CarryTradeUSDTRYLeverage / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against CarryTradeUSDTRYLeverage. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 13.78% a year and borrowers pay 15.35% right now.
Data from Morpho's API · updated
Borrow APY
15.35%
30-day average 15.37%
Supply APY
13.78%
30-day average 13.58%
Supplied
$3.18M
3.19M USDC
Borrowed
$2.88M
90.4% utilization
Available to borrow
$307K
free liquidity right now
Collateral posted
$6.16M
5.26M CarryTradeUSDTRYLeverage
CarryTradeUSDTRYLeverage / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
CarryTradeUSDTRYLeverage / 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 13.77% 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 CarryTradeUSDTRYLeverage collateral could be liquidated if its price fell by each amount
Based on today's loans and today's CarryTradeUSDTRYLeverage 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 |
| CarryTradeUSDTRYLeverage price in USDC | 1.17 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xb5ef…0BaB |
| Price feeds | 0xc697…9288 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | CarryTradeUSDTRYLeverageprice $1.1715 |
| Borrowers | 17 |
| Created | June 16, 2026 |
| Market ID | 0xa5f6b409…69bd3f |
| Rate model | 0x870a…00BC |
| CarryTradeUSDTRYLeverage token | 0x2bf1…d326 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$908K of the $3.18M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| 9Summits Piku Ecosystem USDCV2lends directly | $908K |
Largest borrowers
17 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x9B81…3be4 | $949K | 1.14 |
| 0x5dD9…AA10 | $696K | 1.79 |
| 0x998a…437d | $670K | 1.26 |
| 0x4a40…9818 | $222K | 1.18 |
| 0x678A…1Df5 | $208K | 1.21 |
| 0xbA5c…6f2D | $62.0K | 1.08 |
| 0x492e…dA3F | $30.4K | 1.53 |
| 0x0BAD…fE6d | $14.0K | 1.11 |
| 0x0794…6333 | $14.0K | 1.22 |
| 0x9F9C…baD6 | $8.1K | 1.18 |
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 CarryTradeUSDTRYLeverage / USDC market
The CarryTradeUSDTRYLeverage / USDC market on Ethereum was created on June 16, 2026. Anyone can lend USDC into it, and anyone holding CarryTradeUSDTRYLeverage 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.
Right now $3.18M is supplied and $2.88M borrowed, so 90.4% of the market is in use, backed by $6.16M of CarryTradeUSDTRYLeverage from 17 borrowers. Borrowers pay 15.35% a year, 15.37% on average over the last 30 days. Lenders earn 13.78%.
1 listed vault lends here, providing $908K of the supply; the largest is 9Summits Piku Ecosystem USDC. Liquidators who close an unsafe loan here receive a 12.68% bonus in CarryTradeUSDTRYLeverage. If CarryTradeUSDTRYLeverage fell 20% against USDC, about $2.74M of collateral would be at risk of liquidation.
CarryTradeUSDTRYLeverage / USDC on Ethereum: quick answers
What is the USDC borrow rate against CarryTradeUSDTRYLeverage on Morpho Ethereum?
In this market it is 15.35% a year right now, and it averaged 15.37% 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 CarryTradeUSDTRYLeverage / 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 CarryTradeUSDTRYLeverage worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if CarryTradeUSDTRYLeverage fell to about 0.937 USDC.
How much USDC can be borrowed here right now?
$307K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the CarryTradeUSDTRYLeverage / USDC market?
Lenders earn 13.78% a year right now (13.58% averaged over 30 days). Vaults provide 29% of the supply here (9Summits Piku Ecosystem USDC); the rest comes from people lending directly.