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Markets

What Defines a Market

Every market is configured with:

  • Collateral token: a non-transferable wrapper for a specific RewardVault
  • Loan asset: market-specific (currently USDC only)
  • Oracle: prices the LP collateral using Curve EMA data and Chainlink hop feeds
  • LLTV: the liquidation loan-to-value threshold
  • IRM: the interest rate model for borrowing and lending

These parameters are set at market creation and control the risk profile. Only a small set of handpicked strategies are enabled at launch. Currently, only Morpho Blue is supported as a lending protocol, and a limited selection of curated Stake DAO strategies is enabled for lending.

How to Evaluate a Market

Before borrowing, check the following:

  • Collateral quality: are you comfortable holding the LP token?
  • LLTV: lower LLTV means more buffer against liquidation
  • Borrow rate: how quickly interest accrues
  • Liquidity: is there enough loan asset available to borrow?
  • Oracle path: does the collateral have reliable price feeds?

Where to Find Markets

Markets are listed in the Stake DAO app. Each market page shows:

  • Collateral strategy and LP name
  • Borrow and supply rates
  • LLTV and liquidation parameters
  • Current liquidity and utilization

Market Contracts

For integrations and audits, contract addresses are listed in the Contract Addresses page. Filter by the lending category to see:

  • Wrapper contracts (collateral tokens)
  • Oracle deployments

How Markets Are Added

Markets are enabled only after curation:

  • Strategy and pool risk review
  • Oracle configuration and feed freshness checks
  • Lending protocol parameter selection