AERO / USDC on Base
A Morpho market on Base where people borrow USDC against AERO. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 4.53% a year and borrowers pay 5.05% right now.
Data from Morpho's API · updated
Borrow APY
5.05%
30-day average 5.11%
Supply APY
4.53%
30-day average 4.54%
Supplied
$297K
296.88K USDC
Borrowed
$267K
89.9% utilization
Available to borrow
$30.0K
free liquidity right now
Collateral posted
$1.13M
1.26M AERO
AERO / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
AERO / 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 5.05% 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 AERO collateral could be liquidated if its price fell by each amount
Based on today's loans and today's AERO price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 62.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 12.68%extra collateral a liquidator receives |
| AERO price in USDC | 0.894 USDC |
| Oracle | ChainlinkOracleV20x96F1…2269 |
| Price feeds | 0x4EC5…cfF0 0x7e86…bc6B |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 56.26% LTV |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | AEROprice $0.8943 |
| Borrow APY, last year | 5.51% |
| Borrowers | 115 |
| Created | June 5, 2024 |
| Market ID | 0xdaa04f68…c453d7 |
| Rate model | 0x4641…2687 |
| AERO token | 0x9401…8631 |
| USDC token | 0x8335…2913 |
Vaults lending here
$297K of the $297K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse High Yield USDCV2lends directly | $266K |
| Steakhouse High Yield USDC v1.1lends directly | $30.5K |
Largest borrowers
115 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x3C20…D071 | $63.0K | 2.03 |
| 0xbF6C…f101 | $25.7K | 2.88 |
| 0x89De…E462 | $23.0K | 1.87 |
| 0xf770…e0bD | $21.9K | 2.65 |
| 0x06c7…eb37 | $17.1K | 3.40 |
| 0x66Ef…Ca13 | $14.5K | 1.29 |
| 0xD326…7057 | $13.9K | 2.25 |
| 0xA245…9Be0 | $10.3K | 2.28 |
| 0x3e87…AA13 | $10.1K | 3.77 |
| 0xD86b…FA7f | $10.0K | 9.16 |
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
| When | Debt repaid | Transaction |
|---|---|---|
| $2.522.52 USDC | 0x3213…76a5 |
About the AERO / USDC market
The AERO / USDC market on Base was created on June 5, 2024. Anyone can lend USDC into it, and anyone holding AERO can borrow that USDC against it, up to a loan-to-value of 62.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $297K is supplied and $267K borrowed, so 89.9% of the market is in use, backed by $1.13M of AERO from 115 borrowers. Borrowers pay 5.05% a year, 5.11% on average over the last 30 days and 5.51% over the last year. Lenders earn 4.53%.
2 listed vaults lend here, providing $297K of the supply; the largest are Steakhouse High Yield USDC and Steakhouse High Yield USDC v1.1. Liquidators who close an unsafe loan here receive a 12.68% bonus in AERO. If AERO fell 20% against USDC, about $200 of collateral would be at risk of liquidation.
AERO / USDC on Base: quick answers
What is the USDC borrow rate against AERO on Morpho Base?
In this market it is 5.05% a year right now, and it averaged 5.11% 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 AERO / USDC loan liquidated?
When the loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes AERO worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if AERO fell to about 0.716 USDC.
How much USDC can be borrowed here right now?
$30.0K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the AERO / USDC market?
Lenders earn 4.53% a year right now (4.54% averaged over 30 days). Most lend through vaults, such as Steakhouse High Yield USDC and Steakhouse High Yield USDC v1.1, which spread deposits across several markets.
More ways to borrow against AERO
Other loan assets with AERO as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| AERO / WETHBase · LLTV 77% | 0.11% | 0.12%−3.50% rewards |
