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Morpho Watch

PT-strUSD-26NOV2026 / USDC on Ethereum

A Morpho market on Ethereum where people borrow USDC against PT-strUSD-26NOV2026. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 6.72% a year and borrowers pay 7.46% right now.

Data from Morpho's API · updated

Borrow APY

7.46%

30-day average 6.78%

Supply APY

6.72%

30-day average 6.08%

Supplied

$680K

679.61K USDC

Borrowed

$614K

90.4% utilization

Available to borrow

$65.2K

free liquidity right now

Collateral posted

$816K

830.49K PT-strUSD-26NOV2026

Open in the Morpho app ↗Liquidation price calculatorBorrow cost calculator

PT-strUSD-26NOV2026 / USDC rate history

Average supply and borrow APY for each day

Utilization

PT-strUSD-26NOV2026 / 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 6.63% 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-strUSD-26NOV2026 collateral could be liquidated if its price fell by each amount

Based on today's loans and today's PT-strUSD-26NOV2026 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 bonus4.38%extra collateral a liquidator receives
PT-strUSD-26NOV2026 price in USDC0.982 USDC
OracleChainlinkOracleV20xdB6e…776D
Price feeds0xCb8c…640B
0x33c6…3B53
0x8fFf…18f6
Market feeNoneshare of interest taken by the protocol

LLTV and liquidations · How oracles work

Details

Loan assetUSDCprice $0.9999
CollateralPT-strUSD-26NOV2026price $0.9821
Borrowers38
CreatedJuly 30, 2026
Market ID0xf062a110…5ce35d
Rate model0x870a…00BC
PT-strUSD-26NOV2026 token0x7429…998f
USDC token0xA0b8…eB48

Vaults lending here

$680K of the $680K supplied comes from these vaults

VaultLent hereVault net APYVault deposits
RockawayX Tori EcosystemV2lends directly$654K6.20%$13.50M
RockawayX USDC YieldV2lends directly$25.7K6.15%$14.41M

Largest borrowers

38 open loans in this market

AddressBorrowedCollateralHealthPrice drop to liquidation
0xff5A…147E$118K$145K1.043.6%
0x8A05…9660$80.0K$99.2K1.044.2%
0x66C0…b67C$45.9K$61.6K1.1311.5%
0x9102…6E76$44.6K$61.5K1.1613.7%
0xE87C…790A$37.6K$48.4K1.087.6%
0x8F4c…ee78$34.8K$45.0K1.098.2%
0xfB9c…991B$33.5K$44.8K1.1311.1%
0x2F42…10dE$28.3K$38.7K1.1513.1%
0x2119…4BF0$26.6K$36.8K1.1613.9%
0x5288…Ba7f$23.5K$33.0K1.1815.4%

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

All liquidations →

About the PT-strUSD-26NOV2026 / USDC market

The PT-strUSD-26NOV2026 / USDC market on Ethereum was created on July 30, 2026. Anyone can lend USDC into it, and anyone holding PT-strUSD-26NOV2026 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 $680K is supplied and $614K borrowed, so 90.4% of the market is in use, backed by $816K of PT-strUSD-26NOV2026 from 38 borrowers. Borrowers pay 7.46% a year, 6.78% on average over the last 30 days. Lenders earn 6.72%.

2 listed vaults lend here, providing $680K of the supply; the largest are RockawayX Tori Ecosystem and RockawayX USDC Yield. Liquidators who close an unsafe loan here receive a 4.38% bonus in PT-strUSD-26NOV2026. If PT-strUSD-26NOV2026 fell 20% against USDC, about $767K of collateral would be at risk of liquidation.

PT-strUSD-26NOV2026 / USDC on Ethereum: quick answers

What is the USDC borrow rate against PT-strUSD-26NOV2026 on Morpho Ethereum?

In this market it is 7.46% a year right now, and it averaged 6.78% 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-strUSD-26NOV2026 / 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-strUSD-26NOV2026 worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-strUSD-26NOV2026 fell to about 0.571 USDC.

How much USDC can be borrowed here right now?

$65.2K 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-strUSD-26NOV2026 / USDC market?

Lenders earn 6.72% a year right now (6.08% averaged over 30 days). Most lend through vaults, such as RockawayX Tori Ecosystem and RockawayX USDC Yield, which spread deposits across several markets.