> For the complete documentation index, see [llms.txt](https://docs.syndromics.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.syndromics.xyz/using-syndromics/loan-explorer.md). # Loan explorer The loan explorer is the public face of Syndromics' transparency commitments. It shows everything the protocol knows, to everyone, with a link to the on-chain transaction for every event. ## What it shows ### Loan registry Every loan, active or closed, with: * collateral token and amount, in token units and in shares (through the ERC-8056 multiplier), * oracle price at origination and now, * principal, blended APR, accrued interest, term, maturity, * health factor, session status, closed-market health factor, * syndicate composition: number of slices, each slice's principal and APR (addresses shown as on-chain), * full event history: settlement, top-ups, partial repayments, refinance auctions, liquidation, with Blockscout links. ### Risk page Protocol-wide: * LTV distribution across active loans, * concentration by token and total exposure to the Stock Token issuer, * per-token exposure cap and utilisation, * bad debt ledger (expected to remain at zero), * liquidation history with realised auction prices against oracle at the time, * refinance auction outcomes: clearing rates and time to clear. ### Oracle status Per token: current Chainlink price, session, `updatedAt` and staleness relative to the bound, `uiMultiplier()`, `oraclePaused()` state, sequencer uptime status, and any active market pause with its reason. ### Order book The live book of standing offers and open requests, mirrored from the relayer, with a full export. ### Governance log Every ParamController proposal and execution: parameter, old value, new value, rationale, timelock start and execution time. ## How it is built The explorer is a Next.js front-end over the public indexer. Both are open source. Anyone can run their own indexer and explorer and will see the same data, because all of it comes from chain events and signed messages. ## Why it matters A lending market is only as trustworthy as what outsiders can verify about it. The explorer exists so that a prospective lender can check the protocol's liquidation record before posting an offer, a borrower can see the rates other borrowers actually got, and anyone can confirm that the parameters in force are the ones that were 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.syndromics.xyz/using-syndromics/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.