dCOMP / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against dCOMP. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 8.46% a year and borrowers pay 9.70% right now.
Data from Morpho's API · updated
Borrow APY
9.70%
30-day average 10.16%
Supply APY
8.46%
30-day average 8.92%
Supplied
$15.12M
15.12M USDC
Borrowed
$13.26M
87.7% utilization
Available to borrow
$1.86M
free liquidity right now
Collateral posted
$42.87M
1.77M dCOMP
dCOMP / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
dCOMP / 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 9.89% 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 dCOMP collateral could be liquidated if its price fell by each amount
Based on today's loans and today's dCOMP 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 |
| dCOMP price in USDC | 24.17 USDC |
| Oracle | ChainlinkOracleV20x0798…05d7 |
| Price feeds | 0x6255…D958 0xE9aE…e686 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | dCOMPprice $24.17 |
| Borrowers | 2 |
| Created | February 25, 2026 |
| Market ID | 0x24852d8d…4a0ea6 |
| Rate model | 0x870a…00BC |
| dCOMP token | 0x91d1…3292 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$11.73M of the $15.12M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Api3 dCOMP USDCV2lends directly | $11.73M |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xf88a…07a6 | $13.26M | 2.02 |
| 0x9f05…f75C | $0 | 2.83 |
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 dCOMP / USDC market
The dCOMP / USDC market on Ethereum was created on February 25, 2026. Anyone can lend USDC into it, and anyone holding dCOMP 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 $15.12M is supplied and $13.26M borrowed, so 87.7% of the market is in use, backed by $42.87M of dCOMP from 2 borrowers. Borrowers pay 9.70% a year, 10.16% on average over the last 30 days. Lenders earn 8.46%.
1 listed vault lends here, providing $11.73M of the supply; the largest is Api3 dCOMP USDC. Liquidators who close an unsafe loan here receive a 12.68% bonus in dCOMP.
dCOMP / USDC on Ethereum: quick answers
What is the USDC borrow rate against dCOMP on Morpho Ethereum?
In this market it is 9.70% a year right now, and it averaged 10.16% 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 dCOMP / USDC loan liquidated?
When the loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes dCOMP worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if dCOMP fell to about 19.34 USDC.
How much USDC can be borrowed here right now?
$1.86M is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the dCOMP / USDC market?
Lenders earn 8.46% a year right now (8.92% averaged over 30 days). Most lend through vaults, such as Api3 dCOMP USDC, which spread deposits across several markets.