sUSDai / USDC on Arc
A Morpho market on Arc where people borrow USDC against sUSDai. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 4.85% a year and borrowers pay 5.42% right now.
Data from Morpho's API · updated
Borrow APY
5.42%
30-day average 5.47%
Supply APY
4.85%
30-day average 4.90%
Supplied
$68.8K
68.85K USDC
Borrowed
$61.8K
89.8% utilization
Available to borrow
$7.1K
free liquidity right now
Collateral posted
$147K
130.72K sUSDai
sUSDai / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
sUSDai / 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 5.43% 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 sUSDai collateral could be liquidated if its price fell by each amount
Based on today's loans and today's sUSDai price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| sUSDai price in USDC | 1.13 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x6B58…6727 |
| Price feeds | 0x2aB5…Fb63 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | sUSDaiprice $1.1244 |
| Borrowers | 5 |
| Created | September 15, 2026 |
| Market ID | 0x126759c3…3b7e5c |
| Rate model | 0xF026…3f20 |
| sUSDai token | 0x0B2b…5ef9 |
| USDC token | 0x3600…0000 |
Vaults lending here
$68.7K of the $68.8K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Bitwise Premium RWA USDCV2lends directly | $68.7K |
| Dialectic RWA USDCV2lends directly | $1.00 |
Largest borrowers
5 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x55Fa…272c | $47.2K | 2.37 |
| 0xbcDA…885e | $6.0K | 1.01 |
| 0xb32B…29bf | $4.8K | 1.01 |
| 0x49bD…572C | $3.8K | 1.02 |
| 0x2C6F…F40a | $0 | 38.36 |
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 sUSDai / USDC market
The sUSDai / USDC market on Arc was created on September 15, 2026. Anyone can lend USDC into it, and anyone holding sUSDai can borrow that USDC against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $68.8K is supplied and $61.8K borrowed, so 89.8% of the market is in use, backed by $147K of sUSDai from 5 borrowers. Borrowers pay 5.42% a year, 5.47% on average over the last 30 days. Lenders earn 4.85%.
2 listed vaults lend here, providing $68.7K of the supply; the largest are Bitwise Premium RWA USDC and Dialectic RWA USDC. Liquidators who close an unsafe loan here receive a 4.38% bonus in sUSDai. If sUSDai fell 20% against USDC, about $17.2K of collateral would be at risk of liquidation.
sUSDai / USDC on Arc: quick answers
What is the USDC borrow rate against sUSDai on Morpho Arc?
In this market it is 5.42% a year right now, and it averaged 5.47% 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 are sUSDai / USDC loans liquidated?
When a loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes sUSDai worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if sUSDai fell to about 0.654 USDC.
How much USDC can be borrowed here right now?
$7.1K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the sUSDai / USDC market?
Lenders earn 4.85% a year right now (4.90% averaged over 30 days). Most lend through vaults, such as Bitwise Premium RWA USDC and Dialectic RWA USDC, which spread deposits across several markets.
More ways to borrow against sUSDai
Other loan assets with sUSDai as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| sUSDai / USDTEthereum · LLTV 91.5% | 7.54% | 8.32% |
| sUSDai / AUSDEthereum · LLTV 86% | 4.91% | 5.47% |
| sUSDai / frxUSDEthereum · LLTV 86% | 3.99% | 4.45% |
