> For the complete documentation index, see [llms.txt](https://docs.granite.world/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.granite.world/protocol-mechanics/interest-rates/utilization-rate.md).

# Utilization Rate

The Utilization Rate is the ratio of borrowed assets to the total supply of the asset.

> Example: If there is $50,000 in borrowed USDC and $100,000 in total supply, the Utilization Rate is 50%.