SOL / USDC on Base
A Morpho market on Base where people borrow USDC against SOL. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 4.90% a year and borrowers pay 5.71% right now.
Data from Morpho's API · updated
Borrow APY
5.71%
30-day average 6.14%
Supply APY
4.90%
30-day average 5.43%
Supplied
$7.77M
7.77M USDC
Borrowed
$6.70M
86.2% utilization
Available to borrow
$1.07M
up to $2.02M with vault liquidity
Collateral posted
$16.02M
196.32K SOL
This is the market behind Coinbase's Solana loans →
See every Coinbase loan market and what each costs right now.
SOL / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
SOL / 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 5.90% 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 SOL collateral could be liquidated if its price fell by each amount
Based on today's loans and today's SOL 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 bonus | 12.68%extra collateral a liquidator receives |
| SOL price in USDC | 81.62 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xE972…5DC7 |
| Price feeds | 0x9750…462D |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | SOLprice $81.63 |
| Borrowers | 2,214 |
| Created | March 14, 2026 |
| Market ID | 0x7dc02ff6…75782b |
| Rate model | 0x4641…2687 |
| SOL token | 0x3119…cf82 |
| USDC token | 0x8335…2913 |
Vaults lending here
$6.62M of the $7.77M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Clearstar cbAssets VaultV2lends directly | $6.62M |
Largest borrowers
2,214 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x8C9f…0a61 | $198K | 2.21 |
| 0x6AA8…2681 | $169K | 1.08 |
| 0x9d02…Cb4e | $165K | 1.68 |
| 0x5b1A…3e62 | $138K | 1.48 |
| 0xDb3F…bC6d | $111K | 1.14 |
| 0x6367…0a06 | $110K | 1.58 |
| 0xc211…5948 | $104K | 1.27 |
| 0x535d…C37A | $103K | 2.42 |
| 0x63BE…e6Ee | $99.7K | 1.43 |
| 0x73c1…cF93 | $97.4K | 1.20 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
358 in the last 30 days, $669K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $32.9032.91 USDC | 0x48b6…476e | |
| $76.0076.02 USDC | 0x32fb…d04e | |
| $2.3K2.32K USDC | 0xff0f…ce0f | |
| $3.5K3.53K USDC | 0xff0f…ce0f | |
| $4.854.86 USDC | 0xff0f…ce0f | |
| $6.706.70 USDC | 0xff0f…ce0f | |
| $64.2264.23 USDC | 0xff0f…ce0f | |
| $118117.92 USDC | 0xff0f…ce0f | |
| $122122.49 USDC | 0xff0f…ce0f | |
| $282282.14 USDC | 0xff0f…ce0f |
About the SOL / USDC market
The SOL / USDC market on Base was created on March 14, 2026. Anyone can lend USDC into it, and anyone holding SOL can borrow that USDC against it, up to a loan-to-value of 62.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds. Public on-chain data shows this is the market behind Coinbase's Solana loans.
Right now $7.77M is supplied and $6.70M borrowed, so 86.2% of the market is in use, backed by $16.02M of SOL from 2,214 borrowers. Borrowers pay 5.71% a year, 6.14% on average over the last 30 days. Lenders earn 4.90%.
1 listed vault lends here, providing $6.62M of the supply; the largest is Clearstar cbAssets Vault. Liquidators who close an unsafe loan here receive a 12.68% bonus in SOL. If SOL fell 20% against USDC, about $3.88M of collateral would be at risk of liquidation. 358 loans were liquidated here in the last 30 days.
SOL / USDC on Base: quick answers
What is the USDC borrow rate against SOL on Morpho Base?
In this market it is 5.71% a year right now, and it averaged 6.14% 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 SOL / 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 SOL worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if SOL fell to about 65.29 USDC.
How much USDC can be borrowed here right now?
$1.07M is free in the market, and vaults can move in up to $942K more through Morpho's public allocator, for about $2.02M in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the SOL / USDC market?
Lenders earn 4.90% a year right now (5.43% averaged over 30 days). Most lend through vaults, such as Clearstar cbAssets Vault, which spread deposits across several markets.