rETH / EURC on Base
A Morpho market on Base where people borrow EURC against rETH. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 2.00% a year and borrowers pay 2.73% right now.
Data from Morpho's API · updated
Borrow APY
2.73%
30-day average 3.88%
Supply APY
2.00%
30-day average 3.20%
Supplied
$122K
106.75K EURC
Borrowed
$89.4K
73.6% utilization
Available to borrow
$32.1K
free liquidity right now
Collateral posted
$247K
78.65 rETH
rETH / EURC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
rETH / EURC 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 2.34% 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 rETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's rETH price in EURC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| rETH price in EURC | 2.76K EURC |
| Oracle | ChainlinkOracleV20x4ec7…903e |
| Price feeds | 0xf397…e9a5 0x7104…Bb70 0xc91D…3F0F |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 83.26% LTV |
Details
| Loan asset | EURCprice $1.1385 |
|---|---|
| Collateral | rETHprice $3.1K |
| Borrow APY, last year | 1.86% |
| Borrowers | 14 |
| Created | September 10, 2024 |
| Market ID | 0x0103cbcd…3fabb6 |
| Rate model | 0x4641…2687 |
| rETH token | 0xB6fe…624c |
| EURC token | 0x60a3…db42 |
Vaults lending here
$122K of the $122K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Moonwell Flagship EURClends directly | $122K |
Largest borrowers
14 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x8e81…738c | $54.5K | 1.66 |
| 0xA45a…1a31 | $17.4K | 3.10 |
| 0x4029…1333 | $9.4K | 4.38 |
| 0x0C0b…3A1D | $7.0K | 3.50 |
| 0x9518…cdb9 | $526 | 2.01 |
| 0xdEf2…d271 | $483 | 2.01 |
| 0x874A…2242 | $52.00 | 3.49 |
| 0x1ce1…8d10 | $8.00 | 1.19 |
| 0x3689…86e5 | $1.00 | 1.55 |
| 0x03FC…8888 | $0 | 8.80 |
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
About the rETH / EURC market
The rETH / EURC market on Base was created on September 10, 2024. Anyone can lend EURC into it, and anyone holding rETH can borrow that EURC against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $122K is supplied and $89.4K borrowed, so 73.6% of the market is in use, backed by $247K of rETH from 14 borrowers. Borrowers pay 2.73% a year, 3.88% on average over the last 30 days and 1.86% over the last year. Lenders earn 2.00%.
1 listed vault lends here, providing $122K of the supply; the largest is Moonwell Flagship EURC. Liquidators who close an unsafe loan here receive a 4.38% bonus in rETH. If rETH fell 20% against EURC, about $11.00 of collateral would be at risk of liquidation.
rETH / EURC on Base: quick answers
What is the EURC borrow rate against rETH on Morpho Base?
In this market it is 2.73% a year right now, and it averaged 3.88% over the last 30 days. The rate is variable: it follows how much of the market's EURC is borrowed, rising quickly above 90%.
When is a rETH / EURC loan liquidated?
When the loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes rETH worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if rETH fell to about 1.60K EURC.
How much EURC can be borrowed here right now?
$32.1K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the rETH / EURC market?
Lenders earn 2.00% a year right now (3.20% averaged over 30 days). Most lend through vaults, such as Moonwell Flagship EURC, which spread deposits across several markets.
More ways to borrow against rETH
Other loan assets with rETH as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| rETH / USDCEthereum · LLTV 86% | 4.20% | 4.67% |
| rETH / WETHEthereum · LLTV 94.5% | 2.02% | 2.24% |
| rETH / WETHBase · LLTV 94.5% | 1.92% | 2.16% |
| rETH / USDCBase · LLTV 86% | 0.11% | 0.15% |
