cbXRP / USDC on Base (86% LLTV)
A Morpho market on Base where people borrow USDC against cbXRP. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 2.11% a year and borrowers pay 2.27% right now.
Data from Morpho's API · updated
Borrow APY
2.27%
30-day average 1.27%
Supply APY
2.11%
30-day average 1.18%
Supplied
$669K
668.67K USDC
Borrowed
$622K
93.0% utilization
Available to borrow
$46.8K
free liquidity right now
Collateral posted
$946K
925.66K 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 1.19% 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) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| cbXRP price in USDC | 1.03 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xef19…724c |
| Price feeds | 0xF350…340b 0x7e86…bc6B |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | cbXRPprice $1.0223 |
| Borrowers | 12 |
| Created | September 4, 2026 |
| Market ID | 0x9f52c2f3…3aa04f |
| Rate model | 0x4641…2687 |
| cbXRP token | 0xcb58…a4af |
| USDC token | 0x8335…2913 |
Vaults lending here
$668K of the $669K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| К3 cbMaxxxing USDCV2lends directly | $668K |
Largest borrowers
12 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x4208…deB5 | $238K | 1.28 |
| 0xb6A8…aE58 | $136K | 1.52 |
| 0xeB95…4de6 | $112K | 1.29 |
| 0x0988…0AC3 | $107K | 1.29 |
| 0x11F5…E906 | $20.4K | 1.20 |
| 0xBB18…C6F1 | $2.5K | 1.28 |
| 0x4030…CF2f | $2.0K | 3.90 |
| 0x5453…A5b0 | $1.5K | 1.88 |
| 0x220A…c4eE | $716 | 1.27 |
| 0xFea8…C46a | $200 | 4.53 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
1 in the last 30 days, $4.4K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $4.4K4.44K USDC | 0xded8…a5b6 |
About the cbXRP / USDC market
The cbXRP / USDC market on Base was created on September 4, 2026. Anyone can lend USDC into it, and anyone holding cbXRP 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 $669K is supplied and $622K borrowed, so 93.0% of the market is in use, backed by $946K of cbXRP from 12 borrowers. Borrowers pay 2.27% a year, 1.27% on average over the last 30 days. Lenders earn 2.11%.
1 listed vault lends here, providing $668K of the supply; the largest is К3 cbMaxxxing USDC. Liquidators who close an unsafe loan here receive a 4.38% bonus in cbXRP. If cbXRP fell 20% against USDC, about $28.5K of collateral would be at risk of liquidation. 1 loan was liquidated here in the last 30 days.
cbXRP / USDC (86% LLTV) on Base: quick answers
What is the USDC borrow rate against cbXRP on Morpho Base?
In this market it is 2.27% a year right now, and it averaged 1.27% 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 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes cbXRP worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cbXRP fell to about 0.599 USDC.
How much USDC can be borrowed here right now?
$46.8K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the cbXRP / USDC market?
Lenders earn 2.11% a year right now (1.18% averaged over 30 days). Most lend through vaults, such as К3 cbMaxxxing 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 77% | 5.45% | 6.01%−1.00% rewards |
