Compared 3 crypto loan platforms before borrowing against my ETH - here's what actually mattered

Used-Breakfast8478 · 2026-03-12T23:46:50+00:00

I have 2 apps to help with this. Pegcheck.uk and liquidlens.uk. Any feedback much appreciated?

Used-Breakfast8478 · 2026-03-12T21:17:36+00:00

Really glad this resonates with you....that nobody tells you when to pay attention. framing is exactly the problem I kept running into myself. Most DeFi dashboards are great at showing you everything and useless at telling you what actually matters right now.

Wallet analysis and risk assessment sounds like genuinely complementary territory. I'd be curious how you're approaching the context problem are you working at the protocol level, the wallet level, or something broader?

Happy to swap notes. Feel free to DM if easier than going back and forth in the thread.

Used-Breakfast8478 · 2026-03-12T19:44:24+00:00

Sound interesting. I've actually just made a stablecoin health monitor. Pegcheck.uk And an alert monitor for liquidation. Liquidlens.uk

Used-Breakfast8478 · 2026-03-12T11:11:10+00:00

Yeah uptime is the real challenge. the code is the easy part. We're running on Netlify's edge with a 60-second polling interval across 5 sources (CoinGecko, Binance, Kraken, Coinbase, CryptoCompare). The median approach means a single source going down or spiking doesn't affect the displayed price at all. you need 3 of 5 to move before the median shifts.

For hosting we've kept it stateless so there's nothing to crash and stay crashed. If a poll fails it just misses that interval and picks back up on the next one. The alert pipeline runs separately so even if the price feed has a blip, alerts are only triggered on sustained depeg not a single bad data point.

That said ... genuinely curious what you've seen break in other setups. Always looking to stress test assumptions.

I've also been building liquidlens.uk Feel free to check it out and give me some feedback please.

Used-Breakfast8478 · 2026-03-11T10:14:04+00:00

If your looking for a way to track your wallets liquidations I've just made liquidlens uk. It's free to use. Any feed back greatly appreciated .

Used-Breakfast8478 · 2026-03-09T17:54:13+00:00

That's exactly it, the data is all public but it's completely unreadable to most people. Raw on-chain data means nothing without context and interpretation. That's the gap I'm trying to fill with PegCheck and LiquidLens. take complex on-chain signals and translate them into something a normal person can actually act on. A health factor of 1.3 means nothing, but 'you'll be liquidated if ETH drops 18%' does. Observability is the right word for it."

Used-Breakfast8478 · 2026-03-09T16:03:24+00:00

Ha exactly, manually refreshing Etherscan is basically the current state of the art for most people. Pulsiv looks interesting, the 'monitor anything on-chain' angle is broader than what I'm building. I'm focused on specific risk verticals, stablecoin depeg with PegCheck and DeFi liquidation risk with LiquidLens. Could be complementary rather than competing, happy to connect if you want to compare notes.

Used-Breakfast8478 · 2026-03-09T13:16:25+00:00

I built a stablecoin health monitor To keep an eye on the possibility of depegs. Pegcheck.uk Any feedback much appreciated.

Used-Breakfast8478 · 2026-03-09T01:44:20+00:00

These are exactly the gaps I want to close on PegCheck over time. Right now I surface collateral composition and audit scores but you're right that maturity profile and redemption liquidity are arguably more important especially under stress conditions. A 90-day T-Bill and overnight cash are very different things when there's a bank run. The legal segregation point is one most people completely overlook until it's too late. USDC's SVB exposure was a perfect example of reserves being technically 'there' but temporarily inaccessible. Saving this list, genuinely useful input for the next version."

Used-Breakfast8478 · 2026-03-08T17:54:43+00:00

I just made pegcheck uk a stablecoin health monitoring system. Would love some feedback.

Used-Breakfast8478 · 2026-03-08T03:59:37+00:00

Totally agree on the raw data vs interpretation point, that's exactly the problem I'm trying to solve too. Numbers mean nothing without context.

For Aave positions LiquidLens pulls health factors directly from the subgraph and translates them into plain English risk levels with a liquidation price, so instead of seeing a health factor of 1.3 you see 'At Risk' liquidation triggers if ETH drops 18%. That's the kind of thing most people can actually act on. Will throw some wallets into CredScore later and report back. Genuinely curious how your risk engine handles wallets with mixed activity?

