SPY / USDG
LiveETF · Chainlink feed · liquidation LTV 62.5%
Oracle price
$769.59
Last update
21h ago
Available
$0.00
Borrow APR
0.95%
Max leverage
2.4×
Supply cap
$2,000
SPY price
$769.59
Borrow APY
0.95%-5.12%
Supplied
$0
Utilization
0.0%
What the rate does as the pool fills
at today's curveBorrower pays
2.56%
You earn
1.28%
Per year
$12.81
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 0.00%. Nothing here is subsidised: the borrower's payment is the whole of the lender's yield.
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 SPY 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
- SPY
- Borrowed asset
- USDG
- Token
- 0x117cc2133c37B721F49dE2A7a74833232B3B4C0C
- Price source
- 0x319724394D3A0e3669269846abE664Cd621f9f6A
- Liquidation LTV
- 62.5%
- Highest LTV in this app
- 57.5% — 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.
- Soft liquidation
- 0x7A0A8B48FDcf7577A04F08D113aB40aD9E7d417e — opt in, and between 57.5% and 62.5% LTV the position is trimmed at a 2–4% penalty instead of the full ~12.7% incentive.
What liquidation means here
If the debt rises above 62.5% 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.
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.