Every lending market we track was deployed inside the last two years. Together they hold $543.2M of collateral against $269.4M of debt.
All of it is priced by oracles that update in hours, not milliseconds.
The bot layer that polices crypto-native collateral has no equivalent here.
That gap is the entire thesis.
The read API already exists internally. It is not exposed or documented yet — that is next, along with rules that fire on band changes.
If you run a liquidation bot, a fund, or a market-making desk on Solana RWA markets and want the raw stream, tell us what shape you need it in.
We would rather build it once, correctly.
Four steps, repeated every minute.
Fetch — every open obligation from ten lending markets, from the same account data the protocols settle on.
Compute — health factor from the oracle that market liquidates against.
Classify — one of five bands.
Record — band changes written down with the health factor and oracle age attached.
The history exists whether or not anyone was watching.
Three groups are flying blind, and all of them pay for it.
Liquidators: no public map of RWA-collateralized positions. Opportunities pass unclaimed.
Borrowers: no siren before the penalty lands. One breached threshold costs a slice of a large position.
Lenders: no view of the loan book their money sits in.
The data is on chain. Nobody assembled it.
What the engine is holding right now:
6,218 positions
$539.6M collateral
$268.6M debt
10 RWA markets
4,073 SAFE · 777 WATCH · 920 DANGER · 448 CRITICAL
Every one of those numbers came off Solana mainnet, not an index in between. None of them were typed by hand.
SQUARX LABS reads every open lending position across ten RWA markets on Solana — private credit, tokenized treasuries, home equity, tokenized gold — once a minute, forever.
Each position gets a health factor computed from the same oracle its market liquidates against.
Five bands. Crossing between them is recorded. Drifting inside one is noise.
Tokenized real-world assets are one of the fastest-growing categories in crypto, and Solana is where that liquidity trades.
Every position built on them carries a liquidation threshold.
Crypto-native liquidations are policed by thousands of bots in milliseconds. RWA liquidations are not. The oracles update slowly, and almost nobody is watching.
We built the thing that watches.