cbADA / USDC on Base (77% LLTV)
A Morpho market on Base where people borrow USDC against cbADA. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 2.28% a year and borrowers pay 2.54% right now.
Data from Morpho's API · updated
Borrow APY
2.54%
30-day average 2.96%
Supply APY
2.28%
30-day average 2.31%
Supplied
$925K
925.00K USDC
Borrowed
$832K
90.0% utilization
Available to borrow
$92.9K
free liquidity right now
Collateral posted
$2.28M
13.35M cbADA
cbADA / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
cbADA / 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 2.54% 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 cbADA collateral could be liquidated if its price fell by each amount
Based on today's loans and today's cbADA price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 77%fixed for the life of the market |
|---|---|
| Liquidation bonus | 7.41%extra collateral a liquidator receives |
| cbADA price in USDC | 0.172 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x35D8…e45f |
| Price feeds | 0x34cD…9041 |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 72.74% LTV |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | cbADAprice $0.1707 |
| Borrow APY, last year | 5.82% |
| Borrowers | 22 |
| Created | October 10, 2025 |
| Market ID | 0xf2a59ad1…28c6ab |
| Rate model | 0x4641…2687 |
| cbADA token | 0xcbAD…7b8c |
| USDC token | 0x8335…2913 |
Vaults lending here
$925K of the $925K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Clearstar cbAssets VaultV2lends directly | $925K |
Largest borrowers
22 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x44aE…6080 | $706K | 2.13 |
| 0x5517…d7A6 | $59.2K | 3.45 |
| 0xf92D…0BC5 | $40.0K | 1.41 |
| 0xBB18…C6F1 | $7.0K | 1.50 |
| 0x0a31…2915 | $5.4K | 1.63 |
| 0xD648…D0C4 | $4.3K | 1.65 |
| 0x9B7f…8c0f | $2.1K | 3.06 |
| 0x00a3…9fF9 | $1.9K | 1.13 |
| 0xC3E4…8187 | $1.9K | 1.40 |
| 0x51b1…b880 | $1.0K | 4.19 |
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 cbADA / USDC market
The cbADA / USDC market on Base was created on October 10, 2025. Anyone can lend USDC into it, and anyone holding cbADA can borrow that USDC against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $925K is supplied and $832K borrowed, so 90.0% of the market is in use, backed by $2.28M of cbADA from 22 borrowers. Borrowers pay 2.54% a year, 2.96% on average over the last 30 days and 5.82% over the last year. Lenders earn 2.28%.
1 listed vault lends here, providing $925K of the supply; the largest is Clearstar cbAssets Vault. Liquidators who close an unsafe loan here receive a 7.41% bonus in cbADA. If cbADA fell 20% against USDC, about $2.8K of collateral would be at risk of liquidation.
cbADA / USDC (77% LLTV) on Base: quick answers
What is the USDC borrow rate against cbADA on Morpho Base?
In this market it is 2.54% a year right now, and it averaged 2.96% 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 cbADA / USDC loans liquidated?
When a loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes cbADA worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cbADA fell to about 0.111 USDC.
How much USDC can be borrowed here right now?
$92.9K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the cbADA / USDC market?
Lenders earn 2.28% a year right now (2.31% averaged over 30 days). Most lend through vaults, such as Clearstar cbAssets Vault, which spread deposits across several markets.
Other cbADA / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| cbADA / USDCBase · LLTV 62.5% | 5.68% | 6.71% |
