PT-apyUSD-11FEB2027 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-apyUSD-11FEB2027. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 14.29% a year and borrowers pay 15.17% right now.
Data from Morpho's API · updated
Borrow APY
15.17%
paid by borrowers
Supply APY
14.29%
earned by lenders
Supplied
$891K
891.21K USDC
Borrowed
$843K
94.6% utilization
Available to borrow
$48.3K
free liquidity right now
Collateral posted
$1.22M
1.30M PT-apyUSD-11FEB2027
PT-apyUSD-11FEB2027 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-apyUSD-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 6.13% 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-apyUSD-11FEB2027 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-apyUSD-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-apyUSD-11FEB2027 price in USDC | 0.951 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xEd0A…e9cD |
| Price feeds | 0x41BB…b0c3 0x2037…23b4 0x8fFf…18f6 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | PT-apyUSD-11FEB2027price $0.9448 |
| Borrowers | 11 |
| Created | October 23, 2026 |
| Market ID | 0xcbc07d38…f88055 |
| Rate model | 0x870a…00BC |
| PT-apyUSD-11FEB2027 token | 0x60b1…4847 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
11 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x7a20…fEaE | $415K | 1.10 |
| 0xE955…7371 | $223K | 1.64 |
| 0x49f3…d37E | $171K | 1.17 |
| 0x03aA…BbE6 | $97.0K | 1.79 |
| 0x5c06…B265 | $83.3K | 1.05 |
| 0xd321…ddF6 | $9.8K | 1.11 |
| 0x57Bb…47E8 | $7.5K | 1.06 |
| 0x37a0…a760 | $6.0K | 2.32 |
| 0x06F6…F5AE | $2.2K | 1.79 |
| 0x19f8…ce52 | $801 | 1.86 |
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-apyUSD-11FEB2027 / USDC market
The PT-apyUSD-11FEB2027 / USDC market on Ethereum was created on October 23, 2026. Anyone can lend USDC into it, and anyone holding PT-apyUSD-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 $891K is supplied and $843K borrowed, so 94.6% of the market is in use, backed by $1.22M of PT-apyUSD-11FEB2027 from 11 borrowers. Borrowers pay 15.17% a year. Lenders earn 14.29%.
No listed vault lends to this market right now, so its supply comes from direct lenders. Liquidators who close an unsafe loan here receive a 4.38% bonus in PT-apyUSD-11FEB2027. If PT-apyUSD-11FEB2027 fell 20% against USDC, about $881K of collateral would be at risk of liquidation.
PT-apyUSD-11FEB2027 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-apyUSD-11FEB2027 on Morpho Ethereum?
In this market it is 15.17% 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-apyUSD-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-apyUSD-11FEB2027 worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-apyUSD-11FEB2027 fell to about 0.553 USDC.
How much USDC can be borrowed here right now?
$48.3K 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-apyUSD-11FEB2027 / USDC market?
Lenders earn 14.29% a year right now. No listed vault lends here, so the supply comes from people lending directly.
More ways to borrow against PT-apyUSD-11FEB2027
Other loan assets with PT-apyUSD-11FEB2027 as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-apyUSD-11FEB2027 / apxUSDEthereum · LLTV 91.5% | 9.14% | 10.11% |
