cbXRP / USDC on Base (77% LLTV)
A Morpho market on Base where people borrow USDC against cbXRP. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 5.45% a year and borrowers pay 6.01% right now.
Data from Morpho's API · updated
Borrow APY
6.01%
30-day average 4.66%
Supply APY
5.45%
30-day average 3.98%
Supplied
$1.77M
1.78M USDC
Borrowed
$1.61M
90.9% utilization
Available to borrow
$161K
up to $359K with vault liquidity
Collateral posted
$3.40M
3.32M cbXRP
cbXRP / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
cbXRP / 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 4.66% 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 cbXRP collateral could be liquidated if its price fell by each amount
Based on today's loans and today's cbXRP 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 |
| cbXRP price in USDC | 1.03 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x031b…0fdE |
| Price feeds | 0x9f0C…6D34 |
| 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 | cbXRPprice $1.0223 |
| Borrow APY, last year | 6.00% |
| Borrowers | 47 |
| Created | October 10, 2025 |
| Market ID | 0xfdfecf85…959783 |
| Rate model | 0x4641…2687 |
| cbXRP token | 0xcb58…a4af |
| USDC token | 0x8335…2913 |
Vaults lending here
$1.77M of the $1.77M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Clearstar cbAssets VaultV2lends directly | $1.46M |
| К3 cbMaxxxing USDCV2lends directly | $271K |
| Yearn OG USDClends directly | $17.0K |
| Yield Clearstar USDClends directly | $15.0K |
Largest borrowers
47 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xf840…a75D | $604K | 1.42 |
| 0x0988…0AC3 | $394K | 1.28 |
| 0x5130…6E54 | $318K | 2.45 |
| 0x831F…Cd44 | $72.3K | 1.08 |
| 0xfAdD…5E91 | $34.9K | 2.37 |
| 0x5789…b7d4 | $25.8K | 1.37 |
| 0x076c…eCc3 | $25.2K | 2.40 |
| 0xa00B…7962 | $22.5K | 1.40 |
| 0x00C8…D1Fd | $20.1K | 1.83 |
| 0xCf09…78Ea | $18.4K | 1.16 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
2 in the last 30 days, $8.6K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $8.1K8.11K USDC | 0xe7a9…16ff | |
| $481480.91 USDC | 0x3fd6…4efb | |
| $9.399.39 USDC | 0x54c8…695d |
About the cbXRP / USDC market
The cbXRP / USDC market on Base was created on October 10, 2025. Anyone can lend USDC into it, and anyone holding cbXRP 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 $1.77M is supplied and $1.61M borrowed, so 90.9% of the market is in use, backed by $3.40M of cbXRP from 47 borrowers. Borrowers pay 6.01% a year, 4.66% on average over the last 30 days and 6.00% over the last year. Lenders earn 5.45%.
4 listed vaults lend here, providing $1.77M of the supply; the largest are Clearstar cbAssets Vault, К3 cbMaxxxing USDC and Yearn OG USDC. Liquidators who close an unsafe loan here receive a 7.41% bonus in cbXRP. If cbXRP fell 20% against USDC, about $129K of collateral would be at risk of liquidation. 2 loans were liquidated here in the last 30 days.
cbXRP / USDC (77% LLTV) on Base: quick answers
What is the USDC borrow rate against cbXRP on Morpho Base?
In this market it is 6.01% a year right now, and it averaged 4.66% 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 cbXRP / 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 cbXRP worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cbXRP fell to about 0.668 USDC.
How much USDC can be borrowed here right now?
$161K is free in the market, and vaults can move in up to $198K more through Morpho's public allocator, for about $359K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the cbXRP / USDC market?
Lenders earn 5.45% a year right now (3.98% averaged over 30 days). Most lend through vaults, such as Clearstar cbAssets Vault, К3 cbMaxxxing USDC and Yearn OG USDC, which spread deposits across several markets.
Other cbXRP / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| cbXRP / USDCBase · LLTV 62.5% | 5.67% | 6.69% |
| cbXRP / USDCBase · LLTV 86% | 2.11% | 2.27% |
