steakUSDC / EURCV on Ethereum
A Morpho market on Ethereum where people borrow EURCV against steakUSDC. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 0.91% a year and borrowers pay 1.01% right now.
Data from Morpho's API · updated
Borrow APY
1.01%
30-day average 1.01%
Supply APY
0.91%
30-day average 0.91%
Supplied
$949K
858.83K EURCV
Borrowed
$854K
90.1% utilization
Available to borrow
$94.3K
up to $96.6K with vault liquidity
Collateral posted
$0
1.03M steakUSDC
steakUSDC / EURCV rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
steakUSDC / EURCV 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 0.99% 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 |
| steakUSDC price in EURCV | 0.941 EURCVthe market's oracle, which liquidations follow |
| Oracle | Unknown0x74eC…44c2 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | EURCVprice $1.1047 |
|---|---|
| Collateral | steakUSDCprice – |
| Borrowers | 28 |
| Created | February 24, 2026 |
| Market ID | 0xf135feb2…58145a |
| Rate model | 0x870a…00BC |
| steakUSDC token | 0xbeef…0f51 |
| EURCV token | 0x5F78…5Ff2 |
Vaults lending here
$949K of the $949K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse Prime EURCVV2lends directly | $949K |
Largest borrowers
28 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x8c1B…84cE | $184K | 1.10 |
| 0x9f0f…34aC | $179K | 1.12 |
| 0x8d55…5798 | $80.9K | 1.17 |
| 0x8194…2B6F | $59.1K | 1.09 |
| 0xbD54…022E | $55.1K | 1.15 |
| 0x8699…B723 | $47.3K | 1.16 |
| 0x3689…86e5 | $46.6K | 1.17 |
| 0x0BBA…Abbd | $39.9K | 1.17 |
| 0x182b…522a | $39.0K | 1.15 |
| 0xB222…07f2 | $22.4K | 1.19 |
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 |
|---|---|---|
| $24.7121.71 EURCV | 0x8388…9074 |
About the steakUSDC / EURCV market
The steakUSDC / EURCV market on Ethereum was created on February 24, 2026. Anyone can lend EURCV into it, and anyone holding steakUSDC can borrow that EURCV 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 $949K is supplied and $854K borrowed, so 90.1% of the market is in use, backed by $0 of steakUSDC from 28 borrowers. Borrowers pay 1.01% a year, 1.01% on average over the last 30 days. Lenders earn 0.91%.
1 listed vault lends here, providing $949K of the supply; the largest is Steakhouse Prime EURCV. Liquidators who close an unsafe loan here receive a 2.62% bonus in steakUSDC.
steakUSDC / EURCV on Ethereum: quick answers
What is the EURCV borrow rate against steakUSDC on Morpho Ethereum?
In this market it is 1.01% a year right now, and it averaged 1.01% over the last 30 days. The rate is variable: it follows how much of the market's EURCV is borrowed, rising quickly above 90%.
When are steakUSDC / EURCV 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 steakUSDC worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if steakUSDC fell to about 0.514 EURCV.
How much EURCV can be borrowed here right now?
$94.3K is free in the market, and vaults can move in up to $2.2K more through Morpho's public allocator, for about $96.6K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the steakUSDC / EURCV market?
Lenders earn 0.91% a year right now (0.91% averaged over 30 days). Most lend through vaults, such as Steakhouse Prime EURCV, which spread deposits across several markets.
More ways to borrow against steakUSDC
Other loan assets with steakUSDC as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| steakUSDC / XSGDBase · LLTV 91.5% | 0.53% | 0.69% |
