> For the complete documentation index, see [llms.txt](https://docs.ethosis.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ethosis.org/guides/loan-explorer.md). # The loan explorer Ethosis makes its transparency commitments concrete through the loan explorer. It publishes everything the protocol knows, to anyone, and each event carries a link to its on-chain transaction. ## Contents ### Loans Every loan, whether active or closed, together with: * the collateral token and amount, expressed in token units and in shares (via the ERC-8056 multiplier), * the oracle price at origination and the current price, * principal, blended APR, interest accrued, term and maturity, * health factor, session status and the closed-market health factor, * the syndicate: how many slices, and the principal and APR of each (addresses displayed as they appear on-chain), * the complete event history (origination, top-ups, partial repayments, rollover auctions, liquidation), each entry linked to Blockscout. ### Risk Figures for the protocol as a whole: * the LTV distribution across active loans, * concentration by token and total exposure to the Stock Token issuer, * each token's exposure cap and how much of it is in use, * the bad debt ledger (expected to stay at zero), * the liquidation record, with realised auction prices set against the oracle price at the time, * rollover auction results: clearing rates and time taken to clear. ### Oracles For every token: the current Chainlink price, the session, `updatedAt` and staleness measured against the bound, `uiMultiplier()`, the `oraclePaused()` state, sequencer uptime, and any market pause in force together with its reason. ### Book The live set of standing offers and open requests, mirrored from the relayer and exportable in full. ### Governance Every PolicyController proposal and execution, showing the parameter, its old and new values, the rationale, when the timelock began and when execution took place. ## Architecture The explorer is a Next.js front-end sitting on top of the public indexer, and both are open source. Because every datum comes from chain events and signed messages, anyone running their own indexer and explorer sees exactly the same information. ## Purpose Outsiders can only trust a lending market to the extent that they can verify it. The explorer lets a prospective lender inspect the liquidation record before posting an offer, lets a borrower see the rates other borrowers really paid, and lets anyone confirm that the parameters in force match the ones announced. See [Transparency commitments](/transparency/commitments.md). --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.ethosis.org/guides/loan-explorer.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.