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Theo Short Duration US Treasury Fund(THBILL)

Token Price$1.02

24h Change+0.78%

All Time HighOct 10, 2025$1.11

All Time LowOct 10, 2025$0.91

Key Metrics

Market Cap$118.02m

Fully Diluted Valuation$118.02m

Circ. Supply115.84m THBILL

Volume 24h$547,361

CEX Volume$0

DEX Volume$595,145

Risks

How much debt can be issued against THBILL as collateral across lending protocols.

Maximum possible exposure to THBILL

$293,422

$46,425 (max additional borrows against THBILL) + $246,997 (bad debt if THBILL was hacked now)

Morpho V1

$263,500 at-risk exposure = $230,001 bad debt if hacked + $33,499 additional borrowable against THBILL

Euler V2

$29,922 at-risk exposure = $16,996 bad debt if hacked + $12,926 additional borrowable against THBILL

Methodology and limitations

Showing collateral exposure for THBILL on onchain. Max Borrowableuses 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 THBILL as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Morpho V1	Stable	thBILL0xfdd22ce6d1f66bc0ec89b20bf16ccb6670f55a5a	$17,949	$169,278
Euler V2	Arbitrum	thBILL0xfdd22ce6d1f66bc0ec89b20bf16ccb6670f55a5a	$12,926	$16,996
Morpho V1	Arbitrum	thBILL0xfdd22ce6d1f66bc0ec89b20bf16ccb6670f55a5a	$7,847	$24,325
Morpho V1	Hyperliquid L1	thBILL0xfdd22ce6d1f66bc0ec89b20bf16ccb6670f55a5a	$7,703	$36,398
Morpho V1	Ethereum	thBILL0x5fa487bca6158c64046b2813623e20755091da0b	$0.11	$1.03

Markets

Token Usage

An is required to view token usage.

Yields

Showing 10 of 12 pools

Pool	Project
open in new tab THBILL	🪂Theo Network thBill	$97.94m	3.19%	3.19%	3.46%
open in new tab THUSD-THBILL-STABLEthUSD Genesis Vault - thBILL Stable	🪂Concrete	$66.5m	0%	0%	0%
open in new tab THUSD-THBILL-ARBthUSD Genesis Vault - thBILL Arbitrum	🪂Concrete	$4.24m	0%	0%	0%
open in new tab THBILL	🪂Theo Network thBill	$1.54m	3.19%	3.19%	3.46%
open in new tab THBILL	🪂Theo Network thBill	$1.49m	3.19%	3.19%	3.46%
open in new tab THBILL	🪂HypurrFi Pooled	$1.12m	0%	0%	0%
open in new tab USD₮0-THBILL0.01%	🪂Project X	$236,699	0.48%	0.48%	0.46%
open in new tab USDC-THBILL0.01%	Uniswap V3	$197,037	6.12%	6.12%	2.30%
open in new tab THBILL	Morpho Blue	$192,463	0%		0%
open in new tab THBILLEVK Vault ethBILL-2	Euler V2	$53,997	0%	0%	0.96%

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Borrow

Tracking 3 routes

Pool	Project
open in new tabTHBILL ➞ WHYPE	🪂HypurrFi Pooled	$2.15m	-0.49%	0%	-1.23%	40%	$1.12m	$3,630
open in new tabTHBILL ➞ USD₮0	🪂HypurrFi Pooled	$245,732	-3.06%	0%	-7.65%	40%	$1.12m	$3,630
open in new tabTHBILL ➞ USDC	🪂HypurrFi Pooled	$64,330	-1.32%	0%	-3.31%	40%	$1.12m	$3,630