Extended Lending Market

Extended's native lending market enables users to borrow USDC against supported collateral assets, with borrowing currently limited to covering trading losses and not permitted for withdrawals from the platform. Borrowing is triggered automatically when a user's USDC balance turns negative, provided other eligible collateral is available.

XVS carries a zero interest rate. Other collateral assets have a variable interest rate, determined by both asset-level and overall utilisation of the Extended Vault, with more details in the documentation.

Updated every minute
60.68M USD
Total Supply
302.38K USD
Total Borrowed
0.50%
Global Utilization
10.00%
Optimal Utilization
Assets

Extended Money Market

USDC Borrowing with BTC, ETH and USDT Collateral

Extended Lending is the native money market that supports multi-asset collateral for perpetual trading. Review total supply, total borrowed, market utilization and current USDC borrowing rates across supported collateral markets.

Borrow USDC on Extended

USDC borrowing is used inside Extended against eligible non-stablecoin and stablecoin collateral. Rates depend on both global utilization and asset-specific utilization.

BTC, ETH and USDT Markets

Compare collateral markets and borrowing conditions for BTC, ETH and USDT from one lending dashboard before managing margin on Extended.

Dynamic Borrow Rates

Extended uses utilization-based interest-rate curves, so borrowing costs can change as demand for liquidity changes across the money market.

Extended Lending FAQ

What is Extended Lending?

Extended Lending is the protocol's native money market used to support multi-asset collateral margin and USDC borrowing for perpetual trading.

What can users borrow?

The current money-market implementation centers on USDC borrowing against supported collateral inside Extended.

What affects the USDC borrowing rate?

Borrow rates are driven by both overall vault utilization and utilization against the specific collateral asset.