PT-sUSDD-26NOV2026 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-sUSDD-26NOV2026. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 3.14% a year and borrowers pay 3.50% right now.
Data from Morpho's API · updated
Borrow APY
3.50%
paid by borrowers
Supply APY
3.14%
earned by lenders
Supplied
$860K
860.48K USDC
Borrowed
$774K
90.0% utilization
Available to borrow
$86.1K
free liquidity right now
Collateral posted
$862K
870.86K PT-sUSDD-26NOV2026
PT-sUSDD-26NOV2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-sUSDD-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 3.50% 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-sUSDD-26NOV2026 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-sUSDD-26NOV2026 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-sUSDD-26NOV2026 price in USDC | 0.989 USDC |
| Oracle | Unknown0xcD4A…6B46 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | PT-sUSDD-26NOV2026price $0.9890 |
| Borrowers | 3 |
| Created | September 8, 2026 |
| Market ID | 0xfa7453a6…cd56bc |
| Rate model | 0x870a…00BC |
| PT-sUSDD-26NOV2026 token | 0x459b…408B |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$860K of the $860K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Gauntlet USDC FrontierV2lends directly | $860K |
Largest borrowers
3 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x2156…49B6 | $465K | 1.02 |
| 0x0197…8812 | $309K | 1.02 |
| 0xB47f…0F1F | $1.00 | 1.07 |
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-sUSDD-26NOV2026 / USDC market
The PT-sUSDD-26NOV2026 / USDC market on Ethereum was created on September 8, 2026. Anyone can lend USDC into it, and anyone holding PT-sUSDD-26NOV2026 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 $860K is supplied and $774K borrowed, so 90.0% of the market is in use, backed by $862K of PT-sUSDD-26NOV2026 from 3 borrowers. Borrowers pay 3.50% a year. Lenders earn 3.14%.
1 listed vault lends here, providing $860K of the supply; the largest is Gauntlet USDC Frontier. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-sUSDD-26NOV2026. If PT-sUSDD-26NOV2026 fell 20% against USDC, about $862K of collateral would be at risk of liquidation.
PT-sUSDD-26NOV2026 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-sUSDD-26NOV2026 on Morpho Ethereum?
In this market it is 3.50% a year right now. The rate is variable: it follows how much of the market's USDC is borrowed, rising quickly above 90%.
When is a PT-sUSDD-26NOV2026 / USDC loan liquidated?
When the loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes PT-sUSDD-26NOV2026 worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-sUSDD-26NOV2026 fell to about 0.541 USDC.
How much USDC can be borrowed here right now?
$86.1K 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-sUSDD-26NOV2026 / USDC market?
Lenders earn 3.14% a year right now. Most lend through vaults, such as Gauntlet USDC Frontier, which spread deposits across several markets.
Does the PT-sUSDD-26NOV2026 / USDC market have any warnings?
Morpho's app flags: unrecognized collateral.
More ways to borrow against PT-sUSDD-26NOV2026
Other loan assets with PT-sUSDD-26NOV2026 as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-sUSDD-26NOV2026 / USDTEthereum · LLTV 91.5% | <0.01% | 0.57% |
