PT-apxUSD-11FEB2027 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-apxUSD-11FEB2027. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 4.39% a year and borrowers pay 5.61% right now.
Data from Morpho's API · updated
Borrow APY
5.61%
paid by borrowers
Supply APY
4.39%
earned by lenders
Supplied
$177K
177.50K USDC
Borrowed
$140K
78.8% utilization
Available to borrow
$37.7K
free liquidity right now
Collateral posted
$227K
236.52K PT-apxUSD-11FEB2027
PT-apxUSD-11FEB2027 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-apxUSD-11FEB2027 / 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 6.21% 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 PT-apxUSD-11FEB2027 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-apxUSD-11FEB2027 price in USDC. 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 |
| PT-apxUSD-11FEB2027 price in USDC | 0.951 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x7025…d6a0 |
| Price feeds | 0x5916…3462 0x2037…23b4 0x8fFf…18f6 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | PT-apxUSD-11FEB2027price $0.9583 |
| Borrowers | 11 |
| Created | October 23, 2026 |
| Market ID | 0xb25c41cd…e3d42f |
| Rate model | 0x870a…00BC |
| PT-apxUSD-11FEB2027 token | 0x70A3…420E |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$35.7K of the $177K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Apyx USDCV2lends directly | $35.7K |
Largest borrowers
11 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xE955…7371 | $120K | 1.41 |
| 0x6554…f438 | $79.3K | 1.05 |
| 0xcF01…f9f8 | $50.0K | 1.26 |
| 0xF43d…76Ca | $19.2K | 1.56 |
| 0x52D3…396d | $10.0K | 1.22 |
| 0x29b0…3118 | $10.0K | 1.71 |
| 0xb170…2BD8 | $7.5K | 1.15 |
| 0x1e23…4659 | $6.4K | 1.15 |
| 0xAd0b…814a | $2.2K | 1.18 |
| 0x2F20…261F | $1.4K | 1.20 |
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 PT-apxUSD-11FEB2027 / USDC market
The PT-apxUSD-11FEB2027 / USDC market on Ethereum was created on October 23, 2026. Anyone can lend USDC into it, and anyone holding PT-apxUSD-11FEB2027 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 $177K is supplied and $140K borrowed, so 78.8% of the market is in use, backed by $227K of PT-apxUSD-11FEB2027 from 11 borrowers. Borrowers pay 5.61% a year. Lenders earn 4.39%.
1 listed vault lends here, providing $35.7K of the supply; the largest is Apyx USDC. Liquidators who close an unsafe loan here receive a 4.38% bonus in PT-apxUSD-11FEB2027. If PT-apxUSD-11FEB2027 fell 20% against USDC, about $136K of collateral would be at risk of liquidation.
PT-apxUSD-11FEB2027 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-apxUSD-11FEB2027 on Morpho Ethereum?
In this market it is 5.61% a year right now. The rate is variable: it follows how much of the market's USDC is borrowed, rising quickly above 90%.
When are PT-apxUSD-11FEB2027 / 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 PT-apxUSD-11FEB2027 worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-apxUSD-11FEB2027 fell to about 0.553 USDC.
How much USDC can be borrowed here right now?
$37.7K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the PT-apxUSD-11FEB2027 / USDC market?
Lenders earn 4.39% a year right now. Vaults provide 20% of the supply here (Apyx USDC); the rest comes from people lending directly.
More ways to borrow against PT-apxUSD-11FEB2027
Other loan assets with PT-apxUSD-11FEB2027 as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-apxUSD-11FEB2027 / apxUSDEthereum · LLTV 94.5% | 9.63% | 10.66% |
