MSFT
CoretMSFTOracle freshMicrosoft Corporation · MSFT Stock Token
Reference price
$498.30
+0.44% · 24h
Supply APY
2.94%
Stock borrow APR
3.76%
Utilization
53.0%
Price
Market parameters
Risk parameters
Liquidity composition
53.0% utilizedLow-volatility inventory borrowed mainly for settlement coverage and basis trades.
Interest-rate curve
Kinked modelHow this market works
Where the yield comes from
Professional desks post approved collateral and pay 3.76% to borrow MSFT Stock Tokens. 85% of that interest is returned to the vault, which lifts the tMSFT exchange rate.
Why the receipt token grows
tMSFT is a claim on the vault, not a fixed quantity of stock. One tMSFT currently claims 1.0122 MSFT, and that ratio only moves upward as borrow interest accrues.
How credit is sized
Collateral value × 70% is the maximum USDG this position can support. Liquidation begins once debt exceeds 79% of collateral value.
What isolation means
This market has its own caps, oracle and parameters. A liquidity failure or price shock here does not automatically propagate to the other 7 Turnstone markets.
Recent market activity
All activityRisk on this market
Yield does not remove price risk. If MSFT falls far enough, positions borrowed against it can be liquidated regardless of accrued yield.
Risk framework