Morpho Watch

USDG on Morpho

Global Dollar (USDG) on Morpho, on every network: $666.2M in 10 vaults, $648.0M lent in 14 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

7.11%

Steakhouse USDG Pro

Best market supply APY

5.07%

against USDe, Robinhood Chain

Cheapest to borrow

3.25%

against syrupUSDG, Arbitrum

In vaults

$666.2M

10 vaults

Earn on USDG: vaults

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

Vaults that take USDG
Vault Deposits Net APY 30‑day APY Fee Withdrawable
Steakhouse USDGV2⚠ Deposits switched offSteakhouse Financial · Robinhood Chain · $528.1M $528.1M528.11M USDG 4.64% 4.07% 0% $50.90M
Steakhouse USDG ProV2Steakhouse Financial · Arbitrum · $80.24M $80.24M80.24M USDG 7.11%incl. 4.50% rewards 2.72% 10% $13.92M
Gauntlet USDG PremiumV2Gauntlet · Arbitrum · $57.07M $57.07M57.07M USDG 7.11%incl. 4.50% rewards 2.75% 10% $40.0K
Galaxy USDG RH Stock TokensV2Galaxy Curation · Robinhood Chain · $503K $503K502.91K USDG 0.50% 0.44% 0%+0.0% a year $240K
Yearn Stonk USDGV2Yearn · Robinhood Chain · $208K $208K207.82K USDG 4.54% 2.60% 10% $205K
Purinta USDGV2Api3 · Robinhood Chain · $68.7K $68.7K68.69K USDG 6.65% 5.84% 5% $52.5K
MEV Capital USDGV2MEV Capital · Robinhood Chain · $8.00 $8.008.36 USDG 4.15% 4.32% 0% $2.00
Grove x Steakhouse USDGV2Steakhouse Financial · Ethereum · $1.00 $1.001.01 USDG 0.00% 0.00% 0% $1.00
Grove x Steakhouse USDGV2Steakhouse Financial · Ethereum · $1.00 $1.001.01 USDG 0.12% 0.12% 0% $1.00
Clearstar Core USDGV2Clearstar · Arbitrum · $1.00 $1.001.00 USDG 2.76% – 5% $1.00

Borrow USDG: markets

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

Markets that lend USDG
Market Supplied Supply APY Borrowed Borrow APY Utilization
USDe / USDGRobinhood Chain · LLTV 91.5% $354.4M354.41M USDG 5.07% $321.7M$361.3M collateral 5.60% 90.8%
syrupUSDG / USDGArbitrum · LLTV 91.5% $136.2M136.21M USDG 2.91% $122.3M$137.5M collateral 3.25% 89.8%
syrupUSDG / USDGRobinhood Chain · LLTV 91.5% $92.85M92.85M USDG 3.86% $83.60M$93.69M collateral 4.29% 90.0%
mGLO / USDGRobinhood Chain · LLTV 91.5% $37.90M37.90M USDG 4.96% $34.26M$39.63M collateral 5.50% 90.4%
mGLO / USDGRobinhood Chain · LLTV 91.5% $17.76M17.76M USDG 4.95% $16.00M$18.87M collateral 5.50% 90.1%
spUSDG / USDGRobinhood Chain · LLTV 91.5% $7.47M7.47M USDG 3.18% $6.74M$7.40M collateral 3.54% 90.2%
GLV [USDG-USDG] / USDGArbitrum · LLTV 62.5% $1.07M1.07M USDG 3.05% $880K$1.71M collateral 3.73% 82.1%
NVDA / USDGRobinhood Chain · LLTV 62.5% $251K250.81K USDG 1.05% $226K$621K collateral 1.16% 90.0%
GOOGL / USDGRobinhood Chain · LLTV 77% $37.8K37.83K USDG 3.67% $34.4K$67.1K collateral 4.04% 91.1%
GOOGL / USDGRobinhood Chain · LLTV 62.5% $11.8K11.76K USDG 1.37% $10.7K$31.2K collateral 1.51% 91.1%
SPY / USDGRobinhood Chain · LLTV 77% $11.2K11.24K USDG 3.67% $10.2K$23.1K collateral 4.04% 90.9%
SPCX / USDGRobinhood Chain · LLTV 62.5% $10.4K10.39K USDG 2.82% $9.4K$25.9K collateral 3.13% 90.1%
PONS / USDGRobinhood Chain · LLTV 62.5% $8.2K8.18K USDG 13.60% $7.4K$17.0K collateral 15.03% 91.1%
AI / USDGRobinhood Chain · LLTV 62.5% $7.6K7.57K USDG 13.53% $6.9K$15.4K collateral 15.03% 90.6%

About USDG on Morpho

Global Dollar (USDG) is on Morpho on 3 networks: Robinhood Chain, Arbitrum and Ethereum. Morpho prices it at $0.9999.

10 vaults take USDG deposits, holding $666.2M in all. The largest is Steakhouse USDG on Robinhood Chain, curated by Steakhouse Financial, with $528.1M deposited and paying 4.64% net APY after fees.

USDG is lent out in 14 markets, with $648.0M supplied and $585.8M borrowed. The largest is USDe / USDG on Robinhood Chain, where borrowers pay 5.60% and lenders earn 5.07%.

USDG on Morpho: quick answers

Where can I earn the most on USDG on Morpho?

Steakhouse USDG Pro on Arbitrum pays 7.11% net APY (4.50% of it in token rewards, which can stop at any time), the most among USDG vaults open to deposits with at least $1M in them. The largest USDG vault, Steakhouse USDG, pays 4.64% net APY.

Where is it cheapest to borrow USDG on Morpho?

Borrowing USDG against syrupUSDG on Arbitrum costs 3.25% a year, the lowest among markets in use with at least $250K left to borrow.

Which networks is USDG on Morpho available on?

Robinhood Chain, Arbitrum and Ethereum.

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