PT-USDat-27AUG2026 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-USDat-27AUG2026. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 16.98% a year and borrowers pay 18.71% right now.
Data from Morpho's API · updated
Borrow APY
18.71%
30-day average 15.02%
Supply APY
16.98%
30-day average 14.03%
Supplied
$5.8K
5.81K USDC
Borrowed
$5.3K
91.5% utilization
Available to borrow
$496
free liquidity right now
Collateral posted
$5.9K
5.92K PT-USDat-27AUG2026
PT-USDat-27AUG2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-USDat-27AUG2026 / 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 13.66% 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-27AUG2026 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's PT-USDat-27AUG2026 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-27AUG2026 price in USDC | 1.00 USDC |
| Oracle | Unknown0xDA25…64CD |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | PT-USDat-27AUG2026price $0.9999 |
| Borrowers | 5 |
| Created | May 15, 2026 |
| Market ID | 0x69ef7fd1…31617b |
| Rate model | 0x870a…00BC |
| PT-USDat-27AUG2026 token | 0x1D69…1e08 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
5 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x09C6…Fc44 | $5.3K | 1.02 |
| 0xc984…245a | $6.00 | 1.05 |
| 0xfc3f…6f15 | $3.00 | 1.04 |
| 0x95B3…F0cb | $2.00 | 1.41 |
| 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-27AUG2026 / USDC market
The PT-USDat-27AUG2026 / USDC market on Ethereum was created on May 15, 2026. Anyone can lend USDC into it, and anyone holding PT-USDat-27AUG2026 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 $5.8K is supplied and $5.3K borrowed, so 91.5% of the market is in use, backed by $5.9K of PT-USDat-27AUG2026 from 5 borrowers. Borrowers pay 18.71% a year, 15.02% on average over the last 30 days. Lenders earn 16.98%.
No listed vault lends to this market right now, so its supply comes from direct lenders. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-USDat-27AUG2026. If PT-USDat-27AUG2026 fell 20% against USDC, about $5.9K of collateral would be at risk of liquidation.
PT-USDat-27AUG2026 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-USDat-27AUG2026 on Morpho Ethereum?
In this market it is 18.71% a year right now, and it averaged 15.02% 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-27AUG2026 / 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-27AUG2026 worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-USDat-27AUG2026 fell to about 0.546 USDC.
How much USDC can be borrowed here right now?
$496 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-27AUG2026 / USDC market?
Lenders earn 16.98% a year right now (14.03% averaged over 30 days). Most lend through vaults, which spread deposits across several markets.