aguaUSDCgc / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against aguaUSDCgc. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 6.06% a year and borrowers pay 6.61% right now.
Data from Morpho's API · updated
Borrow APY
6.61%
30-day average 3.87%
Supply APY
6.06%
30-day average 4.09%
Supplied
$1.64M
1.64M USDC
Borrowed
$1.51M
91.9% utilization
Available to borrow
$134K
up to $134K with vault liquidity
Collateral posted
$1.66M
1.62M aguaUSDCgc
aguaUSDCgc / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
aguaUSDCgc / 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 4.24% 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 aguaUSDCgc collateral could be liquidated if its price fell by each amount
Based on today's loans and today's aguaUSDCgc 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 |
| aguaUSDCgc price in USDC | 1.03 USDC |
| Oracle | ChainlinkOracleV20x47c1…43A3 |
| Price feeds | 0xa98b…2a0F |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | aguaUSDCgcprice $1.0271 |
| Borrowers | 4 |
| Created | July 30, 2026 |
| Market ID | 0x167f1d10…1a9ec8 |
| Rate model | 0x870a…00BC |
| aguaUSDCgc token | 0xa98b…2a0F |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$1.64M of the $1.64M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Waterline Reservoir USDCV2lends directly | $1.07M |
| Waterline Reservoir USDClends directly | $578K |
Largest borrowers
4 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x81A4…49c9 | $1.42M | 1.01 |
| 0xAa34…5Dd5 | $91.1K | 1.01 |
| 0x4361…F921 | $31.00 | 7.20 |
| 0xfeed…3C9a | $1.00 | 4.06 |
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 aguaUSDCgc / USDC market
The aguaUSDCgc / USDC market on Ethereum was created on July 30, 2026. Anyone can lend USDC into it, and anyone holding aguaUSDCgc 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 $1.64M is supplied and $1.51M borrowed, so 91.9% of the market is in use, backed by $1.66M of aguaUSDCgc from 4 borrowers. Borrowers pay 6.61% a year, 3.87% on average over the last 30 days. Lenders earn 6.06%.
2 listed vaults lend here, providing $1.64M of the supply; the largest are Waterline Reservoir USDC and Waterline Reservoir USDC. Liquidators who close an unsafe loan here receive a 2.62% bonus in aguaUSDCgc. If aguaUSDCgc fell 20% against USDC, about $1.66M of collateral would be at risk of liquidation.
aguaUSDCgc / USDC on Ethereum: quick answers
What is the USDC borrow rate against aguaUSDCgc on Morpho Ethereum?
In this market it is 6.61% a year right now, and it averaged 3.87% 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 is a aguaUSDCgc / USDC loan liquidated?
When the loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes aguaUSDCgc worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if aguaUSDCgc fell to about 0.561 USDC.
How much USDC can be borrowed here right now?
$134K is free in the market, and vaults can move in up to $0.39 more through Morpho's public allocator, for about $134K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the aguaUSDCgc / USDC market?
Lenders earn 6.06% a year right now (4.09% averaged over 30 days). Most lend through vaults, such as Waterline Reservoir USDC and Waterline Reservoir USDC, which spread deposits across several markets.