LTV means loan to value. It tells you how large your debt is compared with the value of your collateral. Lower LTV means more room before liquidation.

Borrow against Bitcoin. Stay in control.

Q: What is RUJI Money Market?

RUJI Money Market is Rujira's lending and borrowing product. You can lend assets to earn yield, or use BTC as collateral to borrow against it without selling.

Q: Can I lose my Bitcoin?

You keep control of your position, but your BTC is still at risk if your loan becomes too aggressive. If your LTV reaches the liquidation threshold, part of your BTC may be sold to repay the debt.

Q: What happens if my loan gets liquidated?

If your loan becomes too risky, part of the collateral is sold to bring the position back into a safer range and repay the lender side of the market.

Q: How do I repay my loan?

You can repay at any time, in full or in part. Paying some back lowers your LTV and usually moves your liquidation price farther away.

Q: Can I borrow multiple assets?

In the BTC flow shown on this page, you can model borrowing USDC, USDT, ETH, or XRP. The live product view will always show the assets currently available to borrow.

Q: How is this different from a bank?

A bank keeps the balance sheet and decides the rules for you. In a money market, smart contracts handle the rules onchain and the collateral is visible in the open.

Q: Is this only for advanced users?

No. The key numbers are simple: collateral, borrowed amount, LTV, and liquidation price. Once you understand those, the product becomes much easier to manage.

Use your BTC as collateral to borrow stablecoins and other assets. No custody, no intermediaries.

Access liquidity without selling your Bitcoin.

Open your first loan

See how it works

Borrow against Bitcoin. Stay in control. sections

RUJI Money Market

What is RUJI Money Market?

RUJI Money Market lets you do two practical things with the same system: lend assets to earn yield from borrower demand, or use your BTC as collateral when you want liquidity without selling the position you still want to hold.

Everything happens onchain, the key risk numbers stay visible while you use it, and you remain in control from deposit to repayment instead of handing the full process to an intermediary.

Revenue flow to stakers

Interaction between products

RUJI Collections

RUJI Launchpad

RUJI Swap

RUJI Perps

RUJI Predict

RUJI Options

TC Base Layer Pools

RUJI AMM

RUJI Trade

RUJI Money Market

Stablecoin

RUJI Liquidation

Comparison

Where RUJI Money Market fits best

Different lending products optimize for different collateral models and user flows. This quick view helps you see where RUJI Money Market fits best for native BTC collateral, self-custody, and clearer onchain risk checks.

Comparison table for RUJI Money Market, Aave, Morpho, Spark, and Coinbase
Category	RUJI Money Market	Aave	Morpho	Spark	Coinbase
Custody	Self-custody from deposit to repayment	Self-custody on supported chains	Self-custody in the chosen market	Self-custody on supported Spark markets	Coinbase-led app flow into Morpho on Base
BTC collateral path	Native BTC in this Bitcoin flow, not a wrapped stand-in	Collateral varies by network and supported reserve	Market-specific collateral chosen at market creation	Collateral depends on the reserve design of each Spark market	BTC available through Coinbase's managed loan flow
Price feed design	THORChain enshrined oracle designed for fairer collateral pricing	Protocol risk checks tied to its borrow and health-factor model	Oracle is chosen market by market	Spark market pricing and risk checks set by the protocol's reserve design	Underlying Morpho market pricing, surfaced in Coinbase's app
Liquidation flow	Partial liquidations routed into RUJI Trade with public price discovery	Permissionless liquidations once health factor falls too far	Permissionless liquidations when LTV rises above the market LLTV	Permissionless liquidations when a position moves beyond its thresholds	Underlying Morpho liquidation logic, accessed through Coinbase
Transparency	Open-source contracts, public audits, visible LTV, and liquidation price	Visible LTV, health factor, and liquidation thresholds	Visible LLTV, oracle, and interest model per market	Visible reserve data, liquidation thresholds, and borrow rates	Loan health shown in app, but setup stays Coinbase-led
Best for	BTC holders who want native collateral, self-custody, and clearer onchain risk checks	Users who want broad DeFi lending coverage	Users who want market-level control	Users who want a simpler blue-chip DeFi lending venue	Users who prefer a familiar app-first path

Directional snapshot based on official product docs reviewed March 29, 2026.

How it works

Start with BTC, choose whether you want yield or liquidity, and keep an eye on the risk numbers that matter.

BTC Lending

Earn with your BTC

Lend out your BTC and earn interest from borrowers and trading strategies using it. You stay in control and can withdraw anytime, as long as liquidity is available.

Earn passively from real borrowing demand
Stay in control of your assets at all times
Withdraw anytime when liquidity is available

BTCLending

Strategy TVL

$20.144,47

0,2764

APR

0,73%

Variable borrow APR

Deposit Asset

BTC

BTC amount

Available

0,000578 BTC

My Balance

$0,11

0,000001 shares

0,0516

Borrowing

Unlock liquidity without selling your BTC

Use your BTC as collateral to borrow other assets while keeping your exposure. Choose how much you borrow based on the risk you are comfortable with.

