yoUSD / USDC on Base
A Morpho market on Base where people borrow USDC against yoUSD. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 9.20% a year and borrowers pay 10.42% right now.
Data from Morpho's API · updated
Borrow APY
10.42%
30-day average 10.81%
Supply APY
9.20%
30-day average 9.67%
Supplied
$305K
304.94K USDC
Borrowed
$271K
88.8% utilization
Available to borrow
$34.1K
free liquidity right now
Collateral posted
$556K
518.98K yoUSD
yoUSD / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
yoUSD / 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 10.52% 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 yoUSD collateral could be liquidated if its price fell by each amount
Based on today's loans and today's yoUSD price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 91.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 2.62%extra collateral a liquidator receives |
| yoUSD price in USDC | 1.07 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x77f5…6222 |
| Price feeds | 0x0000…8a65 |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 89.79% LTV |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | yoUSDprice $1.0705 |
| Borrow APY, last year | 7.28% |
| Borrowers | 174 |
| Created | August 12, 2025 |
| Market ID | 0x1a3e69d0…979137 |
| Rate model | 0x4641…2687 |
| yoUSD token | 0x0000…8a65 |
| USDC token | 0x8335…2913 |
Vaults lending here
$214K of the $305K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Clearstar USDC Reactorlends directly | $214K |
Largest borrowers
174 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x5C2A…b0b8 | $243K | 1.00 |
| 0x6825…7514 | $7.8K | 1.20 |
| 0x108b…1299 | $4.1K | 1.00 |
| 0x55D9…0974 | $3.7K | 1.04 |
| 0x295e…cdD0 | $3.1K | 1.01 |
| 0x6Ce7…4E4f | $1.3K | 1.94 |
| 0xD82f…cf89 | $1.1K | 1.05 |
| 0xB5Bb…bd66 | $839 | 1.00 |
| 0xEe64…0957 | $778 | 2.15 |
| 0x9E37…d924 | $724 | 1.34 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
3 in the last 30 days, $380 of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $35.8935.90 USDC | 0xd6e5…ea59 | |
| $73.8973.92 USDC | 0x8cf0…6644 | |
| $270270.03 USDC | 0xe5fd…2d60 | |
| $7.3K7.29K USDC | 0x1fad…810d | |
| $29.7629.76 USDC | 0x1939…e629 |
About the yoUSD / USDC market
The yoUSD / USDC market on Base was created on August 12, 2025. Anyone can lend USDC into it, and anyone holding yoUSD can borrow that USDC against it, up to a loan-to-value of 91.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $305K is supplied and $271K borrowed, so 88.8% of the market is in use, backed by $556K of yoUSD from 174 borrowers. Borrowers pay 10.42% a year, 10.81% on average over the last 30 days and 7.28% over the last year. Lenders earn 9.20%.
1 listed vault lends here, providing $214K of the supply; the largest is Clearstar USDC Reactor. Liquidators who close an unsafe loan here receive a 2.62% bonus in yoUSD. If yoUSD fell 20% against USDC, about $296K of collateral would be at risk of liquidation. 3 loans were liquidated here in the last 30 days.
yoUSD / USDC on Base: quick answers
What is the USDC borrow rate against yoUSD on Morpho Base?
In this market it is 10.42% a year right now, and it averaged 10.81% 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 yoUSD / USDC loans liquidated?
When a loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes yoUSD worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if yoUSD fell to about 0.585 USDC.
How much USDC can be borrowed here right now?
$34.1K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the yoUSD / USDC market?
Lenders earn 9.20% a year right now (9.67% averaged over 30 days). Most lend through vaults, such as Clearstar USDC Reactor, which spread deposits across several markets.
Other yoUSD / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| yoUSD / USDCEthereum · LLTV 86% | 0.54% | 0.73% |
