24h Change-5.21%
All Time HighDec 9, 2022$2.07
All Time LowJun 25, 2026$0.081
Market Cap$4.2m
Fully Diluted Valuation$841.86m
Circ. Supply49.86m MATICX
Max Supply10b MATICX
CEX Volume$0
DEX Volume$5,102
How much debt can be issued against MATICX as collateral across lending protocols.
Maximum possible exposure to MATICX
$731,952
$34,789 (max additional borrows against MATICX) + $697,163 (bad debt if MATICX was hacked now)
Morpho V1
$214,060 at-risk exposure = $181,559 bad debt if hacked + $32,501 additional borrowable against MATICX
Compound V3
$21,223 at-risk exposure = $18,935 bad debt if hacked + $2,288 additional borrowable against MATICX
Aave V3
$495,239 at-risk exposure = $495,239 bad debt if hacked + $0 additional borrowable against MATICX
Fluid
$1,429 at-risk exposure = $1,429 bad debt if hacked + $0 additional borrowable against MATICX
Showing collateral exposure for MATICX on Polygon. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for MATICX as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
MaticX0xfa68fb4628dff1028cfec22b4162fccd0d45efb6 | $32,501 | $181,559 | ||
MaticX0xfa68fb4628dff1028cfec22b4162fccd0d45efb6 | $2,288 | $18,935 | ||
MaticX0xfa68fb4628dff1028cfec22b4162fccd0d45efb6 | $0 | $495,239 | ||
MaticX0xfa68fb4628dff1028cfec22b4162fccd0d45efb6 | $0 | $1,429 |
Risk-management actions published about MATICX by tracked risk managers and governance contributors, newest first.
MaticX has 3-6% utilization across Polygon Comets, treated as active collateral, with caps adjusted ~30% above current supply to align with user demand and reduce unused risk surface amid rising DeFi exploits.
MaticX on Polygon has low adoption, reaching a maximum utilization of 12.86% in USDC markets and 1.21% in USDT markets in the last 30 days, justifying lower exposure to curb potential idle asset risks.
The MATICx supply cap in the Polygon V3 USDT Comet market reached its 4,160,000 limit amid expanding activity, calling for an increase to 50,000,000 to match demand.
On Polygon USDT and USDC markets, liquidity is sufficient to liquidate the largest positions or full supply caps with slippage levels that incentivize liquidators, justifying cap increases.
Supply balances for MaticX on Polygon USDC.e have been under-utilized for sustained periods and are trending downwards, prompting a cap reduction to align with current utilization levels below the 75% threshold.
Stader Matic (MATICx) is proposed as collateral for the new USDT market to provide additional staking options for users in the Polygon network.
MATICx liquidity to USDC.e is not robust relative to outstanding supply, with most collateral concentrated in two large positions at health factors of 3.37 and 2.28. The higher penalty precautionarily protects against potential insolvencies if these positions are liquidated.
Supply caps increased on V3 Ethereum and Arbitrum based on Gauntlet’s risk simulations indicating sufficient liquidity and stable market conditions.
The mechanism's emphasis on LP for buyer incentives supports aggressive LF and LP uplifts for MaticX, addressing its lower current liquidity with enhanced risk controls on Polygon.
MaticX supply cap is fully utilized with the top supplier holding 92% ($5.57M), causing 47% slippage on a full swap to USDC. Raising the liquidation penalty addresses this concentration risk by boosting the arbitrage threshold for liquidators from 4.2% to 9%, keeping the cap unchanged.
An is required to view token usage.
Tracking 7 pools, average APY 3.74%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabMATICX | $4.17m | 2.72% | 2.72% | 2.78% | |||||
| open in new tabMATICX | $639,543 | 0% | 0% | 0% | |||||
| open in new tabMATICX | $605,525 | 0% | 0% | ||||||
| open in new tabMATICXAave | 🪂 | $315,102 | 8.50% | 6.00% | |||||
| open in new tabMATICXUSDT-pool | $37,048 | 0% | 0% | ||||||
| open in new tabMATICX | $16,261 | 0% | 0% | ||||||
| open in new tabMATICXUSDC-pool | $15,773 | 0% | 0% |
Showing 10 of 16 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabMATICX ➞ WBTC | $2.78m | 0% | 0% | 0% | 60% | $37,048 | |||
| open in new tabMATICX ➞ WBTC | $2.78m | 0% | 0% | 0% | 55% | $15,773 | |||
| open in new tabMATICX ➞ WBTC | $653,674 | 0% | 0% | 0% | 60% | $37,048 | |||
| open in new tabMATICX ➞ WBTC | $653,674 | 0% | 0% | 0% | 55% | $15,773 | |||
| open in new tabMATICX ➞ WETH | $237,533 | 0% | 0% | 0% | 60% | $37,048 | |||
| open in new tabMATICX ➞ WETH | $237,533 | 0% | 0% | 0% | 55% | $15,773 | |||
| open in new tabMATICX ➞ WETH | $144,824 | 0% | 0% | 0% | 60% | $37,048 | |||
| open in new tabMATICX ➞ WETH | $144,824 | 0% | 0% | 0% | 55% | $15,773 | |||
| open in new tabMATICX ➞ WPOL | $70,484 | 0% | 0% | 0% | 60% | $37,048 | |||
| open in new tabMATICX ➞ WPOL | $70,484 | 0% | 0% | 0% | 55% | $15,773 |
