PT-USDat-14JAN2027 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-USDat-14JAN2027. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 6.62% a year and borrowers pay 7.26% right now.
Data from Morpho's API · updated
Borrow APY
7.26%
30-day average 5.78%
Supply APY
6.62%
30-day average 5.34%
Supplied
$2.24M
2.24M USDC
Borrowed
$2.05M
91.5% utilization
Available to borrow
$191K
free liquidity right now
Collateral posted
$2.32M
2.37M PT-USDat-14JAN2027
PT-USDat-14JAN2027 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-USDat-14JAN2027 / 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 4.98% 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-USDat-14JAN2027 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-USDat-14JAN2027 price in USDC. 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-USDat-14JAN2027 price in USDC | 0.975 USDC |
| Oracle | Unknown0x034f…2Dad |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | PT-USDat-14JAN2027price $0.9749 |
| Borrowers | 6 |
| Created | August 12, 2026 |
| Market ID | 0xc7e49dd4…f343ea |
| Rate model | 0x870a…00BC |
| PT-USDat-14JAN2027 token | 0xba96…314F |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$2.24M of the $2.24M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Wintermute USDC SelectV2lends directly | $1.20M |
| Saturn USDCV2lends directly | $794K |
| Galaxy USDC EnhancedV2lends directly | $200K |
| Hyperithm USDC ApexV2lends directly | $50.0K |
Largest borrowers
6 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x0197…8812 | $1.53M | 1.02 |
| 0x544B…aC66 | $427K | 1.04 |
| 0x3731…9806 | $41.6K | 1.06 |
| 0x039D…740F | $27.4K | 1.43 |
| 0xe5F9…8CA5 | $23.1K | 1.09 |
| 0x594c…D562 | $0 | >99 |
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-USDat-14JAN2027 / USDC market
The PT-USDat-14JAN2027 / USDC market on Ethereum was created on August 12, 2026. Anyone can lend USDC into it, and anyone holding PT-USDat-14JAN2027 can borrow that USDC 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 $2.24M is supplied and $2.05M borrowed, so 91.5% of the market is in use, backed by $2.32M of PT-USDat-14JAN2027 from 6 borrowers. Borrowers pay 7.26% a year, 5.78% on average over the last 30 days. Lenders earn 6.62%.
4 listed vaults lend here, providing $2.24M of the supply; the largest are Wintermute USDC Select, Saturn USDC and Galaxy USDC Enhanced. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-USDat-14JAN2027. If PT-USDat-14JAN2027 fell 20% against USDC, about $2.28M of collateral would be at risk of liquidation.
PT-USDat-14JAN2027 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-USDat-14JAN2027 on Morpho Ethereum?
In this market it is 7.26% a year right now, and it averaged 5.78% 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 is a PT-USDat-14JAN2027 / USDC loan liquidated?
When the loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes PT-USDat-14JAN2027 worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-USDat-14JAN2027 fell to about 0.533 USDC.
How much USDC can be borrowed here right now?
$191K 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-USDat-14JAN2027 / USDC market?
Lenders earn 6.62% a year right now (5.34% averaged over 30 days). Most lend through vaults, such as Wintermute USDC Select, Saturn USDC and Galaxy USDC Enhanced, which spread deposits across several markets.
Other PT-USDat-14JAN2027 / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-USDat-14JAN2027 / USDCMonad · LLTV 91.5% | 8.31%+1.07% rewards | 9.10% |
More ways to borrow against PT-USDat-14JAN2027
Other loan assets with PT-USDat-14JAN2027 as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| PT-USDat-14JAN2027 / USDTEthereum · LLTV 91.5% | 9.25% | 10.02% |
