out
Borrowers pay Borrowers payThe current interest rate on loans. It changes with how much of the market is borrowed. Interest is added to what you owe; nothing is taken from your shares automatically.—Variable APR Variable APRAnnual rate at today’s conditions. It moves as borrowing in the market rises or falls, so the rate you see now is not a promise for the year.
Lenders earn Lenders earnThe current rate paid to lenders, after the market’s reserve. It is variable and not a forecast.—Variable APR Variable APRAnnual rate at today’s conditions. It moves as borrowing in the market rises or falls, so the rate you see now is not a promise for the year.
Your loan
Nothing locked or borrowed yet in this market.
Lock some META vault shares to start. They keep earning while locked.
Locked vault shares Locked vault sharesVault shares you hand to the market while you have a loan. They keep earning vault fees, but you can’t withdraw or sell them until the loan is repaid.0.0000≈ 0.00 USDG today
You owe You oweYour loan plus the interest that has built up so far. Repay any amount at any time.0.00 USDGNo interest building
You can still borrow You can still borrowHow much more USDG you could borrow right now: up to the borrow limit of your locked shares’ value, limited by the USDG available in the market.0.00 USDGUp to 40% of share value
Worked example: locking shares worth 1,000 USDG lets you borrow up to 400 USDG. Your loan could be liquidated only if those shares fell to about 727 USDG while you still owed the full amount.
Show the numbers behind this
Loan-to-value Loan-to-value (LTV)What you owe divided by what your locked shares are worth. You can borrow up to the borrow limit. At the liquidation threshold, your loan can be liquidated.—
Health factor Health factorA second way to read loan health: locked-share value × liquidation threshold ÷ what you owe. Above 1.00 the loan is safe from liquidation; at 1.00 it can be liquidated.No debtLiquidation at 1.00
Borrow limit40%Of locked-share value
Liquidation threshold LiquidationIf your shares’ value drops so much that your loan reaches the liquidation threshold, anyone can repay your loan by selling some of your shares, keeping a bonus. You keep what is left.55%
Interest rate—Variable APR
Before you sign
Checked again the moment you confirm.
Price used for loans Price used for loansThe market values vault shares slightly below the current market price on purpose, so a small dip does not immediately put loans at risk.AvailableA little below market, on purpose
Withdrawal priceAvailableUsed when shares are unlocked or sold
New loansOpenMarket is active
Every transaction is simulated against the live market before your wallet opens. If anything changed, you see it here first.
Liquidation
If your locked shares lose enough value that your loan reaches 55% of it, anyone may repay your loan by selling some of your shares, keeping a bonus. You keep the rest. Repaying part of the loan or locking more shares moves you away from that point. An oracle outage or thin onchain liquidity can delay execution.
Vault fees earned by your shares raise their value, but they never repay the loan on their own. Interest continues during a delay and losses beyond available reserves can reduce depositor value.