PT-sUSDS-26NOV2026 / USDT on Ethereum
A Morpho market on Ethereum where people borrow USDT against PT-sUSDS-26NOV2026. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 5.38% a year and borrowers pay 5.95% right now.
Data from Morpho's API · updated
Borrow APY
5.95%
30-day average 4.98%
Supply APY
5.38%
30-day average 4.48%
Supplied
$5.84M
5.84M USDT
Borrowed
$5.30M
90.7% utilization
Available to borrow
$544K
up to $1.54M with vault liquidity
Collateral posted
$6.20M
6.25M PT-sUSDS-26NOV2026
PT-sUSDS-26NOV2026 / USDT rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-sUSDS-26NOV2026 / USDT 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 4.91% 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 USDT. 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 USDT | 0.992 USDT |
| Oracle | Unknown0x3464…35BF |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDTprice $0.9998 |
|---|---|
| Collateral | PT-sUSDS-26NOV2026price $0.9918 |
| Borrowers | 10 |
| Created | July 31, 2026 |
| Market ID | 0x0367161b…92ff1b |
| Rate model | 0x870a…00BC |
| PT-sUSDS-26NOV2026 token | 0xdC16…6094 |
| USDT token | 0xdAC1…1ec7 |
Vaults lending here
$5.74M of the $5.84M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Smokehouse USDTlends directly | $5.74M |
| Gauntlet USDT FrontierV2lends directly | $670 |
Largest borrowers
10 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x0370…1F6b | $2.02M | 1.07 |
| 0xc3c1…6786 | $1.38M | 1.06 |
| 0x29B4…5738 | $1.00M | 1.01 |
| 0x41F9…1EE9 | $733K | 1.08 |
| 0x089f…1e36 | $141K | 1.03 |
| 0xC160…F48e | $17.6K | 1.26 |
| 0xee8F…6e33 | $8.1K | 1.32 |
| 0xd8dd…121f | $1.00 | 3.97 |
| 0xCf0a…cD69 | $0 | 1.06 |
| 0xAc1e…63F5 | $0 | 9.99 |
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 / USDT market
The PT-sUSDS-26NOV2026 / USDT market on Ethereum was created on July 31, 2026. Anyone can lend USDT into it, and anyone holding PT-sUSDS-26NOV2026 can borrow that USDT 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 $5.84M is supplied and $5.30M borrowed, so 90.7% of the market is in use, backed by $6.20M of PT-sUSDS-26NOV2026 from 10 borrowers. Borrowers pay 5.95% a year, 4.98% on average over the last 30 days. Lenders earn 5.38%.
2 listed vaults lend here, providing $5.74M of the supply; the largest are Smokehouse USDT and Gauntlet USDT Frontier. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-sUSDS-26NOV2026. If PT-sUSDS-26NOV2026 fell 20% against USDT, about $6.16M of collateral would be at risk of liquidation.
PT-sUSDS-26NOV2026 / USDT on Ethereum: quick answers
What is the USDT borrow rate against PT-sUSDS-26NOV2026 on Morpho Ethereum?
In this market it is 5.95% a year right now, and it averaged 4.98% over the last 30 days. The rate is variable: it follows how much of the market's USDT is borrowed, rising quickly above 90%.
When is a PT-sUSDS-26NOV2026 / USDT 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 USDT.
How much USDT can be borrowed here right now?
$544K is free in the market, and vaults can move in up to $999K more through Morpho's public allocator, for about $1.54M in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the PT-sUSDS-26NOV2026 / USDT market?
Lenders earn 5.38% a year right now (4.48% averaged over 30 days). Most lend through vaults, such as Smokehouse USDT and Gauntlet USDT Frontier, 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 / USDSEthereum · LLTV 91.5% | 9.52% | 10.05% |
