PT-sUSDS-26NOV2026 / USDS on Ethereum
A Morpho market on Ethereum where people borrow USDS against PT-sUSDS-26NOV2026. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 9.52% a year and borrowers pay 10.05% right now.
Data from Morpho's API · updated
Borrow APY
10.05%
30-day average 4.20%
Supply APY
9.52%
30-day average 3.79%
Supplied
$2.33M
2.33M USDS
Borrowed
$2.21M
95.0% utilization
Available to borrow
$117K
free liquidity right now
Collateral posted
$2.69M
2.71M PT-sUSDS-26NOV2026
PT-sUSDS-26NOV2026 / USDS rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-sUSDS-26NOV2026 / USDS 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 3.94% 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 USDS. 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 USDS | 0.992 USDS |
| Oracle | ChainlinkOracleV20xda59…4646 |
| Price feeds | 0xd126…E0a4 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDSprice $0.9997 |
|---|---|
| Collateral | PT-sUSDS-26NOV2026price $0.9918 |
| Borrowers | 19 |
| Created | July 10, 2026 |
| Market ID | 0x9a8dab6d…aaf24f |
| Rate model | 0x870a…00BC |
| PT-sUSDS-26NOV2026 token | 0xdC16…6094 |
| USDS token | 0xdC03…384F |
Vaults lending here
$2.33M of the $2.33M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| sky.money USDS FlagshipV2lends directly | $2.33M |
Largest borrowers
19 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xA18d…Bc92 | $961K | 1.10 |
| 0x29B4…5738 | $293K | 1.01 |
| 0x5435…fd46 | $243K | 1.05 |
| 0xdd1f…CEd5 | $197K | 1.37 |
| 0xE8Df…3fff | $143K | 1.10 |
| 0x54b7…b69d | $54.4K | 1.10 |
| 0xEAbF…9bC2 | $54.4K | 1.06 |
| 0x628B…3f4E | $49.6K | 1.06 |
| 0x1485…70db | $49.1K | 1.02 |
| 0x2385…0769 | $40.2K | 1.01 |
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 / USDS market
The PT-sUSDS-26NOV2026 / USDS market on Ethereum was created on July 10, 2026. Anyone can lend USDS into it, and anyone holding PT-sUSDS-26NOV2026 can borrow that USDS against it, up to a loan-to-value of 91.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $2.33M is supplied and $2.21M borrowed, so 95.0% of the market is in use, backed by $2.69M of PT-sUSDS-26NOV2026 from 19 borrowers. Borrowers pay 10.05% a year, 4.20% on average over the last 30 days. Lenders earn 9.52%.
1 listed vault lends here, providing $2.33M of the supply; the largest is sky.money USDS Flagship. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-sUSDS-26NOV2026. If PT-sUSDS-26NOV2026 fell 20% against USDS, about $2.39M of collateral would be at risk of liquidation.
PT-sUSDS-26NOV2026 / USDS on Ethereum: quick answers
What is the USDS borrow rate against PT-sUSDS-26NOV2026 on Morpho Ethereum?
In this market it is 10.05% a year right now, and it averaged 4.20% over the last 30 days. The rate is variable: it follows how much of the market's USDS is borrowed, rising quickly above 90%.
When is a PT-sUSDS-26NOV2026 / USDS 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 USDS.
How much USDS can be borrowed here right now?
$117K 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-sUSDS-26NOV2026 / USDS market?
Lenders earn 9.52% a year right now (3.79% averaged over 30 days). Most lend through vaults, such as sky.money USDS Flagship, 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 / USDCEthereum · LLTV 91.5% | 4.09% | 4.60% |
| PT-sUSDS-26NOV2026 / USDTEthereum · LLTV 91.5% | 5.38% | 5.95% |
