cbZEC / USDC on Base (77% LLTV)
A Morpho market on Base where people borrow USDC against cbZEC. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 5.61% a year and borrowers pay 7.05% right now.
Data from Morpho's API · updated
Borrow APY
7.05%
30-day average 9.24%
Supply APY
5.61%
30-day average 8.31%
Supplied
$17.2K
17.25K USDC
Borrowed
$13.8K
80.1% utilization
Available to borrow
$3.4K
free liquidity right now
Collateral posted
$22.9K
24.31 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 7.71% 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) | 77%fixed for the life of the market |
|---|---|
| Liquidation bonus | 7.41%extra collateral a liquidator receives |
| cbZEC price in USDC | 940.36 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x3a7A…ecf7 |
| Price feeds | 0x69e5…6ec0 0x7e86…bc6B |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | cbZECprice $944 |
| Borrowers | 9 |
| Created | September 8, 2026 |
| Market ID | 0x3b82e29f…c4bc10 |
| Rate model | 0x4641…2687 |
| cbZEC token | 0xB200…b2EC |
| USDC token | 0x8335…2913 |
Vaults lending here
$16.9K of the $17.2K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| К3 cbMaxxxing USDCV2lends directly | $16.9K |
Largest borrowers
9 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x11F5…E906 | $6.0K | 1.59 |
| 0x577a…A2b6 | $4.3K | 1.40 |
| 0x242c…e9b0 | $3.8K | 1.15 |
| 0x37C1…331e | $908 | 1.71 |
| 0x9bf6…c522 | $754 | 2.85 |
| 0x91CB…4DdE | $199 | 1.52 |
| 0xd6A1…5c84 | $163 | 1.39 |
| 0xEb13…3dCb | $35.00 | 71.99 |
| 0x987C…E53D | $0 | 1.30 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
4 in the last 30 days, $27.6K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $6.2K6.19K USDC | 0x111c…d7d7 | |
| $3.7K3.72K USDC | 0xa0db…e3f6 | |
| $14.2K14.22K USDC | 0xf896…b1d2 | |
| $3.5K3.47K USDC | 0x647b…50f5 |
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 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $17.2K is supplied and $13.8K borrowed, so 80.1% of the market is in use, backed by $22.9K of cbZEC from 9 borrowers. Borrowers pay 7.05% a year, 9.24% on average over the last 30 days. Lenders earn 5.61%.
1 listed vault lends here, providing $16.9K of the supply; the largest is К3 cbMaxxxing USDC. Liquidators who close an unsafe loan here receive a 7.41% bonus in cbZEC. If cbZEC fell 20% against USDC, about $5.6K of collateral would be at risk of liquidation. 4 loans were liquidated here in the last 30 days.
cbZEC / USDC (77% LLTV) on Base: quick answers
What is the USDC borrow rate against cbZEC on Morpho Base?
In this market it is 7.05% a year right now, and it averaged 9.24% 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 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes cbZEC worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cbZEC fell to about 610.62 USDC.
How much USDC can be borrowed here right now?
$3.4K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the cbZEC / USDC market?
Lenders earn 5.61% a year right now (8.31% averaged over 30 days). Most lend through vaults, such as К3 cbMaxxxing 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 62.5% | 5.67% | 6.51% |
