Discover - Find Positions
The Discover page for Lending & Borrowing is your comprehensive gateway to exploring DeFi lending markets across multiple protocols and networks. This powerful analytics dashboard aggregates real-time data from all supported lending protocols, presenting you with a unified view of lending and borrowing opportunities to help you optimize your capital efficiency and yield strategies.
Getting Started
When you first land on the Discover page, you'll see two distinct tabs at the top: Lending and Borrowing. Each tab displays the respective opportunities across the entire ecosystem, with the Lending tab showing supply-side APYs and the Borrowing tab displaying borrow rates. The page aggregates data from major lending protocols, giving you immediate access to hundreds of markets without navigating through multiple platforms.
Key Features and Controls
Search Functionality: At the top of the page, you'll find a search bar labeled "Search for a token to include." This allows you to quickly filter markets containing specific assets you're interested in, whether you're looking to supply collateral or borrow against existing positions.
Filtering Options: The page provides three primary filter controls:
Protocol Filter: This dropdown (labeled "Exchange" in the interface) lets you narrow your search to specific lending protocols. Whether you prefer Aave, Compound, or any other supported protocol, you can isolate markets from your trusted platforms.
Chain Filter: Similar to the protocol filter, this allows you to focus on specific blockchain networks. You can view markets from Ethereum, Arbitrum, Base, or any other supported chain, helping you optimize for gas costs and network preferences.
Calculation Timeframe: Set to "14 days" by default, this crucial setting determines the time period used for calculating average APYs and utilization metrics. You can adjust this to 1, 7, 14, 30, 60, or 90 days to analyze short-term fluctuations or long-term stability.
Reset Filters: A convenient button to quickly clear all applied filters and return to the default view.
Understanding the Data Table
The table presents comprehensive metrics for each lending/borrowing market:
Asset Identification: Each row begins with the asset's symbol and icon (like WETH, USDT, or USDC), clearly showing which token you'd be supplying or borrowing. Protocol and chain indicators help you understand where each market operates.
Performance Metrics
AVG APY: This shows the average annual percentage yield over your selected timeframe. For lending positions, this represents your earning rate; for borrowing, it's your cost of capital. The percentage helps you quickly identify the most profitable opportunities or lowest-cost borrowing options.
AVG Total Supplied: Displays both the token amount and USD value of assets currently supplied to the market. This dual display (e.g., "2570658.61" tokens worth "$10.88b") gives you a complete picture of market depth. Larger supplied amounts typically indicate more stable and liquid markets.
AVG Total Borrowed: Shows the token amount and USD value currently borrowed from the market. This metric helps gauge demand for the asset and overall market activity. High borrowing relative to supply often correlates with higher APYs.
AVG Available Liquidity: Indicates the token amount and USD value available for borrowing. This is crucial for borrowers to understand how much they can potentially borrow, and for lenders to assess the market's capacity to handle withdrawals.
AVG Utilization Rate: This percentage shows how much of the supplied assets are currently borrowed. Higher utilization (like 81.33% for WETH) typically means higher lending APYs but also indicates less available liquidity for immediate withdrawal. This is a key risk metric for both lenders and borrowers.
Market Icons:Each asset row includes small icons that provide additional context:
Protocol Icon: Shows which lending protocol hosts this market
Network Icon: Indicates the blockchain network
Star Icon: Allows you to favorite markets for quick access
Lending vs Borrowing Views
Lending Tab: When viewing lending opportunities:
APY represents your earning rate for supplying assets
Focus on high APY with reasonable utilization rates
Consider available liquidity for withdrawal flexibility
Monitor total supplied for market stability
Borrowing Tab: When viewing borrowing opportunities:
APY represents your borrowing cost
Look for low APY rates to minimize interest expenses
Check available liquidity to ensure borrowing capacity
Consider utilization rates as they affect rate stability
Column Management and Sorting
Every column header includes sort arrows, allowing you to organize markets by any metric:
Sort by APY to find the highest yields or lowest borrow rates
Sort by Total Supplied to find the most liquid markets
Sort by Utilization Rate to identify efficient markets or potential opportunities
Beyond sorting, you can filter each column to set specific thresholds - find markets with APY above 5%, utilization below 70%, or available liquidity over $1 million. Combine multiple filters to create highly targeted searches.
Best Practices
Compare Across Protocols: Don't limit yourself to one protocol - the same asset might offer significantly different rates elsewhere
Monitor Utilization Rates: High utilization can mean attractive yields but also withdrawal risks
Consider Network Costs: Factor in gas fees when choosing networks, especially for smaller positions
Diversify Risk: Spread positions across multiple protocols and assets to minimize smart contract risk
Track Historical Trends: Adjust the timeframe to understand rate volatility and identify stable opportunities
Use the Simulate Feature: Once you've identified a promising market, click the purple "Simulate" button to model your position before committing capital
The Discover page serves as your command center for DeFi lending and borrowing, aggregating all the data needed to make informed decisions about capital deployment and borrowing strategies in one comprehensive, filterable interface.
Last updated
Was this helpful?