PT-sUSDS-26NOV2026 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-sUSDS-26NOV2026. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 4.09% a year and borrowers pay 4.60% right now.
Data from Morpho's API · updated
Borrow APY
4.60%
30-day average 4.80%
Supply APY
4.09%
30-day average 4.29%
Supplied
$15.66M
15.66M USDC
Borrowed
$13.95M
89.0% utilization
Available to borrow
$1.72M
up to $5.03M with vault liquidity
Collateral posted
$16.52M
16.66M PT-sUSDS-26NOV2026
PT-sUSDS-26NOV2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-sUSDS-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 4.64% 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-sUSDS-26NOV2026 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-sUSDS-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-sUSDS-26NOV2026 price in USDC | 0.992 USDC |
| Oracle | Unknown0x3464…35BF |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | PT-sUSDS-26NOV2026price $0.9918 |
| Borrowers | 12 |
| Created | July 31, 2026 |
| Market ID | 0x22fe4c68…4f1bd9 |
| Rate model | 0x870a…00BC |
| PT-sUSDS-26NOV2026 token | 0xdC16…6094 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$15.66M of the $15.66M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Pendle Ecosystem USDCV2lends directly | $15.66M |
Largest borrowers
12 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xe419…9cd3 | $5.30M | 1.07 |
| 0x9544…B7dd | $4.47M | 1.01 |
| 0xdB82…313F | $2.40M | 1.19 |
| 0x2385…0769 | $739K | 1.01 |
| 0xb8e0…1a20 | $540K | 1.06 |
| 0xa48E…C099 | $232K | 1.04 |
| 0x5435…fd46 | $232K | 1.05 |
| 0x7826…0848 | $25.2K | 1.09 |
| 0x6D45…d41e | $2.2K | 1.01 |
| 0x4789…CDE6 | $451 | 1.17 |
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-sUSDS-26NOV2026 / USDC market
The PT-sUSDS-26NOV2026 / USDC market on Ethereum was created on July 31, 2026. Anyone can lend USDC into it, and anyone holding PT-sUSDS-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 $15.66M is supplied and $13.95M borrowed, so 89.0% of the market is in use, backed by $16.52M of PT-sUSDS-26NOV2026 from 12 borrowers. Borrowers pay 4.60% a year, 4.80% on average over the last 30 days. Lenders earn 4.09%.
1 listed vault lends here, providing $15.66M of the supply; the largest is Pendle Ecosystem USDC. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-sUSDS-26NOV2026. If PT-sUSDS-26NOV2026 fell 20% against USDC, about $16.52M of collateral would be at risk of liquidation.
PT-sUSDS-26NOV2026 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-sUSDS-26NOV2026 on Morpho Ethereum?
In this market it is 4.60% a year right now, and it averaged 4.80% 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-sUSDS-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-sUSDS-26NOV2026 worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-sUSDS-26NOV2026 fell to about 0.542 USDC.
How much USDC can be borrowed here right now?
$1.72M is free in the market, and vaults can move in up to $3.31M more through Morpho's public allocator, for about $5.03M in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the PT-sUSDS-26NOV2026 / USDC market?
Lenders earn 4.09% a year right now (4.29% averaged over 30 days). Most lend through vaults, such as Pendle Ecosystem USDC, which spread deposits across several markets.
More ways to borrow against PT-sUSDS-26NOV2026
Other loan assets with PT-sUSDS-26NOV2026 as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-sUSDS-26NOV2026 / USDTEthereum · LLTV 91.5% | 5.38% | 5.95% |
| PT-sUSDS-26NOV2026 / USDSEthereum · LLTV 91.5% | 9.52% | 10.05% |
