PT-USD3-17DEC2026 / USDT on Ethereum
A Morpho market on Ethereum where people borrow USDT against PT-USD3-17DEC2026. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 6.72% a year and borrowers pay 7.24% right now.
Data from Morpho's API · updated
Borrow APY
7.24%
paid by borrowers
Supply APY
6.72%
earned by lenders
Supplied
$14.39M
14.40M USDT
Borrowed
$13.38M
93.0% utilization
Available to borrow
$1.00M
free liquidity right now
Collateral posted
$16.03M
16.25M PT-USD3-17DEC2026
PT-USD3-17DEC2026 / USDT rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-USD3-17DEC2026 / 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 3.73% 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 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-USD3-17DEC2026 price in USDT | 0.988 USDTthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xcb21…c180 |
| Price feeds | 0x0C56…c570 0x8fFf…18f6 0x3E7d…e32D |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDTprice $0.9990 |
|---|---|
| Collateral | PT-USD3-17DEC2026price $0.9866 |
| Borrowers | 60 |
| Created | October 16, 2026 |
| Market ID | 0x37a584c9…1ff53b |
| Rate model | 0x870a…00BC |
| PT-USD3-17DEC2026 token | 0x7f47…Eb4D |
| USDT token | 0xdAC1…1ec7 |
Vaults lending here
$14.28M of the $14.39M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Flowdesk Confidential High Yield USDTV2lends directly | $14.28M |
Largest borrowers
60 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x2B41…e8Fa | $4.75M | 1.19 |
| 0xA28a…6143 | $3.58M | 1.04 |
| 0x7552…F9f1 | $1.19M | 1.03 |
| 0x4f0f…912a | $1.15M | 1.04 |
| 0x7A27…e9Bc | $715K | 1.03 |
| 0x0197…8812 | $507K | 1.02 |
| 0x35b0…2826 | $212K | 1.06 |
| 0x2b85…D99f | $200K | 1.08 |
| 0x1490…3752 | $91.6K | 1.02 |
| 0x37CF…8929 | $48.1K | 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-USD3-17DEC2026 / USDT market
The PT-USD3-17DEC2026 / USDT market on Ethereum was created on October 16, 2026. Anyone can lend USDT into it, and anyone holding PT-USD3-17DEC2026 can borrow that USDT against it, up to a loan-to-value of 91.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $14.39M is supplied and $13.38M borrowed, so 93.0% of the market is in use, backed by $16.03M of PT-USD3-17DEC2026 from 60 borrowers. Borrowers pay 7.24% a year. Lenders earn 6.72%.
1 listed vault lends here, providing $14.28M of the supply; the largest is Flowdesk Confidential High Yield USDT. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-USD3-17DEC2026. If PT-USD3-17DEC2026 fell 20% against USDT, about $15.57M of collateral would be at risk of liquidation.
PT-USD3-17DEC2026 / USDT on Ethereum: quick answers
What is the USDT borrow rate against PT-USD3-17DEC2026 on Morpho Ethereum?
In this market it is 7.24% a year right now. The rate is variable: it follows how much of the market's USDT is borrowed, rising quickly above 90%.
When are PT-USD3-17DEC2026 / 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-USD3-17DEC2026 worth 2.62% 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 0.54 USDT.
How much USDT can be borrowed here right now?
$1.00M 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 / USDT market?
Lenders earn 6.72% a year right now. Most lend through vaults, such as Flowdesk Confidential High Yield USDT, which spread deposits across several markets.
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 / USDCEthereum · LLTV 86% | 18.56% | 19.94% |
| PT-USD3-17DEC2026 / USDCEthereum · LLTV 86% | 9.04% | 9.95% |
