Liquidium reports $30,000 in OISY borrow volume after ICP integration

Liquidium says borrowing activity through its OISY Wallet integration has reached $30,000 since the release of its ICP borrowing feature last week, with users taking out loans against ICP, Bitcoin and Ethereum holdings.

The lending protocol announced the figure on X, where it said OISY users are using the integration to borrow against their crypto assets while earning yield on ckAssets.

According to the announcement, the integration allows users to use ICP, BTC and ETH as collateral for borrowing, expanding the lending options available through the OISY Wallet ecosystem.

Liquidium said borrow volume had reached $30,000 and suggested it was looking towards higher levels of activity, asking whether $100,000 could be the next milestone.

The update also showed that 20 loans had been issued through OISY since the integration went live.

Borrowing against crypto assets has become a common feature across decentralised finance platforms, allowing users to access liquidity without selling their holdings. The model can be attractive to users who want to retain exposure to assets such as Bitcoin or Ether while unlocking capital for other purposes.

The integration with OISY Wallet is part of a broader trend of wallet applications expanding beyond simple asset storage to include lending, borrowing and yield-generating services.

Liquidium did not provide details on average loan size, collateral ratios or the timeframe over which the $30,000 volume was recorded beyond stating that it followed last week’s release.

While the early figures suggest initial user activity, the longer-term success of the integration will depend on sustained borrowing demand, available liquidity and broader conditions in the digital asset market.

For now, the announcement points to growing engagement with the new lending feature and provides an early indication of adoption following the OISY Wallet integration.