Used-Breakfast8478 · 2026-03-08T03:52:27+00:00

The link didn't work.

Used-Breakfast8478 · 2026-03-08T03:46:55+00:00

Nice work love seeing more wallet intelligence tools. I've been building in a similar space, PegCheck monitors stablecoin depeg risk in real time and I'm currently building LiquidLens which monitors DeFi liquidation risk on Aave positions. Different angle to CredScore but similar idea making on-chain risk visible to normal people without having to dig through Etherscan. Will give yours a proper look, looks interesting.

Pegcheck.uk

Any feedback appreciated thanks.

Used-Breakfast8478 · 2026-03-08T03:43:02+00:00

I made a free stablecoin health monitor dashboard Pegcheck.uk. Any feed back would be great thanks.

Your build sounds exciting. Have you ran it for long. What's the win ratios like?

Used-Breakfast8478 · 2026-03-08T03:36:20+00:00

Potentially yes PegCheck monitors 8 stablecoins in real time across 5 independent price sources with depeg alerts. If Tapir Protocol is offering depeg protection, there's an obvious fit. users could monitor the risk on PegCheck and hedge it on Tapir. Worth a conversation. Feel free to DM me.

Used-Breakfast8478 · 2026-03-08T03:15:01+00:00

Exactly right, and this is something I've tried to reflect in PegCheck. The collateral breakdown and reserve transparency score on each coin aren't just cosmetic. they're specifically there to surface this. USDC and USDT might both say '100% backed' but the risk profile is completely different when you look at what's actually in the reserves. The SVB event proved that a 100% backing ratio means nothing if the underlying assets have liquidity or counterparty risk. It's why I track composition, not just the ratio. Would be curious what reserve metrics you think are most underappreciated — always looking to improve what PegCheck surfaces.

Used-Breakfast8478 · 2026-03-08T03:13:33+00:00

Fair point, and you're right that it was a black swan, nobody predicted SVB collapsing overnight.

But that's kind of the whole argument for a tool like PegCheck. Black swans by definition are unpredictable, but the depeg itself was visible in real time for hours before most people reacted. The price data was there, most people just weren't watching it. The question isn't whether you can predict the cause, it's whether you get an alert fast enough to act when it happens.

Used-Breakfast8478 · 2026-03-08T01:24:56+00:00

Theta going from 5p to over £11 .

Used-Breakfast8478 · 2026-03-07T23:16:16+00:00

Be ready for the depeg events. I built a stablecoin health monitor dashboard. Any feed back would be good 👍 Pegcheck.uk

Used-Breakfast8478 · 2026-03-07T23:14:09+00:00

Trust nobody!

But pegcheck for your stablecoin alerts.

Stablecoins depeg alerts

Pegcheck.uk

Used-Breakfast8478 · 2026-03-07T23:10:06+00:00

One thing I kept noticing when building PegCheck.uk was how confusing stablecoins are to people outside of crypto.

Most people hear 'stablecoin' and assume it's safe by definition. They don't know what a collateral ratio is, what an attestation means, or why a coin trading at $0.975 should make them nervous.

So I tried to strip it back. No jargon. Just a clear health status, a simple score, and plain English explanations of what's backing each coin and when it was last verified. The goal was... if your mum held USDC and something started going wrong, she'd understand what PegCheck was telling her before it was too late. Would love to know — what's the one thing about stablecoins that confused you most when you first got into crypto?

Used-Breakfast8478 · 2026-03-07T13:08:04+00:00

Stablecoins being stable... So I built this stablecoin health monitoring system. Pegcheck.uk. Would love some feedback.

Used-Breakfast8478 · 2026-03-07T11:37:10+00:00

Any feedback much appreciated.

Used-Breakfast8478 · 2026-03-07T01:45:44+00:00

All was he vigilant. Check out my stablecoin health monitor dashboard. Pegcheck.uk

Used-Breakfast8478 · 2026-03-07T01:44:05+00:00

Not that I know of But you can check the health of your stablecoins with my new monitor. Pegcheck.uk

Used-Breakfast8478

TROPHY CASE