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Morpho Watch

GOOGLc / USDC on Base

A Morpho market on Base where people borrow USDC against GOOGLc. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 4.79% a year and borrowers pay 5.33% right now.

Data from Morpho's API · updated

Borrow APY

5.33%

paid by borrowers

Supply APY

4.79%

earned by lenders

Supplied

$54.5K

54.49K USDC

Borrowed

$49.0K

90.0% utilization

Available to borrow

$5.4K

up to $211K with vault liquidity

Collateral posted

$78.6K

228.57 GOOGLc

Open in the Morpho app ↗Liquidation price calculatorBorrow cost calculator

GOOGLc / USDC rate history

Average supply and borrow APY for each day

Utilization

GOOGLc / 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 5.32% 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 GOOGLc collateral could be liquidated if its price fell by each amount

Based on today's loans and today's GOOGLc 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 bonus7.41%extra collateral a liquidator receives
GOOGLc price in USDC343.70 USDC
OracleChainlinkOracleV20x24DC…Cf99
Price feeds0x5bF4…34F2
Market feeNoneshare of interest taken by the protocol

LLTV and liquidations · How oracles work

Details

Loan assetUSDCprice $0.9999
CollateralGOOGLcprice $344
Borrowers7
CreatedSeptember 7, 2026
Market ID0xa3913d89…e684cc
Rate model0x4641…2687
GOOGLc token0xb200…58B7
USDC token0x8335…2913

Vaults lending here

$54.3K of the $54.5K supplied comes from these vaults

VaultLent hereVault net APYVault deposits
Steakhouse High Yield USDC v1.1lends directly$42.5K5.33%$929K
Steakhouse High Yield USDCV2lends directly$11.7K4.79%$27.47M

Largest borrowers

7 open loans in this market

AddressBorrowedCollateralHealthPrice drop to liquidation
0x01DB…A362$43.7K$66.7K1.1815.0%
0x8E87…0e9f$5.0K$10.8K1.6639.8%
0x7eef…D5e1$320$7971.9247.8%
0x3A6f…E2F7$40.00$1062.0451.0%
0x6171…Efb3$6.00$21.002.6061.5%
0x2584…Dd5a$5.00$10.001.5435.1%
0xfeed…3C9a$1.00$4.003.1268.0%

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

All liquidations →

About the GOOGLc / USDC market

The GOOGLc / USDC market on Base was created on September 7, 2026. Anyone can lend USDC into it, and anyone holding GOOGLc 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 $54.5K is supplied and $49.0K borrowed, so 90.0% of the market is in use, backed by $78.6K of GOOGLc from 7 borrowers. Borrowers pay 5.33% a year. Lenders earn 4.79%.

2 listed vaults lend here, providing $54.3K of the supply; the largest are Steakhouse High Yield USDC v1.1 and Steakhouse High Yield USDC. Liquidators who close an unsafe loan here receive a 7.41% bonus in GOOGLc. If GOOGLc fell 20% against USDC, about $66.7K of collateral would be at risk of liquidation.

GOOGLc / USDC on Base: quick answers

What is the USDC borrow rate against GOOGLc on Morpho Base?

In this market it is 5.33% a year right now. The rate is variable: it follows how much of the market's USDC is borrowed, rising quickly above 90%.

When is a GOOGLc / USDC loan liquidated?

When the loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes GOOGLc worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if GOOGLc fell to about 223.18 USDC.

How much USDC can be borrowed here right now?

$5.4K is free in the market, and vaults can move in up to $206K more through Morpho's public allocator, for about $211K in all. Borrowing more than that would have to wait for repayments or new lenders.

What do lenders earn in the GOOGLc / USDC market?

Lenders earn 4.79% a year right now. Most lend through vaults, such as Steakhouse High Yield USDC v1.1 and Steakhouse High Yield USDC, which spread deposits across several markets.