FXRP / RLUSD on Ethereum
A Morpho market on Ethereum where people borrow RLUSD against FXRP. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 3.64% a year and borrowers pay 4.99% right now.
Data from Morpho's API · updated
Borrow APY
4.99%
30-day average 7.72%
Supply APY
3.64%
30-day average 6.72%
Supplied
$11.56M
11.56M RLUSD
Borrowed
$8.48M
73.3% utilization
Available to borrow
$3.09M
free liquidity right now
Collateral posted
$14.42M
14.00M FXRP
FXRP / RLUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
FXRP / RLUSD 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 5.82% 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 FXRP collateral could be liquidated if its price fell by each amount
Based on today's loans and today's FXRP price in RLUSD. 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 |
| FXRP price in RLUSD | 1.03 RLUSDthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x5AC0…c39D |
| Price feeds | 0x6477…B22d 0x26C4…7f2A |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | RLUSDprice $0.9998 |
|---|---|
| Collateral | FXRPprice $1.0293 |
| Borrowers | 58 |
| Created | July 28, 2026 |
| Market ID | 0x4fa31e3f…311d96 |
| Rate model | 0x870a…00BC |
| FXRP token | 0xCE61…0110 |
| RLUSD token | 0x8292…17eD |
Vaults lending here
$11.56M of the $11.56M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Sentora RLUSD MainV2lends directly | $11.56M |
Largest borrowers
58 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xEDb7…374B | $3.16M | 1.39 |
| 0xF01c…14ec | $2.92M | 1.26 |
| 0xc9F8…4C62 | $1.62M | 1.24 |
| 0x2f20…5486 | $196K | 1.11 |
| 0x7864…7Ac2 | $172K | 1.20 |
| 0xb112…3eAA | $125K | 1.66 |
| 0x5505…56B4 | $73.2K | 1.26 |
| 0x5f25…d0Ba | $38.1K | 1.37 |
| 0x35b2…1f3A | $24.8K | 1.60 |
| 0xC328…0799 | $21.7K | 1.47 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
4 in the last 30 days, $8.3K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $836836.07 RLUSD | 0xbfe7…057b | |
| $5.035.03 RLUSD | 0xf240…c45a | |
| $5.7K5.73K RLUSD | 0xc913…5b8d | |
| $1.7K1.72K RLUSD | 0x4df1…ecca | |
| $1.611.61 RLUSD | 0xd361…4c4a | |
| $1.3K1.30K RLUSD | 0x9835…3b9c | |
| $434433.52 RLUSD | 0x1945…a190 | |
| $1.7K1.70K RLUSD | 0x179e…5e84 | |
| $495495.41 RLUSD | 0x9015…c9f0 | |
| $709709.09 RLUSD | 0x2b32…78f5 |
About the FXRP / RLUSD market
The FXRP / RLUSD market on Ethereum was created on July 28, 2026. Anyone can lend RLUSD into it, and anyone holding FXRP can borrow that RLUSD against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $11.56M is supplied and $8.48M borrowed, so 73.3% of the market is in use, backed by $14.42M of FXRP from 58 borrowers. Borrowers pay 4.99% a year, 7.72% on average over the last 30 days. Lenders earn 3.64%.
1 listed vault lends here, providing $11.56M of the supply; the largest is Sentora RLUSD Main. Liquidators who close an unsafe loan here receive a 7.41% bonus in FXRP. If FXRP fell 20% against RLUSD, about $570K of collateral would be at risk of liquidation. 4 loans were liquidated here in the last 30 days.
FXRP / RLUSD on Ethereum: quick answers
What is the RLUSD borrow rate against FXRP on Morpho Ethereum?
In this market it is 4.99% a year right now, and it averaged 7.72% over the last 30 days. The rate is variable: it follows how much of the market's RLUSD is borrowed, rising quickly above 90%.
When are FXRP / RLUSD 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 FXRP worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if FXRP fell to about 0.668 RLUSD.
How much RLUSD can be borrowed here right now?
$3.09M is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the FXRP / RLUSD market?
Lenders earn 3.64% a year right now (6.72% averaged over 30 days). Most lend through vaults, such as Sentora RLUSD Main, which spread deposits across several markets.
More ways to borrow against FXRP
Other loan assets with FXRP as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| FXRP / vbUSDCKatana · LLTV 77% | 4.68% | 5.50% |
| FXRP / vbUSDTKatana · LLTV 77% | 5.42% | 6.01% |
