contributor@bryancolligancomp.xyz
↑Adding USDT Market on Polygon
MATIC is proposed as collateral for the new USDT market to support borrowing and lending activities within the Polygon ecosystem.
Overview
MATIC (migrated to POL)(MATIC)
Token PriceN/A
All Time HighDec 27, 2021$2.92
All Time LowMay 10, 2019$0.0031
Key Metrics
Fully Diluted Valuation$1.777b
Circ. Supply0 MATIC
Max Supply10b MATIC
Volume 24h$115,729
Risks
How much debt can be issued against MATIC as collateral across lending protocols.
Maximum possible exposure to MATIC
$213.08
$0 (max additional borrows against MATIC) + $213.08 (bad debt if MATIC was hacked now)
Venus Core Pool
$213.08 at-risk exposure = $213.08 bad debt if hacked + $0 additional borrowable against MATIC
Methodology and limitations
Showing collateral exposure for MATIC on BSC. 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.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details
Each row is one protocol-chain exposure for MATIC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
MATIC0xcc42724c6683b7e57334c4e856f4c9965ed682bd | $0 | $213.08 |
Risk Timeline
Risk-management actions published about MATIC by tracked risk managers and governance contributors, newest first.
risk managerGauntletcomp.xyz
↑Polygon USDC.e Risk Recommendations
The largest MATIC position holds $6.5M with a health factor of 1.48, and swapping it fully to USDC.e would cause 15% slippage due to liquidity constraints. Raising the liquidation factor improves efficiency while the higher penalty ensures liquidators are incentivized for large events.
risk managerGauntletcomp.xyz
→Polygon USDC Weekly Market Update
MATIC supply cap utilization reached 100% but remained below the 75% trigger for increases, showing stable but not growing utilization.
contributor@Seanforum.skyeco.com
↓Risk Core Unit Month in Review: March 2023
MATIC-A expected to have low future demand and does not meet MIP104 net surplus requirements, leading to proposal for offboarding to lower protocol costs.
contributor@Seanforum.skyeco.com
↓Risk Core Unit February 2023 Review
MATIC has been identified as a low liquidity collateral asset likely to fall under the Transitory Collateral Asset Type in the Decentralized Scope Framework, necessitating a future migration plan to designated SubDAOs rather than maintaining exposure in the core protocol.
contributor@Seanforum.skyeco.com
↓Risk Core Unit Month in Review: November 2022
Recent crypto ecosystem turmoil and uncertainty around financial stability and asset liquidity of related entities necessitated reducing exposure to MATIC-A vaults.
contributor@euler_mabforum.euler.finance
→Switch asset price oracles to Chainlink ahead of Ethereum Merge
Switching the price oracle for MATIC from Uniswap v3 TWAP to Chainlink mitigates the reduced cost of manipulation attacks post-Merge, where PoS enables block proposers to more easily manipulate spot prices without arbitrage risks.
contributor@Seanforum.skyeco.com
↓Risk Core Unit Month in Review: June 2022
MATIC-A debt ceiling cut to 20 million DAI and gap reduced, reflecting heightened risks from June's market stress and updated modeling of potential vault liquidations during drawdowns.
contributor@seraphimforum.euler.finance
↓Decrease UNI, LINK and MATIC Collateral Factors
MATIC/WETH pools show extreme slippage due to low liquidity, worsened by evaporated deposits after liquidity mining rewards were redirected, leaving the asset vulnerable to bad debt in volatile markets. As a minor part of Euler's borrowing activity, fully disabling its collateral status reduces systemic risks without triggering major liquidations.
contributor@seraphimforum.euler.finance
↑Promote MATIC to Collateral Tier
MATIC qualifies as collateral due to its robust Uniswap V3 oracle with full-range liquidity preventing manipulation, high decentralization among holders, and deep liquidity on major CEXs like Binance and DEXs like Uniswap. Its manageable volatility, extensive audits by Quantstamp and Nomic Labs, and established use in DeFi make the benefits of enabling borrowing against it outweigh the added systemic risk.
Token Usage
An is required to view token usage.
Yields
Showing 10 of 57 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabWMATIC-USDC | $584,747 | 7.02% | 7.02% | 6435% | |||||
| open in new tabWMATIC-WETH | $424,633 | 6.19% | 6.19% | 5469% | |||||
| open in new tabMATIC-WETH | $202,265 | 23.50% | 23.50% | 4.91% | |||||
| open in new tabWMATIC-USDCQuickSwap | 💸 | $143,293 | 78.36% | 78.36% | 68.19% | ||||
| open in new tabWMATIC-USDT | $108,805 | 6.57% | 6.57% | 3.81% | |||||
| open in new tabWMATIC-QUICKQuickSwap | 💸 | $48,917 | 108% | 108% | 90.37% | ||||
| open in new tabWMATIC-QUICK | $25,802 | 116% | 116% | 203% | |||||
| open in new tabWMATIC-WETHQuickSwap | 💸 | $23,572 | 70.14% | 70.14% | 45.71% | ||||
| open in new tabWMATIC-USDTQuickSwap | 💸 | $16,962 | 59.14% | 59.14% | 53.77% | ||||
| open in new tabWMATIC-STMATIC | $10,039 | 2900% | 2900% | 636% |
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