liUSD-1w / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against liUSD-1w. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 8.00% a year and borrowers pay 11.40% right now.
Data from Morpho's API · updated
Borrow APY
11.40%
30-day average 17.36%
Supply APY
8.00%
30-day average 14.81%
Supplied
$1.0K
1.04K USDC
Borrowed
$743
71.2% utilization
Available to borrow
$300
free liquidity right now
Collateral posted
$0
761.35 liUSD-1w
liUSD-1w / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
liUSD-1w / 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 13.66% 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.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| liUSD-1w price in USDC | 1.21 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xFEC8…c40c |
| Price feeds | 0x9B5a…1282 |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 83.26% LTV |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | liUSD-1wprice – |
| Borrow APY, last year | 38.55% |
| Borrowers | 4 |
| Created | July 11, 2025 |
| Market ID | 0x278ca551…4880d9 |
| Rate model | 0x870a…00BC |
| liUSD-1w token | 0x12b0…8442 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$891 of the $1.0K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Clearstar USDC Reactorlends directly | $891 |
Largest borrowers
4 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x352f…4E4D | $740 | 1.03 |
| 0x5EE2…5269 | $2.00 | 13.50 |
| 0xfeed…3C9a | $1.00 | 2.64 |
| 0x878E…610F | $0 | 77.63 |
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 liUSD-1w / USDC market
The liUSD-1w / USDC market on Ethereum was created on July 11, 2025. Anyone can lend USDC into it, and anyone holding liUSD-1w can borrow that USDC against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $1.0K is supplied and $743 borrowed, so 71.2% of the market is in use, backed by $0 of liUSD-1w from 4 borrowers. Borrowers pay 11.40% a year, 17.36% on average over the last 30 days and 38.55% over the last year. Lenders earn 8.00%.
1 listed vault lends here, providing $891 of the supply; the largest is Clearstar USDC Reactor. Liquidators who close an unsafe loan here receive a 4.38% bonus in liUSD-1w.
liUSD-1w / USDC on Ethereum: quick answers
What is the USDC borrow rate against liUSD-1w on Morpho Ethereum?
In this market it is 11.40% a year right now, and it averaged 17.36% 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 liUSD-1w / USDC loans liquidated?
When a loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes liUSD-1w worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if liUSD-1w fell to about 0.703 USDC.
How much USDC can be borrowed here right now?
$300 is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the liUSD-1w / USDC market?
Lenders earn 8.00% a year right now (14.81% averaged over 30 days). Most lend through vaults, such as Clearstar USDC Reactor, which spread deposits across several markets.