PRIME / AUSD on Ethereum
A Morpho market on Ethereum where people borrow AUSD against PRIME. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 3.83% a year and borrowers pay 4.26% right now.
Data from Morpho's API · updated
Borrow APY
4.26%
30-day average 4.31%
Supply APY
3.83%
30-day average 3.87%
Supplied
$1.83M
1.83M AUSD
Borrowed
$1.65M
90.0% utilization
Available to borrow
$182K
free liquidity right now
Collateral posted
$2.00M
1.87M PRIME
PRIME / AUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PRIME / AUSD 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 4.20% 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 PRIME collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PRIME price in AUSD. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| PRIME price in AUSD | 1.07 AUSDthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xB794…7d11 |
| Price feeds | 0xf17C…58d1 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | AUSDprice $0.9991 |
|---|---|
| Collateral | PRIMEprice $1.0693 |
| Borrowers | 7 |
| Created | August 19, 2026 |
| Market ID | 0x5131d0b8…2a1695 |
| Rate model | 0x870a…00BC |
| PRIME token | 0x19eb…F7F6 |
| AUSD token | 0x0000…012a |
Vaults lending here
$1.83M of the $1.83M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Bitwise Premium RWA AUSDV2lends directly | $1.63M |
| Steakhouse High Yield InstantV2lends directly | $197K |
Largest borrowers
7 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x9A1d…c403 | $1.37M | 1.03 |
| 0x55Fa…272c | $273K | 1.08 |
| 0xd2D3…3141 | $1.9K | 2.87 |
| 0x58A6…DF65 | $1.9K | 1.07 |
| 0x7bE0…3466 | $1.0K | 6.68 |
| 0x028B…75b9 | $494 | 8.02 |
| 0x1C4A…1196 | $410 | 1.06 |
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 PRIME / AUSD market
The PRIME / AUSD market on Ethereum was created on August 19, 2026. Anyone can lend AUSD into it, and anyone holding PRIME can borrow that AUSD against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $1.83M is supplied and $1.65M borrowed, so 90.0% of the market is in use, backed by $2.00M of PRIME from 7 borrowers. Borrowers pay 4.26% a year, 4.31% on average over the last 30 days. Lenders earn 3.83%.
2 listed vaults lend here, providing $1.83M of the supply; the largest are Bitwise Premium RWA AUSD and Steakhouse High Yield Instant. Liquidators who close an unsafe loan here receive a 4.38% bonus in PRIME. If PRIME fell 20% against AUSD, about $1.98M of collateral would be at risk of liquidation.
PRIME / AUSD on Ethereum: quick answers
What is the AUSD borrow rate against PRIME on Morpho Ethereum?
In this market it is 4.26% a year right now, and it averaged 4.31% over the last 30 days. The rate is variable: it follows how much of the market's AUSD is borrowed, rising quickly above 90%.
When are PRIME / AUSD 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 PRIME worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PRIME fell to about 0.622 AUSD.
How much AUSD can be borrowed here right now?
$182K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the PRIME / AUSD market?
Lenders earn 3.83% a year right now (3.87% averaged over 30 days). Most lend through vaults, such as Bitwise Premium RWA AUSD and Steakhouse High Yield Instant, which spread deposits across several markets.
More ways to borrow against PRIME
Other loan assets with PRIME as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PRIME / PYUSDEthereum · LLTV 86% | 6.07% | 6.71% |
| PRIME / USDCEthereum · LLTV 86% | 4.81% | 5.35% |
