PT-USDG-28MAY2026 / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against PT-USDG-28MAY2026. A loan can be liquidated once it reaches 94.5% of the collateral's value. Lenders earn 25.26% a year and borrowers pay 27.73% right now.
Data from Morpho's API · updated
Borrow APY
27.73%
30-day average 20.00%
Supply APY
25.26%
30-day average 17.76%
Supplied
$1.4K
1.37K USDC
Borrowed
$1.3K
92.1% utilization
Available to borrow
$109
free liquidity right now
Collateral posted
$0
1.36K PT-USDG-28MAY2026
PT-USDG-28MAY2026 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
PT-USDG-28MAY2026 / 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 16.99% 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) | 94.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 1.68%extra collateral a liquidator receives |
| PT-USDG-28MAY2026 price in USDC | – |
| Oracle | Unknown0xEA26…35E2 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | PT-USDG-28MAY2026price – |
| Borrowers | 2 |
| Created | March 6, 2026 |
| Market ID | 0x5cebfae1…9b0553 |
| Rate model | 0x870a…00BC |
| PT-USDG-28MAY2026 token | 0x9db3…0548 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$1.3K of the $1.4K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Gauntlet USDC FrontierV2lends directly | $1.3K |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x68CE…F46d | $1.3K | 1.02 |
| 0xfeed…3C9a | $1.00 | 4.12 |
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-USDG-28MAY2026 / USDC market
The PT-USDG-28MAY2026 / USDC market on Ethereum was created on March 6, 2026. Anyone can lend USDC into it, and anyone holding PT-USDG-28MAY2026 can borrow that USDC against it, up to a loan-to-value of 94.5% (its LLTV), where liquidation starts. Prices come from a custom oracle; check its source before borrowing or lending.
Right now $1.4K is supplied and $1.3K borrowed, so 92.1% of the market is in use, backed by $0 of PT-USDG-28MAY2026 from 2 borrowers. Borrowers pay 27.73% a year, 20.00% on average over the last 30 days. Lenders earn 25.26%.
1 listed vault lends here, providing $1.3K of the supply; the largest is Gauntlet USDC Frontier. Liquidators who close an unsafe loan here receive a 1.68% bonus in PT-USDG-28MAY2026.
PT-USDG-28MAY2026 / USDC on Ethereum: quick answers
What is the USDC borrow rate against PT-USDG-28MAY2026 on Morpho Ethereum?
In this market it is 27.73% a year right now, and it averaged 20.00% 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-USDG-28MAY2026 / USDC loan liquidated?
When the loan reaches 94.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes PT-USDG-28MAY2026 worth 1.68% more than it repaid.
How much USDC can be borrowed here right now?
$109 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-USDG-28MAY2026 / USDC market?
Lenders earn 25.26% a year right now (17.76% averaged over 30 days). Most lend through vaults, such as Gauntlet USDC Frontier, which spread deposits across several markets.