cbZEC / USDC on Base (62.5% LLTV)
A Morpho market on Base where people borrow USDC against cbZEC. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 5.67% a year and borrowers pay 6.51% right now.
Data from Morpho's API · updated
Borrow APY
6.51%
30-day average 7.18%
Supply APY
5.67%
30-day average 6.49%
Supplied
$3.78M
3.78M USDC
Borrowed
$3.30M
87.4% utilization
Available to borrow
$475K
up to $690K with vault liquidity
Collateral posted
$8.25M
8.74K cbZEC
cbZEC / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
cbZEC / 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 6.65% 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 cbZEC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's cbZEC 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 |
| cbZEC price in USDC | 940.11 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xa3CB…A272 |
| Price feeds | 0xC4a1…4890 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | cbZECprice $944 |
| Borrowers | 490 |
| Created | September 8, 2026 |
| Market ID | 0xe458a501…ce1327 |
| Rate model | 0x4641…2687 |
| cbZEC token | 0xB200…b2EC |
| USDC token | 0x8335…2913 |
Vaults lending here
$3.74M of the $3.78M supplied comes from these vaults
Largest borrowers
490 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x5b61…F1C0 | $669K | 1.79 |
| 0xC487…5b55 | $103K | 1.65 |
| 0xd22D…8251 | $102K | 1.48 |
| 0x25d7…02eC | $101K | 1.33 |
| 0x84af…2425 | $101K | 1.64 |
| 0xDACc…A941 | $100K | 2.00 |
| 0xe8E6…fFBE | $99.3K | 1.44 |
| 0x85E1…3De4 | $97.1K | 2.08 |
| 0x2f2D…A905 | $90.1K | 1.41 |
| 0x8194…433f | $89.9K | 1.78 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
93 in the last 30 days, $150K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $8.318.32 USDC | 0xc625…9493 | |
| $127127.29 USDC | 0x8840…a02f | |
| $111111.23 USDC | 0x1068…fe62 | |
| $483482.97 USDC | 0x1068…fe62 | |
| $172172.14 USDC | 0x4995…de75 | |
| $41.1041.11 USDC | 0x13bf…cf4e | |
| $47.7K47.73K USDC | 0x13bf…cf4e | |
| $1.3K1.28K USDC | 0x3123…b5b8 | |
| $3.0K3.03K USDC | 0x3123…b5b8 | |
| $3.7K3.67K USDC | 0x3123…b5b8 |
About the cbZEC / USDC market
The cbZEC / USDC market on Base was created on September 8, 2026. Anyone can lend USDC into it, and anyone holding cbZEC 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 $3.78M is supplied and $3.30M borrowed, so 87.4% of the market is in use, backed by $8.25M of cbZEC from 490 borrowers. Borrowers pay 6.51% a year, 7.18% on average over the last 30 days. Lenders earn 5.67%.
5 listed vaults lend here, providing $3.74M of the supply; the largest are Steakhouse High Yield USDC Edition, Clearstar cbAssets Vault and Steakhouse High Yield USDC. Liquidators who close an unsafe loan here receive a 12.68% bonus in cbZEC. If cbZEC fell 20% against USDC, about $644K of collateral would be at risk of liquidation. 93 loans were liquidated here in the last 30 days.
cbZEC / USDC (62.5% LLTV) on Base: quick answers
What is the USDC borrow rate against cbZEC on Morpho Base?
In this market it is 6.51% a year right now, and it averaged 7.18% 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 cbZEC / USDC loans liquidated?
When a loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes cbZEC worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cbZEC fell to about 752.09 USDC.
How much USDC can be borrowed here right now?
$475K is free in the market, and vaults can move in up to $216K more through Morpho's public allocator, for about $690K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the cbZEC / USDC market?
Lenders earn 5.67% a year right now (6.49% averaged over 30 days). Most lend through vaults, such as Steakhouse High Yield USDC Edition, Clearstar cbAssets Vault and Steakhouse High Yield USDC, which spread deposits across several markets.
Other cbZEC / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| cbZEC / USDCBase · LLTV 77% | 5.61% | 7.05% |
