PT-trUSD-26NOV2026 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-trUSD-26NOV2026. A loan can be liquidated once it reaches 94.5% of the collateral's value. Lenders earn 13.85% a year and borrowers pay 15.19% right now.
Data from Morpho's API · updated
Borrow APY
15.19%
30-day average 10.44%
Supply APY
13.85%
30-day average 9.29%
Supplied
$1.93M
1.93M USDC
Borrowed
$1.77M
91.8% utilization
Available to borrow
$159K
free liquidity right now
Collateral posted
$2.05M
2.06M PT-trUSD-26NOV2026
PT-trUSD-26NOV2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-trUSD-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 9.71% 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-trUSD-26NOV2026 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-trUSD-26NOV2026 price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 94.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 1.68%extra collateral a liquidator receives |
| PT-trUSD-26NOV2026 price in USDC | 0.992 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x3458…e7Af |
| Price feeds | 0x7180…4d19 0x33c6…3B53 0x8fFf…18f6 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | PT-trUSD-26NOV2026price $0.9952 |
| Borrowers | 30 |
| Created | July 30, 2026 |
| Market ID | 0xd21bbc23…f7d8df |
| Rate model | 0x870a…00BC |
| PT-trUSD-26NOV2026 token | 0x7191…4aBb |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$1.86M of the $1.93M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| RockawayX Tori EcosystemV2lends directly | $1.86M |
Largest borrowers
30 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x3048…A549 | $920K | 1.02 |
| 0xcEE8…7A1A | $338K | 1.16 |
| 0xD01D…22A7 | $89.5K | 1.61 |
| 0x240D…6606 | $76.2K | 1.07 |
| 0xbdc8…600C | $71.3K | 1.06 |
| 0x29ED…283D | $59.0K | 1.10 |
| 0xD3AA…AB1f | $46.5K | 1.09 |
| 0x0EAA…d73b | $43.3K | 1.13 |
| 0xF08C…2AfB | $30.1K | 1.09 |
| 0x4291…be44 | $29.9K | 1.10 |
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-trUSD-26NOV2026 / USDC market
The PT-trUSD-26NOV2026 / USDC market on Ethereum was created on July 30, 2026. Anyone can lend USDC into it, and anyone holding PT-trUSD-26NOV2026 can borrow that USDC against it, up to a loan-to-value of 94.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $1.93M is supplied and $1.77M borrowed, so 91.8% of the market is in use, backed by $2.05M of PT-trUSD-26NOV2026 from 30 borrowers. Borrowers pay 15.19% a year, 10.44% on average over the last 30 days. Lenders earn 13.85%.
1 listed vault lends here, providing $1.86M of the supply; the largest is RockawayX Tori Ecosystem. Liquidators who close an unsafe loan here receive a 1.68% bonus in PT-trUSD-26NOV2026. If PT-trUSD-26NOV2026 fell 20% against USDC, about $1.89M of collateral would be at risk of liquidation.
PT-trUSD-26NOV2026 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-trUSD-26NOV2026 on Morpho Ethereum?
In this market it is 15.19% a year right now, and it averaged 10.44% 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-trUSD-26NOV2026 / USDC loans liquidated?
When a loan reaches 94.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes PT-trUSD-26NOV2026 worth 1.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-trUSD-26NOV2026 fell to about 0.525 USDC.
How much USDC can be borrowed here right now?
$159K 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-trUSD-26NOV2026 / USDC market?
Lenders earn 13.85% a year right now (9.29% averaged over 30 days). Most lend through vaults, such as RockawayX Tori Ecosystem, which spread deposits across several markets.