srRoyUSDC / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against srRoyUSDC. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 0.01% a year and borrowers pay 1.15% right now.
Data from Morpho's API · updated
Borrow APY
1.15%
30-day average 18.59%
Supply APY
0.01%
30-day average 16.25%
Supplied
$64.1K
64.15K USDC
Borrowed
$594
0.9% utilization
Available to borrow
$63.5K
free liquidity right now
Collateral posted
$791
762.83 srRoyUSDC
srRoyUSDC / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
srRoyUSDC / 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 4.53% 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 srRoyUSDC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's srRoyUSDC 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 |
| srRoyUSDC price in USDC | 1.04 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x86A8…6Ab0 |
| Price feeds | 0xcD9f…2a32 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | srRoyUSDCprice $1.0371 |
| Borrowers | 7 |
| Created | February 13, 2026 |
| Market ID | 0xacc49fbf…7a2c67 |
| Rate model | 0x870a…00BC |
| srRoyUSDC token | 0xcD9f…2a32 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
7 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x950f…A86F | $112 | 1.00 |
| 0x888c…de8B | $4.00 | 1.01 |
| 0x7777…a667 | $2.00 | 1.79 |
| 0x3513…AE27 | $0 | >99 |
| 0x0000…e69D | $0 | >99 |
| 0xb4D4…7383 | $0 | >99 |
| 0xE08D…D015 | $0 | >99 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
7 in the last 30 days, $4.2K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $13.2913.30 USDC | 0x82b3…ad0d | |
| $487487.45 USDC | 0x6185…3ef3 | |
| $429428.91 USDC | 0x569c…1af6 | |
| $111111.55 USDC | 0x0597…3aa0 | |
| $1.2K1.21K USDC | 0xce01…b65e | |
| $1.6K1.63K USDC | 0xc025…4f2b | |
| $322322.07 USDC | 0x405e…936e | |
| $13.7813.78 USDC | 0xb554…6d81 | |
| $105104.90 USDC | 0x07f3…3c43 | |
| $99.99100.00 USDC | 0x001f…794a |
About the srRoyUSDC / USDC market
The srRoyUSDC / USDC market on Ethereum was created on February 13, 2026. Anyone can lend USDC into it, and anyone holding srRoyUSDC 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 $64.1K is supplied and $594 borrowed, so 0.9% of the market is in use, backed by $791 of srRoyUSDC from 7 borrowers. Borrowers pay 1.15% a year, 18.59% on average over the last 30 days. Lenders earn 0.01%.
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 srRoyUSDC. If srRoyUSDC fell 20% against USDC, about $127 of collateral would be at risk of liquidation. 7 loans were liquidated here in the last 30 days.
srRoyUSDC / USDC on Ethereum: quick answers
What is the USDC borrow rate against srRoyUSDC on Morpho Ethereum?
In this market it is 1.15% a year right now, and it averaged 18.59% 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 srRoyUSDC / 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 srRoyUSDC worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if srRoyUSDC fell to about 0.567 USDC.
How much USDC can be borrowed here right now?
$63.5K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the srRoyUSDC / USDC market?
Lenders earn 0.01% a year right now (16.25% averaged over 30 days). No listed vault lends here, so the supply comes from people lending directly.