stakedao-frxsUSDS / frxUSD on Ethereum
A Morpho market on Ethereum where people borrow frxUSD against stakedao-frxsUSDS. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 2.09% a year and borrowers pay 2.31% right now.
Data from Morpho's API · updated
Borrow APY
2.31%
30-day average 2.17%
Supply APY
2.09%
30-day average 1.80%
Supplied
$386K
386.28K frxUSD
Borrowed
$350K
90.6% utilization
Available to borrow
$36.4K
free liquidity right now
Collateral posted
$405K
387.06K stakedao-frxsUSDS
stakedao-frxsUSDS / frxUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
stakedao-frxsUSDS / frxUSD 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 1.97% 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 stakedao-frxsUSDS collateral could be liquidated if its price fell by each amount
Based on today's loans and today's stakedao-frxsUSDS price in frxUSD. 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 |
| stakedao-frxsUSDS price in frxUSD | 1.05 frxUSDthe market's oracle, which liquidations follow |
| Oracle | Unknown0x9eD4…C185 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | frxUSDprice $1.0000 |
|---|---|
| Collateral | stakedao-frxsUSDSprice $1.0461 |
| Borrowers | 5 |
| Created | June 16, 2026 |
| Market ID | 0x1f10c089…ac47ca |
| Rate model | 0x870a…00BC |
| stakedao-frxsUSDS token | 0x6292…9F9F |
| frxUSD token | 0xCAcd…6E29 |
Vaults lending here
$386K of the $386K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Stake DAO frxUSD High YieldV2lends directly | $386K |
Largest borrowers
5 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x35A6…3aE2 | $146K | 1.05 |
| 0x9D9C…30A9 | $117K | 1.06 |
| 0x8a72…f484 | $43.8K | 1.08 |
| 0x7B06…946f | $18.3K | 1.10 |
| 0x794a…9C76 | $1.00 | 1.05 |
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 stakedao-frxsUSDS / frxUSD market
The stakedao-frxsUSDS / frxUSD market on Ethereum was created on June 16, 2026. Anyone can lend frxUSD into it, and anyone holding stakedao-frxsUSDS can borrow that frxUSD 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 $386K is supplied and $350K borrowed, so 90.6% of the market is in use, backed by $405K of stakedao-frxsUSDS from 5 borrowers. Borrowers pay 2.31% a year, 2.17% on average over the last 30 days. Lenders earn 2.09%.
1 listed vault lends here, providing $386K of the supply; the largest is Stake DAO frxUSD High Yield. Liquidators who close an unsafe loan here receive a 2.62% bonus in stakedao-frxsUSDS. If stakedao-frxsUSDS fell 20% against frxUSD, about $376K of collateral would be at risk of liquidation.
stakedao-frxsUSDS / frxUSD on Ethereum: quick answers
What is the frxUSD borrow rate against stakedao-frxsUSDS on Morpho Ethereum?
In this market it is 2.31% a year right now, and it averaged 2.17% over the last 30 days. The rate is variable: it follows how much of the market's frxUSD is borrowed, rising quickly above 90%.
When are stakedao-frxsUSDS / frxUSD 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 stakedao-frxsUSDS worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if stakedao-frxsUSDS fell to about 0.572 frxUSD.
How much frxUSD can be borrowed here right now?
$36.4K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the stakedao-frxsUSDS / frxUSD market?
Lenders earn 2.09% a year right now (1.80% averaged over 30 days). Most lend through vaults, such as Stake DAO frxUSD High Yield, which spread deposits across several markets.