Ethereum is one of the core assets people use when they borrow crypto, either as the asset they want to receive or as collateral they are willing to lock. The practical question is not simply whether a eth loans is available. It is whethUse this guide to compare how loan eth options differ across DeFi protocols and centralized exchanges. It explains current Criffy data on APY, liquidity, collateral LTV, loan terms, and liquidation thresholds so readers can review offers without treating rates as fixed promises.er the total cost, collateral rules, liquidity, chain, and platform type match the borrower’s tolerance for liquidation and operational risk. Criffy’s Ethereum currency context identifies the asset as Ethereum, symbol ETH, slug ethereum, and shows loan routes across both centralized exchanges and DeFi protocols.
Current Criffy data for Ethereum lending
Criffy’s latest context for Ethereum returned 40 active borrow offers and 45 active collateral options. The loan set covers protocol markets and centralized exchange products. Among protocol examples, Moonwell Lending on Base showed 0.0047176% real net borrow APY and $2,946,755 of available liquidity. Liquity V1 on Ethereum showed 0.005% real net borrow APY, $138,953,845 total supply, and $28,620,005 total borrow. Folks Finance xChain, Venus Core Pool, Aave V3, and JustLend also appeared among active ETH markets.
Centralized venues are part of the dataset too. Criffy returned active Ethereum loan entries for OKX, Binance, HTX, Bybit, and Gate. Binance appeared as a 30-day fixed loan entry with 0.02262% net borrow APY, while Bybit appeared with 0.02364482% real net borrow APY. These figures are useful for orientation, but they should not be treated as permanent quotes. APY, liquidity, and availability can change quickly.
Look beyond the headline rate
A quoted rate does not explain the full cost or usability of a loan. Check whether the metric is borrow APY, net borrow APY, or real net borrow APY. In DeFi markets, supply incentives or reward assumptions can affect the net figure. In exchange products, the displayed cost can depend on fixed versus flexible terms, account tier, collateral choice, or region.
Liquidity can matter as much as the rate. A market with low quoted cost but limited depth may be difficult to use for a larger position. Criffy exposes available-liquidity values for several protocol markets, including Moonwell Lending on Base and Venus Core Pool on BNB. For exchange loans, liquidity fields may not always be exposed in the same way, so borrowers should confirm source terms before acting.
Use LTV to understand collateral pressure
Criffy’s ETH collateral data shows why LTV deserves its own review. Liquity V2 and Liquity V1 on Ethereum both appeared with an initial LTV of 0.90909091, about 90.91% as a percentage. Fluid Lending returned active entries with 90% initial LTV on Ethereum and Arbitrum, plus 86% on Base. Moonwell Lending listed ETH collateral at 84% initial LTV on Base and 83% on Optimism.
A high starting LTV can increase borrowing capacity, but it gives the position less room before price movement creates pressure. Bybit’s active ETH collateral entries were returned with 78.4% initial LTV, 87% margin call LTV, and 95% liquidation LTV across several term options. Those thresholds show how a loan can move from ordinary use to forced action if collateral value falls.
CEX loans and DeFi loans solve different problems
Centralized exchange loans may feel simpler because custody, collateral selection, loan terms, and repayment are handled in one account interface. That convenience comes with platform custody, account eligibility, and regional policy considerations. DeFi protocol loans give borrowers more direct on-chain control, but they add smart-contract risk, wallet-management risk, chain risk, and sometimes more complex liquidation mechanics.
The right route depends on the borrower’s constraints. A trader who already holds funds on an exchange may value a fixed-term CEX loan. A DeFi user may prefer a protocol market where collateral, debt, and liquidation rules are transparent on-chain. In both cases, compare current APY, LTV, available liquidity, supported collateral, loan term, repayment rules, source link, and liquidation triggers.