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 4.53% a year and borrowers pay 5.24% right now.
Data from Morpho's API · updated
Borrow APY
5.24%
30-day average 5.50%
Supply APY
4.53%
30-day average 4.93%
Supplied
$13.03M
13.03M USDC
Borrowed
$11.31M
86.8% utilization
Available to borrow
$1.72M
up to $9.45M with vault liquidity
Collateral posted
$0
12.14M 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 5.39% 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 | 1.14 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xF3EF…b0F6 |
| Price feeds | 0xb49f…34C1 0xbeef…DB2f |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | steakEURCVprice – |
| Borrowers | 13 |
| Created | June 23, 2026 |
| Market ID | 0xc498f4bf…78e5b5 |
| Rate model | 0x870a…00BC |
| steakEURCV token | 0xbeef…DB2f |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$12.93M of the $13.03M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse USDClends directly | $12.11M |
| Smokehouse USDClends directly | $814K |
Largest borrowers
13 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x90E8…0bFe | $4.97M | 1.11 |
| 0xA354…D805 | $2.94M | 1.14 |
| 0x06fB…C410 | $1.77M | 1.14 |
| 0xdE76…B82C | $404K | 1.26 |
| 0xfBb9…3072 | $269K | 1.12 |
| 0xe8f3…824e | $162K | 1.13 |
| 0x8c1B…84cE | $159K | 1.07 |
| 0x9f0f…34aC | $152K | 1.09 |
| 0x26B5…C366 | $26.6K | 1.03 |
| 0x130b…8E48 | $3.0K | 1.82 |
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
| 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 $13.03M is supplied and $11.31M borrowed, so 86.8% of the market is in use, backed by $0 of steakEURCV from 13 borrowers. Borrowers pay 5.24% a year, 5.50% on average over the last 30 days. Lenders earn 4.53%.
2 listed vaults lend here, providing $12.93M 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.
steakEURCV / USDC on Ethereum: quick answers
What is the USDC borrow rate against steakEURCV on Morpho Ethereum?
In this market it is 5.24% a year right now, and it averaged 5.50% 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 steakEURCV / 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 steakEURCV worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if steakEURCV fell to about 0.621 USDC.
How much USDC can be borrowed here right now?
$1.72M is free in the market, and vaults can move in up to $7.73M more through Morpho's public allocator, for about $9.45M 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 4.53% a year right now (4.93% averaged over 30 days). Most lend through vaults, such as Steakhouse USDC and Smokehouse USDC, which spread deposits across several markets.