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 6.16% a year and borrowers pay 7.02% right now.
Data from Morpho's API · updated
Borrow APY
7.02%
30-day average 7.70%
Supply APY
6.16%
30-day average 6.88%
Supplied
$9.22M
9.23M USDC
Borrowed
$8.12M
88.0% utilization
Available to borrow
$1.10M
free liquidity right now
Collateral posted
$9.19M
9.32M 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 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-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 | 0.987 USDCthe market's oracle, which liquidations follow |
| Oracle | Unknown0x034f…2Dad |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | PT-USDat-14JAN2027price $0.9858 |
| Borrowers | 10 |
| 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
$8.81M of the $9.22M supplied comes from these vaults
Largest borrowers
10 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x0a12…0f0F | $3.26M | 1.05 |
| 0x0197…8812 | $3.23M | 1.01 |
| 0x8297…1070 | $871K | 1.02 |
| 0x86Ab…13A0 | $430K | 1.01 |
| 0x3c60…E10E | $209K | 1.05 |
| 0xEA5A…5CA8 | $90.4K | 1.22 |
| 0x7599…B95B | $30.1K | 1.14 |
| 0xD619…AD6E | $4.5K | 1.11 |
| 0x544B…aC66 | $0 | 1.05 |
| 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 $9.22M is supplied and $8.12M borrowed, so 88.0% of the market is in use, backed by $9.19M of PT-USDat-14JAN2027 from 10 borrowers. Borrowers pay 7.02% a year, 7.70% on average over the last 30 days. Lenders earn 6.16%.
6 listed vaults lend here, providing $8.81M of the supply; the largest are Hyperithm USDC Apex, Wintermute USDC Select and Pendle Ecosystem High Yield USDC. 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 $9.16M 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 7.02% a year right now, and it averaged 7.70% 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-USDat-14JAN2027 / USDC 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-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 0.539 USDC.
How much USDC can be borrowed here right now?
$1.10M 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 6.16% a year right now (6.88% averaged over 30 days). Most lend through vaults, such as Hyperithm USDC Apex, Wintermute USDC Select and Pendle Ecosystem High Yield USDC, 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% | 7.10%+0.91% rewards | 8.25% |
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% | 14.45% | 15.59% |
