GLD / USDG

Not live

ETF · TWAP · liquidation LTV 38.5%

Oracle price

$403.71

Last update

30m ago

Available

—

Borrow APR

—

Max leverage

1.4×

Supply cap

$25.0K

What the rate does as the pool fills

at today's curve

0%target 90%100%

Utilization is how much of the pool is borrowed. Below 90% the rate falls gently; above it the curve steepens hard, which is what pulls new deposits in and pushes borrowers to repay. At 0% — where this market stands now — the supply side earns —. Nothing here is subsidised: the borrower's payment is the whole of the lender's yield.

GLD collateral, in USD

$1,000

Borrow at LTV 34%

Capped at 30.5% — a margin below the 38.5% liquidation line.

Debt in USDG: $340
Health factor: 1.13
GLD liquidation price: $356.53
Room before liquidation: 11.7%

Every action is simulated before it reaches your wallet: the health factor and liquidation price above are what you sign against, not an estimate produced afterwards.

You can take your place before the money arrives

Posting collateral does not touch the lending pool, so it works whether there is $0.00 available or nothing at all. Move the LTV slider to zero and the button becomes Post collateral: your GLD goes in, no debt is created, and you owe nothing and pay nothing while you wait. The moment a supplier funds this market you borrow in a single transaction, with no approval, no queue and no allowance to set up again. Withdrawing collateral you never borrowed against is equally unconditional — you are not committing to anything by standing in line.

Info & risk

Collateral: GLD
Borrowed asset: USDG
Token: 0xC9a981FEE1F9DEc688bb123ccDeCc63D0deBFC4e
Price source: —
Liquidation LTV: 38.5%
Highest LTV in this app: 30.5% — a margin below liquidation
Oracle behaviour: Stock feeds run 24/5. The price stands still from Friday close to Monday open; that pause is normal, and the LTV is sized for the Monday gap rather than for a staleness check.

What liquidation means here

If the debt rises above 38.5% of collateral value, anyone may repay part of it and take collateral at a bonus. Cluby runs its own liquidator on a Morpho flash loan so this happens promptly rather than at the worst spread — but it stays open to anyone, which is what makes it reliable.

Priced by a 30-minute TWAP; the pool ring is 1400 slots and has to reach 1,800 before the oracle will build.