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Morpho Watch

JitoSOL / USDC on Base

A Morpho market on Base where people borrow USDC against JitoSOL. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 5.39% a year and borrowers pay 6.05% right now.

Data from Morpho's API · updated

Borrow APY

6.05%

30-day average 6.15%

Supply APY

5.39%

30-day average 5.47%

Supplied

$2.90M

2.90M USDC

Borrowed

$2.60M

89.4% utilization

Available to borrow

$307K

up to $559K with vault liquidity

Collateral posted

$8.20M

52.24K JitoSOL

Open in the Morpho app ↗Liquidation price calculatorBorrow cost calculator

JitoSOL / USDC rate history

Average supply and borrow APY for each day

Utilization

JitoSOL / 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 6.08% 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 JitoSOL collateral could be liquidated if its price fell by each amount

Based on today's loans and today's JitoSOL 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 bonus12.68%extra collateral a liquidator receives
JitoSOL price in USDC157.03 USDC
OracleUnknown0x78F7…BE1C
Market feeNoneshare of interest taken by the protocol

LLTV and liquidations · How oracles work

Details

Loan assetUSDCprice $0.9999
CollateralJitoSOLprice $157
Borrowers1,669
CreatedMay 15, 2026
Market ID0x09276541…52e1a5
Rate model0x4641…2687
JitoSOL token0x97bE…34de
USDC token0x8335…2913

Vaults lending here

$2.77M of the $2.90M supplied comes from these vaults

Largest borrowers

1,669 open loans in this market

AddressBorrowedCollateralHealthPrice drop to liquidation
0xc900…662B$92.8K$402K2.7163.1%
0x1447…aE88$87.4K$154K1.119.5%
0x194E…B9C2$82.5K$243K1.8445.7%
0x2a0B…504A$73.9K$293K2.4859.8%
0x6ECF…F1a1$64.6K$142K1.3727.2%
0xE5C6…2990$52.1K$127K1.5334.5%
0x618e…0915$51.0K$150K1.8345.5%
0xE06E…580a$44.4K$120K1.6940.7%
0xc1F9…E142$44.3K$114K1.6138.0%
0x06AD…0F9e$42.2K$117K1.7442.6%

Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.

Recent liquidations here

17 in the last 30 days, $8.9K of debt repaid

All liquidations →
WhenDebt repaidCollateral takenBorrowerTransaction
$5.025.02 USDC $7.160.0454 JitoSOL 0x8Fa6…5944 0xa139…ca84
$27.1927.19 USDC $38.810.246 JitoSOL 0x762C…5A9f 0xa139…ca84
$98.1598.16 USDC $1390.882 JitoSOL 0xD4fe…2B5E 0x767a…1a9a
$591590.85 USDC $8385.31 JitoSOL 0xb5f5…0F33 0x767a…1a9a
$718717.75 USDC $1.0K6.45 JitoSOL 0x38E7…0Da8 0x767a…1a9a
$6.686.68 USDC $9.400.0595 JitoSOL 0x07fB…28FC 0x648b…7f26
$57.8957.89 USDC $81.480.516 JitoSOL 0x324D…557c 0x648b…7f26
$70.1870.19 USDC $98.790.626 JitoSOL 0x78ff…7706 0x648b…7f26
$3.9K3.90K USDC $5.5K34.76 JitoSOL 0x6471…Da36 0x648b…7f26
$502502.08 USDC $7044.46 JitoSOL 0x7e63…42A4 0x54ab…b6a6

About the JitoSOL / USDC market

The JitoSOL / USDC market on Base was created on May 15, 2026. Anyone can lend USDC into it, and anyone holding JitoSOL can borrow that USDC against it, up to a loan-to-value of 62.5% (its LLTV), where liquidation starts. Prices come from a custom oracle; check its source before borrowing or lending.

Right now $2.90M is supplied and $2.60M borrowed, so 89.4% of the market is in use, backed by $8.20M of JitoSOL from 1,669 borrowers. Borrowers pay 6.05% a year, 6.15% on average over the last 30 days. Lenders earn 5.39%.

5 listed vaults lend here, providing $2.77M of the supply; the largest are Clearstar cbAssets Vault, Gauntlet USDC Frontier and Steakhouse High Yield USDC Edition. Liquidators who close an unsafe loan here receive a 12.68% bonus in JitoSOL. If JitoSOL fell 20% against USDC, about $313K of collateral would be at risk of liquidation. 17 loans were liquidated here in the last 30 days.

JitoSOL / USDC on Base: quick answers

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

In this market it is 6.05% a year right now, and it averaged 6.15% 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 is a JitoSOL / USDC loan liquidated?

When the loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes JitoSOL worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if JitoSOL fell to about 125.62 USDC.

How much USDC can be borrowed here right now?

$307K is free in the market, and vaults can move in up to $253K more through Morpho's public allocator, for about $559K in all. Borrowing more than that would have to wait for repayments or new lenders.

What do lenders earn in the JitoSOL / USDC market?

Lenders earn 5.39% a year right now (5.47% averaged over 30 days). Most lend through vaults, such as Clearstar cbAssets Vault, Gauntlet USDC Frontier and Steakhouse High Yield USDC Edition, which spread deposits across several markets.