PT-apxUSD-5NOV2026 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-apxUSD-5NOV2026. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 3.49% a year and borrowers pay 4.38% right now.
Data from Morpho's API · updated
Borrow APY
4.38%
30-day average 5.45%
Supply APY
3.49%
30-day average 4.49%
Supplied
$2.00M
2.00M USDC
Borrowed
$1.60M
80.1% utilization
Available to borrow
$398K
free liquidity right now
Collateral posted
$2.50M
2.58M PT-apxUSD-5NOV2026
PT-apxUSD-5NOV2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-apxUSD-5NOV2026 / 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 4.76% 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-5NOV2026 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-apxUSD-5NOV2026 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-5NOV2026 price in USDC | 0.966 USDC |
| Oracle | ChainlinkOracleV20xFb8B…5f9d |
| Price feeds | 0xDf15…0098 0x651b…B1F5 0xc386…973D |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | PT-apxUSD-5NOV2026price $0.9663 |
| Borrowers | 28 |
| Created | May 28, 2026 |
| Market ID | 0x908b0370…fa006e |
| Rate model | 0x870a…00BC |
| PT-apxUSD-5NOV2026 token | 0xAF68…88b6 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$592K of the $2.00M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Apyx USDCV2lends directly | $592K |
Largest borrowers
28 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x8297…1070 | $648K | 1.11 |
| 0xE955…7371 | $226K | 1.18 |
| 0x7a20…fEaE | $160K | 1.30 |
| 0x742F…80AB | $155K | 1.31 |
| 0xDBf2…c6C3 | $142K | 1.55 |
| 0xcD83…0B2b | $70.0K | 1.20 |
| 0xd915…1781 | $49.7K | 1.21 |
| 0xC2c8…7f5F | $41.5K | 1.22 |
| 0xF33C…e19c | $31.1K | 1.25 |
| 0xF43d…76Ca | $22.2K | 1.78 |
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-5NOV2026 / USDC market
The PT-apxUSD-5NOV2026 / USDC market on Ethereum was created on May 28, 2026. Anyone can lend USDC into it, and anyone holding PT-apxUSD-5NOV2026 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 $2.00M is supplied and $1.60M borrowed, so 80.1% of the market is in use, backed by $2.50M of PT-apxUSD-5NOV2026 from 28 borrowers. Borrowers pay 4.38% a year, 5.45% on average over the last 30 days. Lenders earn 3.49%.
1 listed vault lends here, providing $592K of the supply; the largest is Apyx USDC. Liquidators who close an unsafe loan here receive a 4.38% bonus in PT-apxUSD-5NOV2026. If PT-apxUSD-5NOV2026 fell 20% against USDC, about $1.35M of collateral would be at risk of liquidation.
PT-apxUSD-5NOV2026 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-apxUSD-5NOV2026 on Morpho Ethereum?
In this market it is 4.38% a year right now, and it averaged 5.45% 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 is a PT-apxUSD-5NOV2026 / USDC 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 PT-apxUSD-5NOV2026 worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-apxUSD-5NOV2026 fell to about 0.562 USDC.
How much USDC can be borrowed here right now?
$398K 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-5NOV2026 / USDC market?
Lenders earn 3.49% a year right now (4.49% averaged over 30 days). Most lend through vaults, such as Apyx USDC, which spread deposits across several markets.
More ways to borrow against PT-apxUSD-5NOV2026
Other loan assets with PT-apxUSD-5NOV2026 as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-apxUSD-5NOV2026 / apxUSDEthereum · LLTV 94.5% | 4.12% | 4.59% |
