PT-apyUSD-5NOV2026 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-apyUSD-5NOV2026. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 4.71% a year and borrowers pay 6.21% right now.
Data from Morpho's API · updated
Borrow APY
6.21%
30-day average 8.66%
Supply APY
4.71%
30-day average 7.39%
Supplied
$7.19M
7.20M USDC
Borrowed
$5.49M
76.4% utilization
Available to borrow
$1.70M
free liquidity right now
Collateral posted
$7.70M
8.08M PT-apyUSD-5NOV2026
PT-apyUSD-5NOV2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-apyUSD-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 7.04% 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-5NOV2026 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-apyUSD-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-apyUSD-5NOV2026 price in USDC | 0.954 USDC |
| Oracle | ChainlinkOracleV20x1001…4E65 |
| Price feeds | 0x5a35…7ACD 0x651b…B1F5 0xc386…973D |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | PT-apyUSD-5NOV2026price $0.9535 |
| Borrowers | 49 |
| Created | May 28, 2026 |
| Market ID | 0xb37c30f3…abc95c |
| Rate model | 0x870a…00BC |
| PT-apyUSD-5NOV2026 token | 0xb5Be…F150 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$2.19M of the $7.19M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Apyx USDCV2lends directly | $1.79M |
| Hyperithm USDC ApexV2lends directly | $400K |
Largest borrowers
49 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x8297…1070 | $1.60M | 1.11 |
| 0x7a20…fEaE | $1.15M | 1.07 |
| 0x7A27…e9Bc | $578K | 1.09 |
| 0xCC9E…40A8 | $388K | 1.41 |
| 0x4B47…2d0E | $250K | 1.07 |
| 0x49f3…d37E | $169K | 1.17 |
| 0x95C2…Ad98 | $148K | 1.70 |
| 0x304e…9FEC | $139K | 1.29 |
| 0x7f72…b512 | $133K | 1.17 |
| 0xf3AC…865b | $118K | 1.14 |
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
| When | Debt repaid | Transaction |
|---|---|---|
| $8.6K8.63K USDC | 0x985b…0079 |
About the PT-apyUSD-5NOV2026 / USDC market
The PT-apyUSD-5NOV2026 / USDC market on Ethereum was created on May 28, 2026. Anyone can lend USDC into it, and anyone holding PT-apyUSD-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 $7.19M is supplied and $5.49M borrowed, so 76.4% of the market is in use, backed by $7.70M of PT-apyUSD-5NOV2026 from 49 borrowers. Borrowers pay 6.21% a year, 8.66% on average over the last 30 days. Lenders earn 4.71%.
2 listed vaults lend here, providing $2.19M of the supply; the largest are Apyx USDC and Hyperithm USDC Apex. Liquidators who close an unsafe loan here receive a 4.38% bonus in PT-apyUSD-5NOV2026. If PT-apyUSD-5NOV2026 fell 20% against USDC, about $5.07M of collateral would be at risk of liquidation.
PT-apyUSD-5NOV2026 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-apyUSD-5NOV2026 on Morpho Ethereum?
In this market it is 6.21% a year right now, and it averaged 8.66% 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-apyUSD-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-apyUSD-5NOV2026 worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-apyUSD-5NOV2026 fell to about 0.554 USDC.
How much USDC can be borrowed here right now?
$1.70M 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-5NOV2026 / USDC market?
Lenders earn 4.71% a year right now (7.39% averaged over 30 days). Most lend through vaults, such as Apyx USDC and Hyperithm USDC Apex, which spread deposits across several markets.
More ways to borrow against PT-apyUSD-5NOV2026
Other loan assets with PT-apyUSD-5NOV2026 as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-apyUSD-5NOV2026 / apxUSDEthereum · LLTV 91.5% | 10.06% | 11.48% |
