AA_FalconXUSDC / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against AA_FalconXUSDC. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 5.83% a year and borrowers pay 6.47% right now.
Data from Morpho's API · updated
Borrow APY
6.47%
30-day average 5.82%
Supply APY
5.83%
30-day average 5.13%
Supplied
$6.93M
6.94M USDC
Borrowed
$6.27M
90.4% utilization
Available to borrow
$666K
up to $1.74M with vault liquidity
Collateral posted
$9.30M
8.29M AA_FalconXUSDC
AA_FalconXUSDC / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
AA_FalconXUSDC / 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 5.76% 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 AA_FalconXUSDC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's AA_FalconXUSDC price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 77%fixed for the life of the market |
|---|---|
| Liquidation bonus | 7.41%extra collateral a liquidator receives |
| AA_FalconXUSDC price in USDC | 1.12 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x52eA…93Fc |
| Price feeds | 0x5044…7dFf |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | AA_FalconXUSDCprice $1.1227 |
| Borrow APY, last year | 6.47% |
| Borrowers | 4 |
| Created | July 3, 2025 |
| Market ID | 0xe83d72fa…f36f52 |
| Rate model | 0x870a…00BC |
| AA_FalconXUSDC token | 0xC26A…f99C |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$6.09M of the $6.93M supplied comes from these vaults
Largest borrowers
4 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x6447…1aE8 | $3.59M | 1.11 |
| 0x0c16…A4F4 | $1.44M | 1.28 |
| 0x2a69…378d | $1.24M | 1.08 |
| 0xB47f…0F1F | $0 | 7.88 |
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 AA_FalconXUSDC / USDC market
The AA_FalconXUSDC / USDC market on Ethereum was created on July 3, 2025. Anyone can lend USDC into it, and anyone holding AA_FalconXUSDC can borrow that USDC against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $6.93M is supplied and $6.27M borrowed, so 90.4% of the market is in use, backed by $9.30M of AA_FalconXUSDC from 4 borrowers. Borrowers pay 6.47% a year, 5.82% on average over the last 30 days and 6.47% over the last year. Lenders earn 5.83%.
7 listed vaults lend here, providing $6.09M of the supply; the largest are Gauntlet USDC RWA, Steakhouse High Yield USDC and Gauntlet USDC Frontier. Liquidators who close an unsafe loan here receive a 7.41% bonus in AA_FalconXUSDC. If AA_FalconXUSDC fell 20% against USDC, about $6.91M of collateral would be at risk of liquidation.
AA_FalconXUSDC / USDC on Ethereum: quick answers
What is the USDC borrow rate against AA_FalconXUSDC on Morpho Ethereum?
In this market it is 6.47% a year right now, and it averaged 5.82% 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 AA_FalconXUSDC / USDC loans liquidated?
When a loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes AA_FalconXUSDC worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if AA_FalconXUSDC fell to about 0.729 USDC.
How much USDC can be borrowed here right now?
$666K is free in the market, and vaults can move in up to $1.07M more through Morpho's public allocator, for about $1.74M in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the AA_FalconXUSDC / USDC market?
Lenders earn 5.83% a year right now (5.13% averaged over 30 days). Most lend through vaults, such as Gauntlet USDC RWA, Steakhouse High Yield USDC and Gauntlet USDC Frontier, which spread deposits across several markets.