BTC / USD · class
Collateral
Loan denomination
These are USD rates, comparable to any other USD loan. Collateral is the other axis.
Minted
Open-ended credit where the dollars are minted rather than borrowed from a supplier, at a rate set by governance vote. There is no lender, so there is no lend rate.
open-endedvariableadministered
Lookback curve — by averaging window
x-axis: lookback_window · borrow and lend rate
Collecting — minted — no lender exists — the stablecoin is minted against collateral, not supplied
The tenor is an AVERAGING WINDOW, not a maturity. Every constituent pool is open-term floating and no borrower agreed a term, so a rising curve means rates were higher further back — not a term premium.
Rate history — by date
Range:
Minted
Reference
Basis · 0d
matched basis · borrow solid, lend muted
quality
Liquity forks / Threshold
The stability fee as a step chart, because it is a policy rate and should look like one, plus debt-ceiling headroom.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.
Sky (Maker)
The stability fee as a step chart, because it is a policy rate and should look like one, plus debt-ceiling headroom.
The figures behind this panel are read live and are not part of the static copy of this page. What is held behind each input, and what is not, is stated with them.