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Morpho Watch

mUSD on Morpho

MetaMask USD (mUSD) on Morpho, on every network: $1.00 in 1 vault, $3.49M lent in 2 markets. Rates differ between vaults and markets because each has its own borrowers, collateral and curator.

Data from Morpho's API · updated

Best vault net APY

–

no vault with $1M+ deposited

Best market supply APY

3.13%

against PT-AUSD-8OCT2026, Monad

Cheapest to borrow

4.19%

against PT-AUSD-8OCT2026, Monad

Posted as collateral

$0

0 markets

Earn on mUSD: vaults

Deposit mUSD and a curator lends it out for you. Net APY is after the curator's fee.

Vaults that take mUSD
Vault Deposits Net APY 30-day APY Fee Withdrawable
Steakhouse mUSD ReservedV2Steakhouse Financial · Monad · $1.00 $1.001.00 mUSD 0.00% 0.00% 0% $1.00

Borrow mUSD: markets

Markets that lend out mUSD, each against one kind of collateral.

Markets that lend mUSD
Market Supplied Supply APY Borrowed Borrow APY Utilization
PT-AUSD-8OCT2026 / mUSDMonad · LLTV 91.5% $3.48M3.48M mUSD 3.13% $2.61M$2.95M collateral 4.19% 75.0%
WETH / mUSDMonad · LLTV 86% $6.7K6.68K mUSD 2.88% $4.7K$13.4K collateral 4.15% 69.8%

mUSD on Morpho: quick answers

Where can I earn the most on mUSD on Morpho?

1 vault take mUSD deposits; the largest, Steakhouse mUSD Reserved, pays 0.00% net APY. None has $1M deposited yet.

Where is it cheapest to borrow mUSD on Morpho?

Borrowing mUSD against PT-AUSD-8OCT2026 on Monad costs 4.19% a year, the lowest among markets with at least $250K available.

Which networks is mUSD on Morpho available on?

Monad.

Borrowing against mUSD? Check your numbers with the liquidation price calculator. More assets on the assets page.