Datasheet
What this dataset contains, how it was made, how complete it is, and what it will not do — so you can judge it without reading it.
What it is
| Subject | Credit against bitcoin collateral, across every venue class we can observe. The headline figures count loans made in US dollars; loans in euros, francs, yen, ether and bitcoin itself are carried as separate books, by currency, and never added to them. |
|---|---|
| Unit of observation | A venue. Each is described by the same criteria whatever its class. |
| Classes covered | On-chain protocols (pooled, isolated, CDP), auction venues, CeFi desks, the corporate layer, brokers, derivatives. |
| Criteria | Three pillars — Price, Quality, Composition — published and versioned before any venue was measured against them. Methodology. |
| Per-cell provenance | Every criterion value carries the kind of source it came from, the source, and an as-of date. |
| Last read | 2026-10-16 |
How complete it is
| Venues in the registry | 135 |
|---|---|
| Publishing figures | 102 of 135 venues publish at least one figure — a price, a collateral reading or a book. Counted from the figures, not from a venue's status. |
| Criteria researched | 95 venues are researched in full, and 95 of them have a value written in all 10 cells. 85 have 9 of 10 established and 7 have 8. Book depth — distinct counterparties and concentration — is the cell almost no venue can establish: it reads unknown (reason), a gap in this dataset rather than in the venue. Where a second cell is missing it is track record, on failed and derivative venues never observed trading. 40 further venues are listed: below the research floor, published but not researched (11 of them were researched before the floor was drawn, and keep their cells). |
| Contributing to the surface | 85 of 128 venues (66.4%). The 128 are the registry's bitcoin-scope venues that are not defunct or retired; the 7 outside are BlockFi (defunct), Celsius Network (defunct), Cred (defunct), Genesis Global Capital (defunct), Hodlnaut (defunct), Vauld (defunct), Voyager Digital (defunct). |
| Named as absent | Asymmetry USDaf (Ethereum), Avalon Finance (BOB), Fidelity, Interactive Brokers, Charles Schwab, Arch, Cantor Fitzgerald, Coinbase (Morpho-backed), Figure, Galaxy Digital, Ledn, Milo, Nexo, SALT, Strike, Tether (secured loans), Two Prime, Unchained, Xapo Bank, Colend Protocol (CORE), Capital B, MARA Holdings, Metaplanet, Riot Platforms, Strategy (MicroStrategy), Strive, Euler v2 (Unichain), Exactly (Optimism), Extra Finance xLend (Base), Extra Finance xLend (Optimism), Fira (Ethereum), Folks Finance xChain (Avalanche), Folks Finance xChain (Base), Folks Finance xChain (Ethereum), Folks Finance xChain (Monad), JustLend v1 (Tron), Kinza Finance (BSC), LayerBank (Movement), Maple Institutional Secured Lending (Ethereum), Silo v2 (Avalanche), Silo v2 (Sonic), Tender Finance (Arbitrum), Zentra Finance (Citrea) |
Limitations, stated plainly
- Coverage is partial and uneven. 29 of 135 venues sit below the research floor with no researched criteria. Among the rest, book depth is established for almost none, and a desk's or issuer's cells often read
undisclosed— the venue does not publish the answer. A venue with unresearched or undisclosed cells is not a venue with nothing to report; the cell says which it is. - Some series are narrower than the market. The composition and flow series are computed from Morpho Blue only, on Ethereum and Base, and say so in their own payloads. They are not market-wide and must not be quoted as such.
- Absence is not zero. A venue missing from a reading is a declared gap in observation. We name the absentees rather than letting a percentage imply they were measured and found empty.
- Classes are not like-for-like. A fixed-term auction rate and a variable pooled rate are different objects. Cross-venue rows carry a caveat saying so; read it before placing them in one column.
- Source kinds differ systematically by class. An on-chain venue's admin map is checkable; a CeFi desk's terms are its own statements. That difference is recorded per cell, and is itself one of the deepest comparisons here.
What it refuses to do
No composite score. No ranking. No default ordering by rate. No safety verdict on any venue. None of these will be added — they are not missing features. A reader weighs the criteria; this dataset does not weigh them for the reader, and a single number would make it a benchmark rather than a description.
How to get it
| MCP (read-only) | https://mcp.bitcoincreditstack.com/mcp — read-only tools; there are no write tools. |
|---|---|
| REST | https://api.bitcoincreditstack.com/v1 |
| Endpoint index | /endpoints.json |
| Machine index | /llms-full.txt — every venue, by class. |
| Sitemap | /sitemap.xml |
Re-use
The licence is drafted and with counsel — see Legal. Until it is published, no licence is asserted and none is implied. There is deliberately no machine-readable license field in this page's structured data either: asserting one in schema before publishing it would be publishing it.
Canonical: https://www.bitcoincreditstack.com/data