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 5.60% a year and borrowers pay 6.24% right now.

Data from Morpho's API · updated

Borrow APY

6.24%

30-day average 6.42%

Supply APY

5.60%

30-day average 5.69%

Supplied

$4.85M

4.85M USDC

Borrowed

$4.37M

90.0% utilization

Available to borrow

$484K

up to $691K with vault liquidity

Collateral posted

$10.97M

102.68K 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 6.21% 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 USDC106.78 USDCthe market's oracle, which liquidations follow
OracleUnknown0x78F7…BE1C
Market feeNoneshare of interest taken by the protocol

LLTV and liquidations · How oracles work

Details

Loan assetUSDCprice $0.9997
CollateralJitoSOLprice $107
Borrowers2,144
CreatedMay 15, 2026
Market ID0x09276541…52e1a5
Rate model0x4641…2687
JitoSOL token0x97bE…34de
USDC token0x8335…2913

Vaults lending here

$4.27M of the $4.85M supplied comes from these vaults

VaultLent hereVault net APYVault deposits
Clearstar cbAssets VaultV2lends directly$3.73M6.07%$35.33M
Gauntlet USDC FrontierV2lends directly$300K5.53%$4.87M
Steakhouse High Yield USDC EditionV2lends directly$232K3.30%$458.2M
Steakhouse High Yield USDCV2lends directly$2.8K5.12%$25.51M

Largest borrowers

2,144 open loans in this market

AddressBorrowedCollateralHealthPrice drop to liquidation
0x0Efa…36a2$202K$540K1.6740.2%
0x0248…95Ff$202K$480K1.4932.8%
0xBA7c…80E7$192K$332K1.087.4%
0x4F43…AAda$110K$222K1.2620.9%
0xc900…662B$93.6K$271K1.8144.9%
0xF8e9…9B26$77.7K$192K1.5435.2%
0xbC02…9c02$77.2K$149K1.2117.1%
0x58F2…425B$76.6K$191K1.5635.9%
0x2a0B…504A$74.5K$198K1.6639.9%
0x0245…4682$71.1K$125K1.109.1%

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

Recent liquidations here

406 in the last 30 days, $353K of debt repaid

All liquidations →
WhenDebt repaidCollateral takenBorrowerTransaction
$2.082.08 USDC $2.350.0222 JitoSOL 0xDe80…2d69 0x97f1…c04f
$2.222.22 USDC $2.500.0237 JitoSOL 0xc5ac…Ab08 0x97f1…c04f
$376376.12 USDC $4244.02 JitoSOL 0xF65d…1961 0x1834…95ee
$5.6K5.57K USDC $6.3K59.53 JitoSOL 0xD62A…1375 0x1834…95ee
$13.2713.27 USDC $14.970.142 JitoSOL 0xaEE9…b08e 0x1834…95ee
$14.5414.54 USDC $16.410.155 JitoSOL 0x12d1…179c 0x1834…95ee
$103103.21 USDC $1161.10 JitoSOL 0xeEbd…0c43 0x1834…95ee
$144143.72 USDC $1621.54 JitoSOL 0x6129…5536 0x1834…95ee
$506506.52 USDC $5725.38 JitoSOL 0x3b25…Dd0D 0xfa82…203b
$2.6K2.57K USDC $2.9K27.34 JitoSOL 0x1013…d617 0xfa82…203b

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 $4.85M is supplied and $4.37M borrowed, so 90.0% of the market is in use, backed by $10.97M of JitoSOL from 2,144 borrowers. Borrowers pay 6.24% a year, 6.42% on average over the last 30 days. Lenders earn 5.60%.

4 listed vaults lend here, providing $4.27M 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 $1.99M of collateral would be at risk of liquidation. 406 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 6.24% a year right now, and it averaged 6.42% 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 JitoSOL / 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 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 85.43 USDC.

How much USDC can be borrowed here right now?

$484K is free in the market, and vaults can move in up to $206K more through Morpho's public allocator, for about $691K 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 5.60% a year right now (5.69% 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.

More ways to borrow against JitoSOL

Other loan assets with JitoSOL as collateral

All JitoSOL markets →
Market Supplied Supply APY Borrowed Borrow APY Utilization
JitoSOL / SOLBase · LLTV 91.5% $731K8.96K SOL 2.90% $681K$804K collateral 3.12% 93.1%