Loading
What agent-managed capital is actually doing, read from public on-chain and venue data, with the gaps named rather than filled in.Note 2Note 3Note 5
Two ends of the same reading: money that cannot come out, and money that is not being put to work. Every input is public — the cross-vault view is ours.
Depositors here are waiting on borrowers rather than on a market: the capital is committed, not gone. Utilisation answers both questions and only the first is usually published.
Read the total as an upper bound. $1.73B — 29% — is out with borrowers and could be counted twice.Note 1