{"source":"BoB DeFi Bitcoin Rate Index, borrow/on/bitcoin","description":"Aggregated onchain (DeFi) borrow-market statistics: variable USDC borrow rate against wrapped Bitcoin across permissionless lending protocols (Morpho, Aave, Compound, Euler, Dolomite, Benqi). Snapshotted daily at 14:00 UTC. Distinct from the centralized /market-snapshot.json (custodial lenders).","summary":"As of 2026-09-11, DeFi protocols average 4.65% variable APR to borrow USDC against wrapped Bitcoin (range 1.45%-8.26%, median 5.41%) across 16 USDC markets on 11 protocols, average utilization 90%. This is the onchain (DeFi) index; rates are variable. Source: BoB DeFi Bitcoin Rate Index, borrowonbitcoin.com.","index_type":"DeFi / onchain (permissionless protocols), NOT the centralized lender index","url":"https://borrowonbitcoin.com/rates","methodology_url":"https://borrowonbitcoin.com/defi-loans/methodology","history_url":"https://borrowonbitcoin.com/defi-rates-history.json","currency":"USD","metric_basis":"TVL-weighted average variable borrow rate (APR%) for USDC across active DeFi markets, shared pools counted once","rate_nature":"variable","average_apr":4.65,"lowest_apr":1.45,"median_apr":5.41,"highest_apr":8.26,"average_utilization_pct":90,"total_tvl_usd":8428132599,"markets_tracked":25,"protocols_tracked":11,"snapshot_time":"14:00 UTC daily","last_updated":"2026-09-11","attribution":"borrowonbitcoin.com","license":"Free to cite with attribution and a link to borrowonbitcoin.com. No bulk redistribution or resale of the dataset without written permission.","terms_url":"https://borrowonbitcoin.com/terms","dataset_id":"bob-defi-rix-a7c29b41"}