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A market here is a collateral PT, lending venue and debt token together, so the same PT appears more than once when it is looped on several venues or against several debt tokens. Loop share of borrow is looper debt over the venue market's total borrowing, so a high value means looping is the dominant borrower and effectively sets the borrow rate. Max leverage comes from the venue's borrow LTV with the Pendle UI haircut applied rather than from any position's actual leverage, and debt is principal only, so LTV and leverage are understated.

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