{"source":"Bitcoin DeFi Lending by Protocol, borrow/on/bitcoin","description":"Per-protocol roll-up of on-chain Bitcoin lending: total TVL, average variable USDC borrow APR (TVL-weighted), aggregate utilization, total collateral, and total borrowed across the wrapped-BTC markets each DeFi protocol runs (Morpho, Aave, Compound, Euler, Dolomite, Benqi). Snapshotted daily at 14:00 UTC.","index_type":"DeFi / onchain (permissionless protocols), per-protocol aggregation","url":"https://borrowonbitcoin.com/onchain-loans/protocols","methodology_url":"https://borrowonbitcoin.com/onchain-loans/methodology","rate_index_url":"https://borrowonbitcoin.com/onchain-rates","history_csv_url":"https://borrowonbitcoin.com/defi-protocol-index.csv","currency":"USD","rate_nature":"variable","last_updated":"2026-06-25","snapshot_time":"14:00 UTC daily","totals":{"protocols_tracked":6,"markets_tracked":17,"total_tvl_usd":9764111002,"total_collateral_usd":13080185477,"total_borrowed_usd":8285228818,"utilization_pct":85,"avg_borrow_rate_pct":4.07},"protocols":[{"protocol":"aave-v3","name":"Aave v3","markets":4,"networks":["Ethereum","Base"],"collateral_types":["cbBTC","wBTC"],"avg_borrow_rate_pct":3.95,"total_tvl_usd":7052305685,"total_collateral_usd":9167997390,"total_borrowed_usd":5887557392,"utilization_pct":83,"collateral_model":"pooled","tvl_history":[{"captured_on":"2026-06-24","tvl_usd":7045859336},{"captured_on":"2026-06-25","tvl_usd":7052305685}]},{"protocol":"morpho","name":"Morpho","markets":5,"networks":["Ethereum","Base"],"collateral_types":["cbBTC","LBTC"],"avg_borrow_rate_pct":4.75,"total_tvl_usd":1645639147,"total_collateral_usd":2526172065,"total_borrowed_usd":1459821495,"utilization_pct":89,"collateral_model":"isolated","tvl_history":[{"captured_on":"2026-06-24","tvl_usd":1655573721},{"captured_on":"2026-06-25","tvl_usd":1645639147}]},{"protocol":"compound-v3","name":"Compound v3","markets":3,"networks":["Ethereum","Base"],"collateral_types":["cbBTC","wBTC"],"avg_borrow_rate_pct":3.94,"total_tvl_usd":661985376,"total_collateral_usd":860580990,"total_borrowed_usd":581964589,"utilization_pct":88,"collateral_model":"isolated","tvl_history":[{"captured_on":"2026-06-24","tvl_usd":662641661},{"captured_on":"2026-06-25","tvl_usd":661985376}]},{"protocol":"euler-v2","name":"Euler v2","markets":3,"networks":["Ethereum"],"collateral_types":["LBTC","SolvBTC","cbBTC"],"avg_borrow_rate_pct":3.56,"total_tvl_usd":380990121,"total_collateral_usd":495287157,"total_borrowed_usd":339212256,"utilization_pct":89,"collateral_model":"isolated","tvl_history":[{"captured_on":"2026-06-24","tvl_usd":392646180},{"captured_on":"2026-06-25","tvl_usd":380990121}]},{"protocol":"benqi","name":"Benqi","markets":1,"networks":["Avalanche"],"collateral_types":["BTC.b"],"avg_borrow_rate_pct":5.76,"total_tvl_usd":18960294,"total_collateral_usd":24648382,"total_borrowed_usd":13658528,"utilization_pct":72,"collateral_model":"pooled","tvl_history":[{"captured_on":"2026-06-24","tvl_usd":19084140},{"captured_on":"2026-06-25","tvl_usd":18960294}]},{"protocol":"dolomite","name":"Dolomite","markets":1,"networks":["Arbitrum"],"collateral_types":["wBTC"],"avg_borrow_rate_pct":8.14,"total_tvl_usd":4230379,"total_collateral_usd":5499493,"total_borrowed_usd":3014558,"utilization_pct":71,"collateral_model":"isolated","tvl_history":[{"captured_on":"2026-06-24","tvl_usd":4248978},{"captured_on":"2026-06-25","tvl_usd":4230379}]}],"history_daily_totals":[{"captured_on":"2026-06-24","total_tvl_usd":9780054016,"total_collateral_usd":null,"total_borrowed_usd":8301562140,"avg_borrow_rate_pct":4.13,"utilization_pct":85},{"captured_on":"2026-06-25","total_tvl_usd":9764111002,"total_collateral_usd":null,"total_borrowed_usd":8305844709,"avg_borrow_rate_pct":4.12,"utilization_pct":85}],"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-protocols-9f31c0d2"}