A lower LTV gives you more safety. A higher LTV gives you more liquidity, but increases your risk of liquidation.

Deposit

Borrow

Available

0,000578

BTC

BTC collateral amount$42,14

Borrow amount$23,88

BTC Price

$72.903,07

0%100%

Collateral Ratio

0,70

USDC Price

$1,00

Adjusted Collateral Value

$29,50

USDC Available

5.152,23$5.152,23

Annual Interest Rate

3,07%

Adjusted LTV

High: 80,96%

Liquidation Price

$59.022,33-19,04%

My Positions

Deposited	Borrowed	Interest Rate	Adjusted LTV	Liquidation Price	Manage
0,0001 BTC$7,29	2,02 USDT$2,02	2,64%	Low: 39,65%	$28.892,94-60,37%
0,0002 BTC$13,34	7,7 USDC$7,70	3,07%	High: 82,44%	$60.096,74-17,57%

Manage position

Manage your position

Once a loan is open, you can repay part of it, increase it, or swap collateral as your plan changes.

Good risk management usually comes from making small adjustments early instead of waiting for a volatile move.

Manage Position

Deposited

0,000100 BTC$7,29

Borrowed

2,02 USDT$2,02

Interest Rate

2,64%

LTV

Low: 39,63%

BTC Price

$72.901,92

Liquidation Price

$28.892,94-60,37%

Repay Loan

Available

4,52 USDT

USDT

0%100%

Withdraw Collateral

BTC

0%100%

New LTV

New Liquidation Price

Low: 39,63%

$28.892,94-60,37%

Risk & Protection

Protect your position before liquidation hits

If your loan becomes too risky, part of your BTC may be sold to repay it. That protects lenders, but it also means you lose control of your position.

By tracking your LTV and liquidation price, you can act early and stay in control.

Want to learn more about how liquidations work on Rujira?

Learn About Fair Liquidations

Liquidation levels

Safe (34% LTV)

Once your LTV hits 100%, a partial liquidation will happen. How much is sold depends on the liquidating bot. The BTC is sold as a market order on RUJI Trade to repay the debt, bringing the position back to at most 90% LTV.

Money Market explained

A money market connects lenders who want yield with borrowers who want liquidity.

Liquidity pool

Instead of a bank, a smart contract

Lenders supply capital into an onchain pool. Borrowers take loans from that pool and pay interest back into it.

Risk buffer

Instead of unsecured credit, overcollateralization

You borrow against collateral that is worth more than the loan. That extra buffer is what helps protect the lender side of the market.

CDP basics

What a CDP means

A CDP, or collateralized debt position, is the core borrow loop: lock collateral, borrow against it, and keep the ratio healthy over time.

Step 01

Deposit BTC as collateral

Your BTC becomes the asset backing the position, which determines how much liquidity you can safely draw from the market.

Step 02

Borrow the asset you need

You mint borrowing power from the collateral instead of selling the BTC, which lets you access liquidity while keeping the exposure.

Step 03

Monitor the ratio before liquidation

As price moves, you can repay debt or add more collateral so the position stays comfortably away from the liquidation threshold.

Enshrined Oracles

Prices matter when loans are on the line

Borrowing only works if collateral is priced accurately. Bad prices can trigger unfair liquidations or hide real risk.

Illustration of Rujira Enshrined Oracles combining multiple market sources into one finalized price

Rujira's Enshrined Oracles are designed to make price feeds harder to manipulate. Prices are gathered from many sources, obvious outliers are removed, and the network finalizes one price before it is used by the system.

That matters most in RUJI Money Market, where loan health, liquidation price, and lender protection all depend on the market seeing a fair price.

Want the full oracle design and why it matters for fairer liquidations?

Explore Enshrined Oracles

You are ready

You now understand how borrowing on Rujira works.

Now choose how you want to use it.

Open your first loan when you want liquidity without selling BTC, or explore liquidations if you want to bid on discounted collateral.

Start with borrowing

Open your first loan

Use BTC as collateral, set a cautious LTV, and open a position you can manage comfortably.

Explore liquidations

Bid on discounted liquidated assets

Watch for discounted collateral opportunities if you want to participate on the other side of the market.

What is RUJI Money Market?

Can I lose my Bitcoin?

What happens if my loan gets liquidated?

What is LTV?

How do I repay my loan?

Can I borrow multiple assets?

How is this different from a bank?

Is this only for advanced users?

Borrow against Bitcoin. Stay in control.

Borrow against Bitcoin. Stay in control. sections

What is RUJI Money Market?

Where RUJI Money Market fits best

How it works

Earn with your BTC

Unlock liquidity without selling your BTC

Deposit

Borrow

My Positions

Manage your position

Manage Position

Repay Loan

Withdraw Collateral

Protect your position before liquidation hits

Money Market explained

Instead of a bank, a smart contract

Instead of unsecured credit, overcollateralization

What a CDP means

Deposit BTC as collateral

Borrow the asset you need

Monitor the ratio before liquidation

Prices matter when loans are on the line

Questions borrowers ask first

Everyone

Developers

Ecosystem

Community