sUSDS / USDT0 on Arbitrum
A Morpho market on Arbitrum where people borrow USDT0 against sUSDS. A loan can be liquidated once it reaches 94.5% of the collateral's value. Lenders earn 3.24% a year and borrowers pay 3.63% right now.
Data from Morpho's API · updated
Borrow APY
3.63%
30-day average 3.53%
Supply APY
3.24%
30-day average 3.20%
Supplied
$158K
157.86K USDT0
Borrowed
$141K
89.4% utilization
Available to borrow
$16.6K
free liquidity right now
Collateral posted
$170K
152.64K sUSDS
sUSDS / USDT0 rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
sUSDS / USDT0 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 3.65% 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 sUSDS collateral could be liquidated if its price fell by each amount
Based on today's loans and today's sUSDS price in USDT0. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 94.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 1.68%extra collateral a liquidator receives |
| sUSDS price in USDT0 | 1.12 USDT0the market's oracle, which liquidations follow |
| Oracle | Unknown0x0611…51d7 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDT0price $0.9990 |
|---|---|
| Collateral | sUSDSprice $1.1159 |
| Borrowers | 17 |
| Created | December 17, 2025 |
| Market ID | 0xde895fd4…5d4ed2 |
| Rate model | 0x66F3…06DA |
| sUSDS token | 0xdDb4…7610 |
| USDT0 token | 0xFd08…Cbb9 |
Vaults lending here
$158K of the $158K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Bitget x Steakhouse USDTV2lends directly | $158K |
Largest borrowers
17 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x8d54…C198 | $85.5K | 1.00 |
| 0xc17A…9C65 | $34.4K | 1.00 |
| 0xb1FD…7596 | $14.7K | 1.79 |
| 0xa0aA…e647 | $5.1K | 2.51 |
| 0x4c96…79Aa | $651 | 1.08 |
| 0x6e92…2212 | $348 | 1.08 |
| 0x78fF…aF6e | $202 | 1.08 |
| 0xC30E…Eeb4 | $137 | 1.18 |
| 0xBAc7…c080 | $11.00 | 1.12 |
| 0x8716…9f1c | $6.00 | 1.25 |
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 sUSDS / USDT0 market
The sUSDS / USDT0 market on Arbitrum was created on December 17, 2025. Anyone can lend USDT0 into it, and anyone holding sUSDS can borrow that USDT0 against it, up to a loan-to-value of 94.5% (its LLTV), where liquidation starts. Prices come from a custom oracle; check its source before borrowing or lending.
Right now $158K is supplied and $141K borrowed, so 89.4% of the market is in use, backed by $170K of sUSDS from 17 borrowers. Borrowers pay 3.63% a year, 3.53% on average over the last 30 days. Lenders earn 3.24%.
1 listed vault lends here, providing $158K of the supply; the largest is Bitget x Steakhouse USDT. Liquidators who close an unsafe loan here receive a 1.68% bonus in sUSDS. If sUSDS fell 20% against USDT0, about $129K of collateral would be at risk of liquidation.
sUSDS / USDT0 on Arbitrum: quick answers
What is the USDT0 borrow rate against sUSDS on Morpho Arbitrum?
In this market it is 3.63% a year right now, and it averaged 3.53% over the last 30 days. The rate is variable: it follows how much of the market's USDT0 is borrowed, rising quickly above 90%.
When are sUSDS / USDT0 loans liquidated?
When a loan reaches 94.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes sUSDS worth 1.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if sUSDS fell to about 0.59 USDT0.
How much USDT0 can be borrowed here right now?
$16.6K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the sUSDS / USDT0 market?
Lenders earn 3.24% a year right now (3.20% averaged over 30 days). Most lend through vaults, such as Bitget x Steakhouse USDT, which spread deposits across several markets.
More ways to borrow against sUSDS
Other loan assets with sUSDS as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| sUSDS / USDTEthereum · LLTV 96.5% | 3.15% | 3.49% |
| sUSDS / USDTEthereum · LLTV 96.5% | 3.00% | 3.66% |
| sUSDS / USDCArbitrum · LLTV 94.5% | 3.35% | 3.71% |
| sUSDS / wARSEthereum · LLTV 62.5% | 1.95% | 2.41% |
