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MSFT

CoretMSFTOracle fresh

Microsoft Corporation · MSFT Stock Token

Reference price

$498.30

+0.44% · 24h

Supply APY

2.94%

Stock borrow APR

3.76%

Utilization

53.0%

Price

$498.30+2.91% · 30D

Market parameters

Total supplied$28.94M
Available liquidity$13.60M
Borrowed$15.34M
Supply cap$50.00M
Stock borrow cap$25.47M
USDG credit capacity$20.26M

Risk parameters

Collateral factor70%
Liquidation threshold79%
Liquidation bonus7.5%
Close factor50%
Reserve factor10%
Oracle heartbeat15m
Last oracle update20s ago

Liquidity composition

53.0% utilized
Borrowed by stock borrowers$15.34MAvailable$13.60M

Low-volatility inventory borrowed mainly for settlement coverage and basis trades.

Interest-rate curve

Kinked model
Optimal 80%0.0%16.7%33.3%50.0%66.6%0%50%100%
Stock borrow APRSupply APYMSFT today

How 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 activity
MSFT
$4,983.00
You receive9.8795 tMSFT
Estimated annual stock yield0.294 MSFT
Supply APY2.94%
Collateral value$4,983.00
Available credit3,488.10 USDG

Risk 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