stBRL / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against stBRL. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 0.00% a year and borrowers pay 0.03% right now.
Data from Morpho's API · updated
Borrow APY
0.03%
30-day average 0.25%
Supply APY
0.00%
30-day average 0.00%
Supplied
$150K
150.00K USDC
Borrowed
$73.00
0.0% utilization
Available to borrow
$150K
free liquidity right now
Collateral posted
$103
507.40 stBRL
stBRL / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
stBRL / 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 0.10% 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 stBRL collateral could be liquidated if its price fell by each amount
Based on today's loans and today's stBRL price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| stBRL price in USDC | 0.203 USDC |
| Oracle | ChainlinkOracleV20x17CD…3DBC |
| Price feeds | 0x3126…7Df1 0xc386…973D 0xDaB2…6a3f |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | stBRLprice $0.2035 |
| Borrowers | 3 |
| Created | July 9, 2026 |
| Market ID | 0xcac5902b…495308 |
| Rate model | 0x870a…00BC |
| stBRL token | 0xDaB2…6a3f |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$150K of the $150K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Tenbin USDCV2lends directly | $150K |
Largest borrowers
3 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x2436…71bA | $56.00 | 1.16 |
| 0x2fFd…83AE | $16.00 | 1.25 |
| 0xfeed…3C9a | $1.00 | 3.85 |
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 stBRL / USDC market
The stBRL / USDC market on Ethereum was created on July 9, 2026. Anyone can lend USDC into it, and anyone holding stBRL can borrow that USDC against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $150K is supplied and $73.00 borrowed, so 0.0% of the market is in use, backed by $103 of stBRL from 3 borrowers. Borrowers pay 0.03% a year, 0.25% on average over the last 30 days. Lenders earn 0.00%.
1 listed vault lends here, providing $150K of the supply; the largest is Tenbin USDC. Liquidators who close an unsafe loan here receive a 4.38% bonus in stBRL. If stBRL fell 20% against USDC, about $80.00 of collateral would be at risk of liquidation.
stBRL / USDC on Ethereum: quick answers
What is the USDC borrow rate against stBRL on Morpho Ethereum?
In this market it is 0.03% a year right now, and it averaged 0.25% 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 stBRL / USDC loan liquidated?
When the loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes stBRL worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if stBRL fell to about 0.118 USDC.
How much USDC can be borrowed here right now?
$150K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the stBRL / USDC market?
Lenders earn 0.00% a year right now (0.00% averaged over 30 days). Most lend through vaults, such as Tenbin USDC, which spread deposits across several markets.