PT-USD3-17DEC2026 / USDC on Ethereum (86% LLTV, oracle 0xe5E6…8d72)
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 18.56% a year and borrowers pay 19.94% right now.
Data from Morpho's API · updated
Borrow APY
19.94%
30-day average 9.67%
Supply APY
18.56%
30-day average 8.55%
Supplied
$22.21M
22.22M USDC
Borrowed
$20.80M
93.6% utilization
Available to borrow
$1.41M
free liquidity right now
Collateral posted
$27.16M
27.53M 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 9.08% 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 | 0.972 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xe5E6…8d72 |
| Price feeds | 0xDb87…eF8d |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | PT-USD3-17DEC2026price $0.9866 |
| Borrowers | 186 |
| Created | June 4, 2026 |
| Market ID | 0xf8c5aa31…ecba89 |
| Rate model | 0x870a…00BC |
| PT-USD3-17DEC2026 token | 0x7f47…Eb4D |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$12.97M of the $22.21M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| 3Jane Ecosystem VaultV2lends directly | $6.81M |
| Yearn OG USDClends directly | $3.64M |
| Yearn OG USDCV2lends directly | $1.55M |
| Keyrock USDCV2lends directly | $801K |
| KPK USDC Yield RWAV2lends directly | $170K |
Largest borrowers
186 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x6b28…bE5b | $7.31M | 1.05 |
| 0x8101…692c | $1.82M | 1.03 |
| 0x8fb5…94B5 | $1.02M | 1.20 |
| 0xCaB9…8c74 | $824K | 1.32 |
| 0xa95d…12c4 | $449K | 1.11 |
| 0xfF52…5479 | $417K | 1.06 |
| 0x448f…fa61 | $345K | 1.11 |
| 0x240D…6606 | $300K | 1.06 |
| 0xb2C4…5F2F | $295K | 1.07 |
| 0x6531…A398 | $290K | 1.13 |
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 June 4, 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 $22.21M is supplied and $20.80M borrowed, so 93.6% of the market is in use, backed by $27.16M of PT-USD3-17DEC2026 from 186 borrowers. Borrowers pay 19.94% a year, 9.67% on average over the last 30 days. Lenders earn 18.56%.
5 listed vaults lend here, providing $12.97M of the supply; the largest are 3Jane Ecosystem Vault, Yearn OG USDC and Yearn OG USDC. 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 $19.96M of collateral would be at risk of liquidation.
PT-USD3-17DEC2026 / USDC (86% LLTV, oracle 0xe5E6…8d72) on Ethereum: quick answers
What is the USDC borrow rate against PT-USD3-17DEC2026 on Morpho Ethereum?
In this market it is 19.94% a year right now, and it averaged 9.67% 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 0.565 USDC.
How much USDC can be borrowed here right now?
$1.41M 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 18.56% a year right now (8.55% averaged over 30 days). Most lend through vaults, such as 3Jane Ecosystem Vault, Yearn OG USDC and Yearn OG USDC, 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% | 9.04% | 9.95% |
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% |
