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 3.75% a year and borrowers pay 4.75% right now.
Data from Morpho's API · updated
Borrow APY
4.75%
30-day average 5.73%
Supply APY
3.75%
30-day average 5.06%
Supplied
$1.44M
1.44M USDT
Borrowed
$1.14M
79.3% utilization
Available to borrow
$299K
up to $6.24M with vault liquidity
Collateral posted
$1.36M
1.36M 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 5.23% 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 | 0.995 USDTthe market's oracle, which liquidations follow |
| Oracle | Unknown0x3464…35BF |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDTprice $0.9990 |
|---|---|
| Collateral | PT-sUSDS-26NOV2026price $0.9978 |
| Borrowers | 7 |
| 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
$1.44M of the $1.44M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Gauntlet USDT FrontierV2lends directly | $721K |
| Smokehouse USDTlends directly | $721K |
Largest borrowers
7 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x41F9…1EE9 | $738K | 1.09 |
| 0x0370…1F6b | $379K | 1.06 |
| 0xC160…F48e | $17.7K | 1.27 |
| 0xee8F…6e33 | $8.1K | 1.33 |
| 0xd8dd…121f | $1.00 | 4.01 |
| 0xCf0a…cD69 | $0 | 1.07 |
| 0xAc1e…63F5 | $0 | 10.09 |
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 $1.44M is supplied and $1.14M borrowed, so 79.3% of the market is in use, backed by $1.36M of PT-sUSDS-26NOV2026 from 7 borrowers. Borrowers pay 4.75% a year, 5.73% on average over the last 30 days. Lenders earn 3.75%.
2 listed vaults lend here, providing $1.44M of the supply; the largest are Gauntlet USDT Frontier and Smokehouse USDT. 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 $1.32M 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 4.75% a year right now, and it averaged 5.73% 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 are PT-sUSDS-26NOV2026 / USDT 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 USDT.
How much USDT can be borrowed here right now?
$299K is free in the market, and vaults can move in up to $5.95M more through Morpho's public allocator, for about $6.24M 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 3.75% a year right now (5.06% averaged over 30 days). Most lend through vaults, such as Gauntlet USDT Frontier and Smokehouse USDT, 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% | 4.51% | 5.02% |
| PT-sUSDS-26NOV2026 / USDSEthereum · LLTV 91.5% | 6.29% | 6.86% |
