TermRate

All rates are NOMINAL APR in PERCENT (3.85 = 3.85 %/yr) — never a fraction, never an APY.

kindstringrequired

aprnumberrequired

Base rate only.

components objectrequired

basenumber

rewardsnumbernullable

PRICEABLE rewards only.

intrinsicnumbernullable

aprTotalnumberrequired

base + priceable rewards + intrinsic. Deliberately EXCLUDES points programs, which have no priceable value — see rewards[].indicative.

basisstringrequired

Possible values: [apr-nominal]

compoundingstring

sourcestring

isLockedbooleanrequired

minAprnumbernullable

maxAprnumbernullable

userSet objectnullable

Present when the BORROWER sets the rate (Liquity family). A borrow UI must render an input: the rate decides your place in the redemption queue, so the cheapest is also the first redeemed. Omit the rate on the action and the protocol applies default (the branch average).

requiredboolean

minnumbernullable

maxnumbernullable

defaultnumbernullable

adjustableboolean

adjustmentCostNotestringnullable

adjustmentCooldownSecsnumbernullable

rewards object[]nullable

Array [

asset objectnullable

property name*anynullable

kindstring

token | points | unknown

aprnumber

sidestring

Possible values: [supply, borrow]

claimstring

accrual | merkl | manual | none

endsAtnumbernullable

indicativebooleannullable

Points — not priceable, and excluded from aprTotal.

]

menu object[]nullable

Array [

termIdinteger

Term identifier — MEANING IS LENDER-SPECIFIC. Exactly and TermMax: the pool/market unix MATURITY timestamp. Lista: the broker-defined product id. Teller: the duration in seconds (rolling term). Midnight and Term Finance: 0, a placeholder (single maturity per market, so the id carries no information). Pass to /v1/actions/lending/borrow?termId=…. Numeric on-chain; some upstream feeds serialize it as a string — coerce with Number() when comparing.

Example: 2

depositAprnumbernullable

Annualised fixed LEND rate at this maturity, in percent (Exactly only — its fixed pools quote both sides).

availablenumbernullable

Borrowable liquidity at this maturity in loan-token human units (Exactly only).

durationDaysnumber

How long the position is locked at the fixed rate, in days (e.g. 7, 14, 30).

Example: 7

durationSecsnumbernullable

Term duration in seconds (raw on-chain value).

Example: 604800

aprnumber

Annualised borrow APR for this term, in percent (e.g. 3.85 = 3.85%). Same unit as variableBorrowRate / stableBorrowRate. For order-book markets (Midnight) this is the 0-notional top-of-book (cheapest) rate — see aprAtAmount for the size-weighted rate.

Example: 3.85

aprAtAmountnumbernullable

Size-weighted (VWAP) borrow APR % at the supplied debt notional, for order-book fixed-term markets (Morpho Midnight): the borrow book filled cheapest-first, (Σ filledᵢ·aprᵢ)/amount. Present only when an amount is supplied AND the term carries an order-book ladder; broker rate cards (Lista, single flat rate) omit it and apr already applies at any size.

fillablenumbernullable

Total loan-token depth in this term's order book — the maximum borrow openable at this maturity. Present only for order-book terms with an amount supplied.

cappedbooleannullable

True when the supplied debt notional exceeds fillable — the book can't fully fund the borrow at this maturity (aprAtAmount is then the drain-the-book VWAP).

ladder object[]nullable

Order-book borrow ladder (best-borrow first) for order-book fixed-term markets (Midnight). Only serialized when depth=true (bulky). aprAtAmount is the pre-computed size-weighted rate; use this to re-derive it at any amount.

Array [

aprnumber

Annualised borrow rate at this tier (%).

unitsstring

Credit/debt units at this tier (raw).

assetsnumber

Loan-token size available at this tier.

]

TermRate
{
  "kind": "string",
  "apr": 0,
  "components": {
    "base": 0,
    "rewards": 0,
    "intrinsic": 0
  },
  "aprTotal": 0,
  "basis": "apr-nominal",
  "compounding": "string",
  "source": "string",
  "isLocked": true,
  "minApr": 0,
  "maxApr": 0,
  "userSet": {
    "required": true,
    "min": 0,
    "max": 0,
    "default": 0,
    "adjustable": true,
    "adjustmentCostNote": "string",
    "adjustmentCooldownSecs": 0
  },
  "rewards": [
    {
      "asset": {},
      "kind": "string",
      "apr": 0,
      "side": "supply",
      "claim": "string",
      "endsAt": 0,
      "indicative": true
    }
  ],
  "menu": [
    {
      "termId": 2,
      "depositApr": 0,
      "available": 0,
      "durationDays": 7,
      "durationSecs": 604800,
      "apr": 3.85,
      "aprAtAmount": 0,
      "fillable": 0,
      "capped": true,
      "ladder": [
        {
          "apr": 0,
          "units": "string",
          "assets": 0
        }
      ]
    }
  ]
}