PST / PYUSD on Ethereum
A Morpho market on Ethereum where people borrow PYUSD against PST. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 6.60% a year and borrowers pay 7.30% right now.
Data from Morpho's API · updated
Borrow APY
7.30%
30-day average 6.82%
Supply APY
6.60%
30-day average 6.18%
Supplied
$45.03M
45.04M PYUSD
Borrowed
$40.83M
90.7% utilization
Available to borrow
$4.21M
free liquidity right now
Collateral posted
$59.67M
52.58M PST
PST / PYUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PST / PYUSD 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 6.12% 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 PST collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PST price in PYUSD. 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 |
| PST price in PYUSD | 1.14 PYUSD |
| Oracle | ChainlinkOracleV20x3922…4448 |
| Price feeds | 0x4BE5…65E6 0x8fFf…18f6 0x8f1d…8FB1 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | PYUSDprice $0.9998 |
|---|---|
| Collateral | PSTprice $1.1348 |
| Borrowers | 11 |
| Created | August 14, 2026 |
| Market ID | 0xb4977179…e6e512 |
| Rate model | 0x870a…00BC |
| PST token | 0x22aE…d4c7 |
| PYUSD token | 0x6c3e…A0e8 |
Vaults lending here
$45.03M of the $45.03M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Sentora Huma PST MainV2lends directly | $45.03M |
Largest borrowers
11 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xF34e…Bf7A | $12.72M | 1.11 |
| 0x9F0D…f952 | $10.64M | 1.06 |
| 0x35aC…bd95 | $9.50M | 1.77 |
| 0x3658…a20d | $3.82M | 1.19 |
| 0xC720…BFF4 | $1.66M | 1.13 |
| 0xc93D…A110 | $1.07M | 1.05 |
| 0x55Fa…272c | $749K | 1.07 |
| 0x66ea…C704 | $486K | 1.13 |
| 0x4F87…0545 | $180K | 1.05 |
| 0x13DE…90e1 | $4.00 | 1.08 |
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 PST / PYUSD market
The PST / PYUSD market on Ethereum was created on August 14, 2026. Anyone can lend PYUSD into it, and anyone holding PST can borrow that PYUSD against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $45.03M is supplied and $40.83M borrowed, so 90.7% of the market is in use, backed by $59.67M of PST from 11 borrowers. Borrowers pay 7.30% a year, 6.82% on average over the last 30 days. Lenders earn 6.60%.
1 listed vault lends here, providing $45.03M of the supply; the largest is Sentora Huma PST Main. Liquidators who close an unsafe loan here receive a 4.38% bonus in PST. If PST fell 20% against PYUSD, about $40.14M of collateral would be at risk of liquidation.
PST / PYUSD on Ethereum: quick answers
What is the PYUSD borrow rate against PST on Morpho Ethereum?
In this market it is 7.30% a year right now, and it averaged 6.82% over the last 30 days. The rate is variable: it follows how much of the market's PYUSD is borrowed, rising quickly above 90%.
When is a PST / PYUSD loan liquidated?
When the loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes PST worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PST fell to about 0.660 PYUSD.
How much PYUSD can be borrowed here right now?
$4.21M is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the PST / PYUSD market?
Lenders earn 6.60% a year right now (6.18% averaged over 30 days). Most lend through vaults, such as Sentora Huma PST Main, which spread deposits across several markets.
More ways to borrow against PST
Other loan assets with PST as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PST / USDCEthereum · LLTV 86% | 6.73% | 7.48% |
| PST / AUSDEthereum · LLTV 86% | 5.83% | 6.42% |
| PST / USDCArc · LLTV 86% | 9.02% | 9.80%−0.52% rewards |
