> ## Documentation Index > Fetch the complete documentation index at: https://developers.circle.com/llms.txt > Use this file to discover all available pages before exploring further. # List all markets > Returns the allowlisted lending markets available to you, including current rates and LTV parameters. ## OpenAPI ````yaml openapi/digital-asset-backed-borrowing.yaml get /v1/borrow/markets openapi: 3.0.2 info: version: ${version} title: Digital Asset-Backed Borrowing API description: > The Digital Asset-Backed Borrowing API lets you borrow stablecoin liquidity against onchain collateral. It uses a dedicated wallet to hold collateral and borrowed funds, and Circle handles the onchain transactions. Write operations are asynchronous and return a job that can be polled for status. servers: - url: https://api-sandbox.circle.com - url: https://api.circle.com security: [] tags: - name: Borrow Wallets description: >- Provision and inspect the per-entity MSCA wallet that holds collateral and borrowed funds. - name: Borrow Loans description: Originate, inspect, repay, and add collateral to borrow positions. - name: Borrow Jobs description: Observe asynchronous onchain operations. - name: Borrow Markets description: Discover allowlisted lending markets. paths: /v1/borrow/markets: get: tags: - Borrow Markets summary: List all markets description: > Returns the allowlisted lending markets available to you, including current rates and LTV parameters. operationId: listBorrowMarkets responses: '200': description: Successfully retrieved a list of markets. headers: X-Request-Id: $ref: '#/components/headers/XRequestId' content: application/json: schema: title: ListBorrowMarketsResponse type: object properties: data: type: array items: $ref: '#/components/schemas/OnchainMarket' examples: response: value: data: - id: d24e8f01-2345-6789-abcd-ef0123456789 protocol: morpho displayName: cirBTC / USDC (Morpho Blue) marketId: >- 0x3a85e6f1c2d3b4a596877869504132e1d0c9b8a7766554433221100ffeeddccbb lltv: '0.86' maxOriginationLtv: '0.80' borrowApy: '0.0542' borrowAsset: USD collateralAsset: CIRBTC oraclePrice: '67234.512345' marketDataUpdateDate: '2026-06-24T12:00:00.000Z' isActive: true '401': $ref: '#/components/responses/NotAuthorized' '403': $ref: '#/components/responses/Forbidden' security: - bearerAuth: [] components: headers: XRequestId: description: >- Universally unique identifier (UUID v4) for the request. Helpful for identifying a request when communicating with Circle support. schema: type: string format: uuid example: 2adba88e-9d63-44bc-b975-9b6ae3440dde schemas: OnchainMarket: type: object description: > An allowlisted lending market you can borrow from. Markets are curated by Circle and vary by environment. `oraclePrice` and `borrowApy` are read live from the protocol on each request. `marketDataUpdateDate` records when those values were read. required: - id - protocol - displayName - marketId - lltv - maxOriginationLtv - borrowApy - borrowAsset - collateralAsset - oraclePrice - marketDataUpdateDate - isActive properties: id: type: string format: uuid description: Unique identifier of this market configuration. protocol: type: string enum: - morpho description: Lending protocol. displayName: type: string description: Human-readable market name. example: cirBTC / USDC (Morpho Blue) marketId: type: string description: > Protocol-specific market identifier. For Morpho Blue, this is the market ID hash. Pass this value as `marketId` when creating a borrow. lltv: type: string description: >- Protocol-defined liquidation LTV (decimal string between `0.0` and `1.0`). maxOriginationLtv: type: string description: > Maximum LTV Circle allows at borrow creation, set stricter than `lltv` to provide a safety buffer against oracle drift. Decimal string between `0.0` and `1.0`. borrowApy: type: string description: >- Current annualized borrow rate, read live from the protocol on each request (decimal string). borrowAsset: type: string description: Circle currency code of the borrowed asset, such as `USD` for USDC. example: USD collateralAsset: type: string description: >- Circle currency code of the collateral asset, such as `CIRBTC` for cirBTC. example: CIRBTC oraclePrice: type: string description: | Price of one unit of the collateral asset, expressed in the borrowed asset (decimal string). Read live from the market's oracle on each request. Use this value to estimate LTV before submitting a borrow. example: '67234.512345' marketDataUpdateDate: type: string format: date-time description: > Date and time when `oraclePrice` and `borrowApy` were read from the market. This single timestamp applies to both fields, which are fetched together. isActive: type: boolean description: Whether the market is currently open for new borrows. example: id: d24e8f01-2345-6789-abcd-ef0123456789 protocol: morpho displayName: cirBTC / USDC (Morpho Blue) marketId: '0x3a85e6f1c2d3b4a596877869504132e1d0c9b8a7766554433221100ffeeddccbb' lltv: '0.86' maxOriginationLtv: '0.80' borrowApy: '0.0542' borrowAsset: USD collateralAsset: CIRBTC oraclePrice: '67234.512345' marketDataUpdateDate: '2026-06-24T12:00:00.000Z' isActive: true responses: NotAuthorized: description: >- The request has not been applied because it lacks valid authentication credentials. headers: X-Request-Id: $ref: '#/components/headers/XRequestId' content: application/json: schema: type: object title: NotAuthorized required: - code - message properties: code: type: integer example: 400 message: type: string example: Something went wrong. example: code: 401 message: Malformed authorization. examples: response: value: code: 401 message: Malformed authorization. Forbidden: description: >- The request provides authentication, but the authenticated user does not possess sufficient permissions for accessing this resource. headers: X-Request-Id: $ref: '#/components/headers/XRequestId' content: application/json: schema: type: object title: Forbidden required: - code - message properties: code: type: integer example: 400 message: type: string example: Something went wrong. example: code: 3 message: Forbidden examples: response: value: code: 3 message: Forbidden securitySchemes: bearerAuth: type: http scheme: bearer ````