Coalition Snapshot
StaticHow the garden grew this week.
USDM and fGLD liquidity across Cardano DeFi — pools, loans, utilization, top participants. Showing the most recent manually-verified snapshot while the live data feed catches up.
As of 2026-04-16 · Generated Thu, 30 Apr 2026 22:16:27 GMT
Week 5 — Garden Report
Total TVL
≈ 240,000
USDM
Active Loans
75+
across all markets
Unique Borrowers
55+
distinct stake addresses
Top Market
SNEK
96.8% utilization
Garden state
USDM lending markets continued to deepen across multiple Cardano-native collateral types, with sustained borrower demand in the Cardano-native token markets.
Retrospective allocation narratives — what was reallocated, when, and why — are published in the monthly DeFi Pulse report, not the weekly snapshot.
Utilization by Collateral Market
| Collateral | USDM Supplied | Utilization | Lend APY | Borrow APR |
|---|---|---|---|---|
| SNEK | 4.18K | 96.8% | 8% | 6.63% |
| NIGHT | 12.52K | 84.2% | 7% | 5.88% |
| WMTX | 10.07K | 80.6% | 7% | 6.32% |
| ADA | 6.25K | 44.6% | 6% | 4.07% |
| Strike | 0.58K | 46.3% | 6% | 4.00% |
| IAG | 12.29K | 9.6% | 4% | 5.02% |
| fGLD | 34.65K | 2.2% | 4% | 4.03% |
Source: Fluid lending dashboard — manually reconciled snapshot, 2026-04-16.