PT-reUSD-25JUN2026 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-reUSD-25JUN2026. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 113.30% a year and borrowers pay 113.30% right now.
Data from Morpho's API · updated
Borrow APY
113.30%
30-day average 24.64%
Supply APY
113.30%
30-day average 23.66%
Supplied
$2.3K
2.30K USDC
Borrowed
$2.3K
100.0% utilization
Available to borrow
$0
up to $0.01 with vault liquidity
Collateral posted
$0
3.33K PT-reUSD-25JUN2026
PT-reUSD-25JUN2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-reUSD-25JUN2026 / 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 20.85% 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.
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-25JUN2026 price in USDC | 1.00 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x12d6…C768 |
| Price feeds | 0x10E6…0107 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | PT-reUSD-25JUN2026price – |
| Borrowers | 6 |
| Created | December 9, 2025 |
| Market ID | 0x9bc98c2f…c7cd79 |
| Rate model | 0x870a…00BC |
| PT-reUSD-25JUN2026 token | 0x3EAA…E7b2 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
6 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x7AC9…EFEB | $1.2K | 1.33 |
| 0x74dC…2148 | $1.0K | 1.33 |
| 0x6370…537a | $53.00 | 1.26 |
| 0xe306…aF30 | $14.00 | 1.04 |
| 0x44aD…B922 | $0 | 1.04 |
| 0x2010…A961 | $0 | 18.85 |
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-reUSD-25JUN2026 / USDC market
The PT-reUSD-25JUN2026 / USDC market on Ethereum was created on December 9, 2025. Anyone can lend USDC into it, and anyone holding PT-reUSD-25JUN2026 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 $2.3K is supplied and $2.3K borrowed, so 100.0% of the market is in use, backed by $0 of PT-reUSD-25JUN2026 from 6 borrowers. Borrowers pay 113.30% a year, 24.64% on average over the last 30 days. Lenders earn 113.30%.
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 2.62% bonus in PT-reUSD-25JUN2026.
PT-reUSD-25JUN2026 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-reUSD-25JUN2026 on Morpho Ethereum?
In this market it is 113.30% a year right now, and it averaged 24.64% 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-25JUN2026 / 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-25JUN2026 worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-reUSD-25JUN2026 fell to about 0.546 USDC.
How much USDC can be borrowed here right now?
$0 is free in the market, and vaults can move in up to $0.01 more through Morpho's public allocator, for about $0.01 in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the PT-reUSD-25JUN2026 / USDC market?
Lenders earn 113.30% a year right now (23.66% averaged over 30 days). No listed vault lends here, so the supply comes from people lending directly.