PT-USD3-17DEC2026 / USDC on Ethereum (86% LLTV, oracle 0x7160…4754)
A Morpho market on Ethereum where people borrow USDC against PT-USD3-17DEC2026. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 9.04% a year and borrowers pay 9.95% right now.
Data from Morpho's API · updated
Borrow APY
9.95%
30-day average 7.71%
Supply APY
9.04%
30-day average 7.01%
Supplied
$16.64M
16.65M USDC
Borrowed
$15.19M
91.2% utilization
Available to borrow
$1.46M
free liquidity right now
Collateral posted
$20.04M
20.31M PT-USD3-17DEC2026
PT-USD3-17DEC2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-USD3-17DEC2026 / 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 7.15% 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-USD3-17DEC2026 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-USD3-17DEC2026 price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| PT-USD3-17DEC2026 price in USDC | 0.981 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x7160…4754 |
| Price feeds | 0x8252…15aF |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | PT-USD3-17DEC2026price $0.9866 |
| Borrowers | 52 |
| Created | October 7, 2026 |
| Market ID | 0xecabc12c…c50837 |
| Rate model | 0x870a…00BC |
| PT-USD3-17DEC2026 token | 0x7f47…Eb4D |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$14.82M of the $16.64M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Pendle Ecosystem High Yield USDCV2lends directly | $7.06M |
| Wintermute USDC SelectV2lends directly | $4.21M |
| 3Jane Ecosystem VaultV2lends directly | $2.95M |
| Keyrock USDCV2lends directly | $602K |
Largest borrowers
52 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x2B41…e8Fa | $5.44M | 1.17 |
| 0xB47c…5bFD | $1.16M | 1.02 |
| 0x7A27…e9Bc | $1.07M | 1.02 |
| 0xc7b0…781e | $1.04M | 1.35 |
| 0x92ee…7CB2 | $871K | 1.00 |
| 0x2a69…378d | $729K | 1.14 |
| 0x88A6…3Cc3 | $576K | 1.10 |
| 0xe34A…F499 | $401K | 1.34 |
| 0x0cA6…97Fd | $387K | 1.04 |
| 0x8c8B…E137 | $314K | 1.56 |
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-USD3-17DEC2026 / USDC market
The PT-USD3-17DEC2026 / USDC market on Ethereum was created on October 7, 2026. Anyone can lend USDC into it, and anyone holding PT-USD3-17DEC2026 can borrow that USDC against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $16.64M is supplied and $15.19M borrowed, so 91.2% of the market is in use, backed by $20.04M of PT-USD3-17DEC2026 from 52 borrowers. Borrowers pay 9.95% a year, 7.71% on average over the last 30 days. Lenders earn 9.04%.
4 listed vaults lend here, providing $14.82M of the supply; the largest are Pendle Ecosystem High Yield USDC, Wintermute USDC Select and 3Jane Ecosystem Vault. Liquidators who close an unsafe loan here receive a 4.38% bonus in PT-USD3-17DEC2026. If PT-USD3-17DEC2026 fell 20% against USDC, about $15.08M of collateral would be at risk of liquidation.
PT-USD3-17DEC2026 / USDC (86% LLTV, oracle 0x7160…4754) on Ethereum: quick answers
What is the USDC borrow rate against PT-USD3-17DEC2026 on Morpho Ethereum?
In this market it is 9.95% a year right now, and it averaged 7.71% 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-USD3-17DEC2026 / USDC loans liquidated?
When a loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes PT-USD3-17DEC2026 worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-USD3-17DEC2026 fell to about 0.57 USDC.
How much USDC can be borrowed here right now?
$1.46M 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-USD3-17DEC2026 / USDC market?
Lenders earn 9.04% a year right now (7.01% averaged over 30 days). Most lend through vaults, such as Pendle Ecosystem High Yield USDC, Wintermute USDC Select and 3Jane Ecosystem Vault, which spread deposits across several markets.
Other PT-USD3-17DEC2026 / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-USD3-17DEC2026 / USDCEthereum · LLTV 86% | 18.56% | 19.94% |
More ways to borrow against PT-USD3-17DEC2026
Other loan assets with PT-USD3-17DEC2026 as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-USD3-17DEC2026 / USDTEthereum · LLTV 91.5% | 6.72% | 7.24% |
