Auction
Rates discovered by competitive bidding, fixed at origination for a fixed term. Both the rate and the maturity are settled before the loan exists.
Dollar loans only: other currencies are separate books, never added in
Debt and rates count loans made in US dollars and dollar stablecoins. Loans in euros, francs, yen, ether or bitcoin itself are separate books, shown by currency on each venue, never added in.
| Family | BTC collateral | share | Dollar debt against bitcoin | share | LTV | Borrow | Lend | Liquidates at | Threshold (LTV) |
|---|---|---|---|---|---|---|---|---|---|
| The Gavel Protocol › | 0.4647 BTC | 100% | $17k | 100% | 45.6% | 5.50% | 5.50% | — |
Ordered by debt, never by a rate; a figure in italics covers part of a book
Ordered by debt against bitcoin, then collateral — never by a rate. Shares are of this class's total, and add up. A figure in italics covers only part of a book — hover for what it leaves out; a dash carries its reason. /v1/market/tree
As of 2026-10-15 · 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. Each point is the mean, over the trailing window, of rates agreed at origination for their own terms. The window is not that term, and this view does not show the terms.
Denominations are different products. btc and usd are different products and are never aggregated. btc = the borrower receives bitcoin; usd = a stablecoin is borrowed against bitcoin collateral.
Its families are listed above. What the endpoint does not serve is how much each venue weighs in the class rate, so this table of what sets the rate is empty: a property of how the class is observed.
Both legs observed. Each row is a mean over its trailing window — not the rate tiles above, which are today's dollar-loan rates weighted by each venue's debt. Wrapper classes: custodial.
| Window (days) | Borrow | Lend | Spread | Pools | Venues | Pool debt (all borrowers) | Supplied |
|---|---|---|---|---|---|---|---|
| 7 | 5.63% | 5.63% | — | 1 | 1 | — | — |
| 14 | 5.54% | 5.54% | — | 1 | 1 | — | — |
| 30 | 5.50% | 5.50% | — | 1 | 1 | — | — |
| 60 | 5.35% | 5.35% | — | 1 | 1 | — | — |
| 90 | 4.98% | 4.98% | — | 1 | 1 | — | — |
Ask for this by machine
| REST | GET https://api.bitcoincreditstack.com/v1/market/financing-curve GET https://api.bitcoincreditstack.com/v1/market/tree |
|---|---|
| MCP | get_credit_state() compare_venues({ class: "auction" }) |
The same figures, the same names and dates. Connect your AI →