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 10.02% a year and borrowers pay 13.58% right now.
Data from Morpho's API · updated
Borrow APY
13.58%
30-day average 19.42%
Supply APY
10.02%
30-day average 17.47%
Supplied
$18.83M
18.84M USDC
Borrowed
$14.13M
75.0% utilization
Available to borrow
$4.70M
free liquidity right now
Collateral posted
$36.44M
1.82M 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 15.65% 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 | 20.02 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x0798…05d7 |
| Price feeds | 0x6255…D958 0xE9aE…e686 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | dCOMPprice $20.02 |
| 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
$8.69M of the $18.83M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Api3 dCOMP USDCV2lends directly | $8.69M |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xf88a…07a6 | $14.13M | 1.61 |
| 0x9f05…f75C | $0 | 2.29 |
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 $18.83M is supplied and $14.13M borrowed, so 75.0% of the market is in use, backed by $36.44M of dCOMP from 2 borrowers. Borrowers pay 13.58% a year, 19.42% on average over the last 30 days. Lenders earn 10.02%.
1 listed vault lends here, providing $8.69M 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 13.58% a year right now, and it averaged 19.42% 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 dCOMP / 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 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 16.01 USDC.
How much USDC can be borrowed here right now?
$4.70M 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 10.02% a year right now (17.47% averaged over 30 days). Vaults provide 46% of the supply here (Api3 dCOMP USDC); the rest comes from people lending directly.