steakEURCV / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against steakEURCV. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 4.74% a year and borrowers pay 5.26% right now.
Data from Morpho's API · updated
Borrow APY
5.26%
30-day average 4.83%
Supply APY
4.74%
30-day average 4.34%
Supplied
$12.74M
12.74M USDC
Borrowed
$11.51M
90.3% utilization
Available to borrow
$1.23M
up to $8.58M with vault liquidity
Collateral posted
$0
12.53M steakEURCV
steakEURCV / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
steakEURCV / 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 4.78% 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 |
| steakEURCV price in USDC | – |
| Oracle | ChainlinkOracleV20xF3EF…b0F6 |
| Price feeds | 0xb49f…34C1 0xbeef…DB2f |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | steakEURCVprice – |
| Borrowers | 10 |
| Created | June 23, 2026 |
| Market ID | 0xc498f4bf…78e5b5 |
| Rate model | 0x870a…00BC |
| steakEURCV token | 0xbeef…DB2f |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$12.74M of the $12.74M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse USDClends directly | $12.57M |
| Smokehouse USDClends directly | $171K |
Largest borrowers
10 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x90E8…0bFe | $4.94M | 1.13 |
| 0xA354…D805 | $3.54M | 1.19 |
| 0x06fB…C410 | $2.09M | 1.19 |
| 0xdE76…B82C | $401K | 1.20 |
| 0xfBb9…3072 | $268K | 1.14 |
| 0x9f0f…34aC | $157K | 1.08 |
| 0x8c1B…84cE | $110K | 1.14 |
| 0x130b…8E48 | $3.0K | 1.19 |
| 0xCdc8…cA15 | $20.00 | 1.35 |
| 0xd8dd…121f | $1.00 | 4.01 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
1 in the last 30 days, $22.80 of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $22.8022.80 USDC | 0xbdce…e87a |
About the steakEURCV / USDC market
The steakEURCV / USDC market on Ethereum was created on June 23, 2026. Anyone can lend USDC into it, and anyone holding steakEURCV 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 $12.74M is supplied and $11.51M borrowed, so 90.3% of the market is in use, backed by $0 of steakEURCV from 10 borrowers. Borrowers pay 5.26% a year, 4.83% on average over the last 30 days. Lenders earn 4.74%.
2 listed vaults lend here, providing $12.74M of the supply; the largest are Steakhouse USDC and Smokehouse USDC. Liquidators who close an unsafe loan here receive a 2.62% bonus in steakEURCV. 1 loan was liquidated here in the last 30 days.
steakEURCV / USDC on Ethereum: quick answers
What is the USDC borrow rate against steakEURCV on Morpho Ethereum?
In this market it is 5.26% a year right now, and it averaged 4.83% 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 steakEURCV / USDC loan liquidated?
When the loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes steakEURCV worth 2.62% more than it repaid.
How much USDC can be borrowed here right now?
$1.23M is free in the market, and vaults can move in up to $7.35M more through Morpho's public allocator, for about $8.58M in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the steakEURCV / USDC market?
Lenders earn 4.74% a year right now (4.34% averaged over 30 days). Most lend through vaults, such as Steakhouse USDC and Smokehouse USDC, which spread deposits across several markets.