PT-sUSDat-14JAN2027 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-sUSDat-14JAN2027. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 3.46% a year and borrowers pay 4.82% right now.
Data from Morpho's API · updated
Borrow APY
4.82%
30-day average 6.99%
Supply APY
3.46%
30-day average 6.51%
Supplied
$34.6K
34.65K USDC
Borrowed
$25.1K
72.4% utilization
Available to borrow
$9.6K
free liquidity right now
Collateral posted
$33.2K
34.11K PT-sUSDat-14JAN2027
PT-sUSDat-14JAN2027 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-sUSDat-14JAN2027 / 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 5.67% 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-sUSDat-14JAN2027 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-sUSDat-14JAN2027 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-sUSDat-14JAN2027 price in USDC | 0.924 USDCthe market's oracle, which liquidations follow |
| Oracle | Unknown0xf8D5…DC4D |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | PT-sUSDat-14JAN2027price $0.9728 |
| Borrowers | 8 |
| Created | August 12, 2026 |
| Market ID | 0x7fb1a1db…dc4687 |
| Rate model | 0x870a…00BC |
| PT-sUSDat-14JAN2027 token | 0x0b98…0517 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$34.6K of the $34.6K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Hyperithm USDC ApexV2lends directly | $34.6K |
Largest borrowers
8 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xEfa9…B096 | $38.2K | 1.07 |
| 0xfc77…947f | $9.1K | 1.07 |
| 0x4D03…E003 | $6.8K | 1.14 |
| 0x90EA…bEA6 | $3.2K | 1.16 |
| 0xE3Bc…6719 | $3.1K | 1.15 |
| 0x27cb…4790 | $1.9K | 1.23 |
| 0x06F6…F5AE | $984 | 1.77 |
| 0x594c…D562 | $0 | 98.71 |
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-sUSDat-14JAN2027 / USDC market
The PT-sUSDat-14JAN2027 / USDC market on Ethereum was created on August 12, 2026. Anyone can lend USDC into it, and anyone holding PT-sUSDat-14JAN2027 can borrow that USDC against it, up to a loan-to-value of 91.5% (its LLTV), where liquidation starts. Prices come from a custom oracle; check its source before borrowing or lending.
Right now $34.6K is supplied and $25.1K borrowed, so 72.4% of the market is in use, backed by $33.2K of PT-sUSDat-14JAN2027 from 8 borrowers. Borrowers pay 4.82% a year, 6.99% on average over the last 30 days. Lenders earn 3.46%.
1 listed vault lends here, providing $34.6K of the supply; the largest is Hyperithm USDC Apex. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-sUSDat-14JAN2027. If PT-sUSDat-14JAN2027 fell 20% against USDC, about $78.5K of collateral would be at risk of liquidation.
PT-sUSDat-14JAN2027 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-sUSDat-14JAN2027 on Morpho Ethereum?
In this market it is 4.82% a year right now, and it averaged 6.99% 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-sUSDat-14JAN2027 / 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-sUSDat-14JAN2027 worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-sUSDat-14JAN2027 fell to about 0.505 USDC.
How much USDC can be borrowed here right now?
$9.6K 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-sUSDat-14JAN2027 / USDC market?
Lenders earn 3.46% a year right now (6.51% averaged over 30 days). Most lend through vaults, such as Hyperithm USDC Apex, which spread deposits across several markets.