VanEck Treasury Fund(VBILL)

Showing collateral exposure for VBILL on Ethereum. 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.
• Bad debt at $0 is a lower bound when some contributing markets return null for zero-price bad debt; null rows are excluded instead of being treated as zero.

Each row is one protocol-chain exposure for VBILL as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.