PT-reUSD-10DEC2026 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-reUSD-10DEC2026. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 8.46% a year and borrowers pay 9.46% right now.
Data from Morpho's API · updated
Borrow APY
9.46%
30-day average 10.04%
Supply APY
8.46%
30-day average 8.97%
Supplied
$151.4M
151.44M USDC
Borrowed
$136.0M
89.8% utilization
Available to borrow
$15.41M
up to $16.44M with vault liquidity
Collateral posted
$167.7M
169.15M PT-reUSD-10DEC2026
PT-reUSD-10DEC2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-reUSD-10DEC2026 / 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 9.48% 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-reUSD-10DEC2026 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-reUSD-10DEC2026 price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 91.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 2.62%extra collateral a liquidator receives |
| PT-reUSD-10DEC2026 price in USDC | 0.992 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x217d…51f0 |
| Price feeds | 0x77eE…5D89 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | PT-reUSD-10DEC2026price $0.9915 |
| Borrowers | 258 |
| Created | June 15, 2026 |
| Market ID | 0x1e9d6146…a4fc64 |
| Rate model | 0x870a…00BC |
| PT-reUSD-10DEC2026 token | 0xeCfa…3957 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$97.35M of the $151.4M supplied comes from these vaults
Largest borrowers
258 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xAa34…5Dd5 | $13.80M | 1.04 |
| 0x93e2…15A3 | $9.30M | 1.04 |
| 0xD5Ef…Ae2b | $7.03M | 1.44 |
| 0x5775…4A81 | $5.47M | 1.17 |
| 0x614D…2adE | $5.19M | 1.11 |
| 0x029c…6956 | $4.43M | 1.03 |
| 0x3976…e7f3 | $4.35M | 1.21 |
| 0x92ee…7CB2 | $4.21M | 1.01 |
| 0xdf81…2730 | $3.71M | 1.05 |
| 0x0fD6…BCB4 | $3.39M | 1.16 |
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 |
|---|---|---|
| $43.7K43.71K USDC | 0x3c8c…01a8 | |
| $147147.36 USDC | 0xc621…72c6 | |
| $792K791.81K USDC | 0x906a…9e0d | |
| $1.3K1.33K USDC | 0xc9f8…b64e | |
| $1.15M1.15M USDC | 0x43c8…c97e | |
| $6.83M6.83M USDC | 0x6e40…2c4f | |
| $36.0K36.03K USDC | 0x1599…1e20 | |
| $556K556.10K USDC | 0x5226…c708 | |
| $619K618.60K USDC | 0x5e17…98c2 | |
| $71.6K71.60K USDC | 0x2386…549c |
About the PT-reUSD-10DEC2026 / USDC market
The PT-reUSD-10DEC2026 / USDC market on Ethereum was created on June 15, 2026. Anyone can lend USDC into it, and anyone holding PT-reUSD-10DEC2026 can borrow that USDC against it, up to a loan-to-value of 91.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $151.4M is supplied and $136.0M borrowed, so 89.8% of the market is in use, backed by $167.7M of PT-reUSD-10DEC2026 from 258 borrowers. Borrowers pay 9.46% a year, 10.04% on average over the last 30 days. Lenders earn 8.46%.
15 listed vaults lend here, providing $97.35M of the supply; the largest are RockawayX USDC Yield, RockawayX Confidential RWA USDC and Steakhouse High Yield USDC. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-reUSD-10DEC2026. If PT-reUSD-10DEC2026 fell 20% against USDC, about $144.9M of collateral would be at risk of liquidation.
PT-reUSD-10DEC2026 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-reUSD-10DEC2026 on Morpho Ethereum?
In this market it is 9.46% a year right now, and it averaged 10.04% 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 are PT-reUSD-10DEC2026 / USDC loans liquidated?
When a loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes PT-reUSD-10DEC2026 worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-reUSD-10DEC2026 fell to about 0.542 USDC.
How much USDC can be borrowed here right now?
$15.41M is free in the market, and vaults can move in up to $1.03M more through Morpho's public allocator, for about $16.44M in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the PT-reUSD-10DEC2026 / USDC market?
Lenders earn 8.46% a year right now (8.97% averaged over 30 days). Most lend through vaults, such as RockawayX USDC Yield, RockawayX Confidential RWA USDC and Steakhouse High Yield USDC, which spread deposits across several markets.
Other PT-reUSD-10DEC2026 / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-reUSD-10DEC2026 / USDCMonad · LLTV 91.5% | 11.08% | 12.24% |
More ways to borrow against PT-reUSD-10DEC2026
Other loan assets with PT-reUSD-10DEC2026 as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-reUSD-10DEC2026 / USDTEthereum · LLTV 91.5% | 19.80% | 21.21% |
