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 4.51% a year and borrowers pay 5.02% right now.
Data from Morpho's API · updated
Borrow APY
5.02%
30-day average 5.21%
Supply APY
4.51%
30-day average 4.68%
Supplied
$9.71M
9.71M USDC
Borrowed
$8.74M
90.0% utilization
Available to borrow
$971K
up to $2.52M with vault liquidity
Collateral posted
$10.66M
10.69M 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 5.02% 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 | 0.995 USDCthe market's oracle, which liquidations follow |
| Oracle | Unknown0x3464…35BF |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | PT-sUSDS-26NOV2026price $0.9978 |
| Borrowers | 11 |
| 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
$9.71M of the $9.71M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Pendle Ecosystem USDCV2lends directly | $8.34M |
| Gauntlet USDC FrontierV2lends directly | $1.18M |
| Smokehouse USDClends directly | $193K |
Largest borrowers
11 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x9544…B7dd | $4.49M | 1.02 |
| 0xe419…9cd3 | $3.46M | 1.24 |
| 0x82fC…ec4C | $700K | 1.07 |
| 0x5435…fd46 | $35.5K | 1.06 |
| 0x7826…0848 | $25.3K | 1.10 |
| 0x95a7…640b | $10.0K | 1.22 |
| 0xdB82…313F | $5.1K | 1.05 |
| 0x6D45…d41e | $2.2K | 1.02 |
| 0x4789…CDE6 | $454 | 1.19 |
| 0x502D…8fB3 | $7.00 | 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-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 $9.71M is supplied and $8.74M borrowed, so 90.0% of the market is in use, backed by $10.66M of PT-sUSDS-26NOV2026 from 11 borrowers. Borrowers pay 5.02% a year, 5.21% on average over the last 30 days. Lenders earn 4.51%.
3 listed vaults lend here, providing $9.71M of the supply; the largest are Pendle Ecosystem USDC, Gauntlet USDC Frontier and Smokehouse 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 $5.96M 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 5.02% a year right now, and it averaged 5.21% 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-sUSDS-26NOV2026 / 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-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 0.544 USDC.
How much USDC can be borrowed here right now?
$971K is free in the market, and vaults can move in up to $1.55M more through Morpho's public allocator, for about $2.52M 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 4.51% a year right now (4.68% averaged over 30 days). Most lend through vaults, such as Pendle Ecosystem USDC, Gauntlet USDC Frontier and Smokehouse 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 / USDSEthereum · LLTV 91.5% | 6.29% | 6.86% |
| PT-sUSDS-26NOV2026 / USDTEthereum · LLTV 91.5% | 3.75% | 4.75% |
