PT-USDai-15OCT2026 / USDC on Arbitrum
A Morpho market on Arbitrum where people borrow USDC against PT-USDai-15OCT2026. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 4.86% a year and borrowers pay 5.58% right now.
Data from Morpho's API · updated
Borrow APY
5.58%
30-day average 6.55%
Supply APY
4.86%
30-day average 5.89%
Supplied
$2.74M
2.74M USDC
Borrowed
$2.39M
87.4% utilization
Available to borrow
$345K
up to $345K with vault liquidity
Collateral posted
$2.75M
2.76M PT-USDai-15OCT2026
PT-USDai-15OCT2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-USDai-15OCT2026 / USDC interest rate curve
What borrowers would pay at each utilization level, with today's settings
Borrow APY Supply APY
At the 90% target, borrowers pay 5.71% right now. Below it the rate falls to as little as a quarter of that; above it, it climbs to four times that when the market is fully borrowed. The curve itself also moves: while utilization stays above 90% the whole curve drifts up, and below 90% it drifts down. How Morpho interest rates work.
Liquidation map
How much PT-USDai-15OCT2026 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-USDai-15OCT2026 price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 91.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 2.62%extra collateral a liquidator receives |
| PT-USDai-15OCT2026 price in USDC | 0.996 USDC |
| Oracle | Unknown0xaAe5…15b1 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | PT-USDai-15OCT2026price $0.9954 |
| Borrowers | 35 |
| Created | June 25, 2026 |
| Market ID | 0x97cb4b88…022985 |
| Rate model | 0x66F3…06DA |
| PT-USDai-15OCT2026 token | 0xC9d2…ccaE |
| USDC token | 0xaf88…5831 |
Vaults lending here
$2.72M of the $2.74M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse High Yield USDClends directly | $2.72M |
Largest borrowers
35 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xd3f7…C5Ae | $1.10M | 1.02 |
| 0xf476…49a6 | $310K | 1.02 |
| 0xA7a7…0ef8 | $238K | 1.11 |
| 0x1dF7…cea0 | $204K | 1.08 |
| 0xD0cb…E0C5 | $129K | 1.07 |
| 0x7309…05b9 | $123K | 1.06 |
| 0x75BD…AA75 | $46.2K | 1.04 |
| 0xE8d8…0E04 | $44.8K | 1.12 |
| 0xA9B1…790D | $32.7K | 1.02 |
| 0xB93B…A1C3 | $28.6K | 1.24 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
None recorded in the last 90 days
About the PT-USDai-15OCT2026 / USDC market
The PT-USDai-15OCT2026 / USDC market on Arbitrum was created on June 25, 2026. Anyone can lend USDC into it, and anyone holding PT-USDai-15OCT2026 can borrow that USDC against it, up to a loan-to-value of 91.5% (its LLTV), where liquidation starts. Prices come from a custom oracle; check its source before borrowing or lending.
Right now $2.74M is supplied and $2.39M borrowed, so 87.4% of the market is in use, backed by $2.75M of PT-USDai-15OCT2026 from 35 borrowers. Borrowers pay 5.58% a year, 6.55% on average over the last 30 days. Lenders earn 4.86%.
1 listed vault lends here, providing $2.72M of the supply; the largest is Steakhouse High Yield USDC. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-USDai-15OCT2026. If PT-USDai-15OCT2026 fell 20% against USDC, about $2.71M of collateral would be at risk of liquidation.
PT-USDai-15OCT2026 / USDC on Arbitrum: quick answers
What is the USDC borrow rate against PT-USDai-15OCT2026 on Morpho Arbitrum?
In this market it is 5.58% a year right now, and it averaged 6.55% over the last 30 days. The rate is variable: it follows how much of the market's USDC is borrowed, rising quickly above 90%.
When is a PT-USDai-15OCT2026 / USDC loan liquidated?
When the loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes PT-USDai-15OCT2026 worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-USDai-15OCT2026 fell to about 0.544 USDC.
How much USDC can be borrowed here right now?
$345K is free in the market, and vaults can move in up to $0.01 more through Morpho's public allocator, for about $345K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the PT-USDai-15OCT2026 / USDC market?
Lenders earn 4.86% a year right now (5.89% averaged over 30 days). Most lend through vaults, such as Steakhouse High Yield USDC, which spread deposits across several markets.
Does the PT-USDai-15OCT2026 / USDC market have any warnings?
Morpho's app flags: unrecognized collateral.