ROY-ST-apyUSD / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against ROY-ST-apyUSD. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 2.23% a year and borrowers pay 2.48% right now.
Data from Morpho's API · updated
Borrow APY
2.48%
30-day average 2.57%
Supply APY
2.23%
30-day average 2.47%
Supplied
$458K
458.50K USDC
Borrowed
$413K
90.0% utilization
Available to borrow
$45.8K
free liquidity right now
Collateral posted
$0
394.62K ROY-ST-apyUSD
ROY-ST-apyUSD / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
ROY-ST-apyUSD / 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 2.47% 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 |
| ROY-ST-apyUSD price in USDC | 1.19 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xfcC6…5A6F |
| Price feeds | 0x7793…FbeA |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | ROY-ST-apyUSDprice – |
| Borrowers | 8 |
| Created | April 30, 2026 |
| Market ID | 0x41b12bac…6d7fa2 |
| Rate model | 0x870a…00BC |
| ROY-ST-apyUSD token | 0xBd37…227C |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
8 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x2156…49B6 | $160K | 1.05 |
| 0xC961…Fd30 | $89.7K | 1.02 |
| 0x062B…6738 | $80.6K | 1.01 |
| 0x5c06…B265 | $40.6K | 1.01 |
| 0x34b1…aEAc | $24.4K | 1.03 |
| 0x0197…74D7 | $14.0K | 1.25 |
| 0xdcF9…992f | $3.4K | 1.09 |
| 0x9782…7D50 | $3.00 | 2.67 |
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 ROY-ST-apyUSD / USDC market
The ROY-ST-apyUSD / USDC market on Ethereum was created on April 30, 2026. Anyone can lend USDC into it, and anyone holding ROY-ST-apyUSD can borrow that USDC 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 $458K is supplied and $413K borrowed, so 90.0% of the market is in use, backed by $0 of ROY-ST-apyUSD from 8 borrowers. Borrowers pay 2.48% a year, 2.57% on average over the last 30 days. Lenders earn 2.23%.
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 ROY-ST-apyUSD.
ROY-ST-apyUSD / USDC on Ethereum: quick answers
What is the USDC borrow rate against ROY-ST-apyUSD on Morpho Ethereum?
In this market it is 2.48% a year right now, and it averaged 2.57% 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 ROY-ST-apyUSD / 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 ROY-ST-apyUSD worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if ROY-ST-apyUSD fell to about 0.648 USDC.
How much USDC can be borrowed here right now?
$45.8K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the ROY-ST-apyUSD / USDC market?
Lenders earn 2.23% a year right now (2.47% averaged over 30 days). No listed vault lends here, so the supply comes from people lending directly.
Does the ROY-ST-apyUSD / USDC market have any warnings?
Morpho's app flags: unrecognized collateral.