About this explorer

Asymmetry Finance issues USDaf, a dollar-tracking stablecoin that is borrowed into existence. A borrower opens a Trove — a collateralised loan — against one of seven collateral types (yield-bearing stablecoins and wrapped bitcoin) and sets their own interest rate. Paying a higher rate buys protection: redemptions, the mechanism that holds USDaf at a dollar by paying off the lowest-rate loans first, reach those Troves last.

Each row of the listing is one Trove: its collateral, its USDaf debt, the rate its owner chose, and its status. Collateral ratios and dollar values are off by default — Asymmetry states amounts in each Trove's own tokens, and those extra figures are conversions layered on top. Or compare the branches and their redemption queues.