PT-USDe-31JUL2025 / DAI on Ethereum
A Morpho market on Ethereum where people borrow DAI against PT-USDe-31JUL2025. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 5.52% a year and borrowers pay 6.11% right now.
Data from Morpho's API · updated
Borrow APY
6.11%
30-day average 5.66%
Supply APY
5.52%
30-day average 5.11%
Supplied
$49.5K
49.53K DAI
Borrowed
$44.8K
90.5% utilization
Available to borrow
$4.7K
free liquidity right now
Collateral posted
$0
50.28K PT-USDe-31JUL2025
PT-USDe-31JUL2025 / DAI rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-USDe-31JUL2025 / DAI 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 5.29% 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.
Risk settings
| Liquidation LTV (LLTV) | 91.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 2.62%extra collateral a liquidator receives |
| PT-USDe-31JUL2025 price in DAI | 1.00 DAIthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xFCaE…2E5c |
| Price feeds | 0xd59b…c866 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | DAIprice $0.9998 |
|---|---|
| Collateral | PT-USDe-31JUL2025price – |
| Borrow APY, last year | 6.02% |
| Borrowers | 6 |
| Created | March 12, 2025 |
| Market ID | 0x760b14c9…d62ae9 |
| Rate model | 0x870a…00BC |
| PT-USDe-31JUL2025 token | 0x9174…D667 |
| DAI token | 0x6B17…1d0F |
Vaults lending here
$49.5K of the $49.5K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Gauntlet DAI Corelends directly | $49.5K |
Largest borrowers
6 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x9b75…95bB | $32.2K | 1.00 |
| 0x64D8…1e02 | $12.6K | 1.00 |
| 0x53eF…8978 | $5.00 | 17.02 |
| 0x1FcC…1Fb7 | $1.00 | 1.85 |
| 0xa846…b1be | $0 | 0.98 |
| 0x4b16…9400 | $0 | 84.42 |
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-USDe-31JUL2025 / DAI market
The PT-USDe-31JUL2025 / DAI market on Ethereum was created on March 12, 2025. Anyone can lend DAI into it, and anyone holding PT-USDe-31JUL2025 can borrow that DAI 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 $49.5K is supplied and $44.8K borrowed, so 90.5% of the market is in use, backed by $0 of PT-USDe-31JUL2025 from 6 borrowers. Borrowers pay 6.11% a year, 5.66% on average over the last 30 days and 6.02% over the last year. Lenders earn 5.52%.
1 listed vault lends here, providing $49.5K of the supply; the largest is Gauntlet DAI Core. Liquidators who close an unsafe loan here receive a 2.62% bonus in PT-USDe-31JUL2025.
PT-USDe-31JUL2025 / DAI on Ethereum: quick answers
What is the DAI borrow rate against PT-USDe-31JUL2025 on Morpho Ethereum?
In this market it is 6.11% a year right now, and it averaged 5.66% over the last 30 days. The rate is variable: it follows how much of the market's DAI is borrowed, rising quickly above 90%.
When are PT-USDe-31JUL2025 / DAI 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-USDe-31JUL2025 worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if PT-USDe-31JUL2025 fell to about 0.546 DAI.
How much DAI can be borrowed here right now?
$4.7K 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-USDe-31JUL2025 / DAI market?
Lenders earn 5.52% a year right now (5.11% averaged over 30 days). Most lend through vaults, such as Gauntlet DAI Core, which spread deposits across several markets.