Assets

What a borrower may pledge and what they may draw are two different lists. Where they live decides the second one.

This is why residency_country and residency_state are required when you create a borrower. A borrower whose residence CLC cannot lend to never becomes eligible.

Collateral assets

A facility is secured by the assets sitting in the borrower's custody account. These are the ones that carry loan value:

Anything else in the account is safekept but counts for nothing: it adds no drawing power and is not sold in a margin call. The live per-asset list, with the loan value CLC assigns each one, is on the facility's collateral view. Read it from there rather than from this table, because assets are added to it over time.

Lending assets

A borrower can draw USD or USDC.

This is independent of what they pledged. A portfolio of Bitcoin and Solana still draws dollars, and the collateral stays where it is.

Lending states

Today CLC lends in 43 US states. Everywhere else, including outside the United States, is not supported yet.

Those 43 are not uniform: 42 carry no restriction and California is the exception, which is why both numbers show up below.

The 42

Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, Wyoming.

California

USDC only. A facility requesting USD for a Californian borrower is declined, so ask for USDC instead.

Not supported yet

Hawaii, Louisiana, New York, North Dakota, South Dakota, Vermont, Washington.

A borrower who lives in one of these cannot draw anything today. Their eligibility stays false and no facility opens.

How this shows up

You do not have to apply any of this yourself. Open the facility and read it back with GET /v1/facilities/{facilityId}: available_per_asset carries only the assets that borrower may actually take, priced against their portfolio. An asset missing from that list is one their state does not allow.

The tables above tell you what to expect. The quote is what to build against, because it also accounts for the borrower's collateral and for changes to these lists.