stGLD / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against stGLD. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn <0.01% a year and borrowers pay 0.05% right now.
Data from Morpho's API · updated
Borrow APY
0.05%
30-day average 0.37%
Supply APY
<0.01%
30-day average 0.02%
Supplied
$1.1K
1.12K USDC
Borrowed
$51.00
4.6% utilization
Available to borrow
$1.1K
free liquidity right now
Collateral posted
$83.00
0.0190 stGLD
stGLD / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
stGLD / 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 stGLD collateral could be liquidated if its price fell by each amount
Based on today's loans and today's stGLD 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 |
| stGLD price in USDC | 4.35K USDC |
| Oracle | ChainlinkOracleV20x150d…EA19 |
| Price feeds | 0x369C…7674 0xc386…973D 0x8d30…BF19 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | stGLDprice $4.4K |
| Borrowers | 2 |
| Created | June 19, 2026 |
| Market ID | 0x3c2ce083…c3b5f0 |
| Rate model | 0x870a…00BC |
| stGLD token | 0x8d30…BF19 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$1.1K of the $1.1K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Tenbin USDCV2lends directly | $1.1K |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x2436…71bA | $50.00 | 1.35 |
| 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 stGLD / USDC market
The stGLD / USDC market on Ethereum was created on June 19, 2026. Anyone can lend USDC into it, and anyone holding stGLD 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 $1.1K is supplied and $51.00 borrowed, so 4.6% of the market is in use, backed by $83.00 of stGLD from 2 borrowers. Borrowers pay 0.05% a year, 0.37% on average over the last 30 days. Lenders earn 0.00%.
1 listed vault lends here, providing $1.1K of the supply; the largest is Tenbin USDC. Liquidators who close an unsafe loan here receive a 4.38% bonus in stGLD.
stGLD / USDC on Ethereum: quick answers
What is the USDC borrow rate against stGLD on Morpho Ethereum?
In this market it is 0.05% a year right now, and it averaged 0.37% 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 stGLD / 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 stGLD worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if stGLD fell to about 2.53K USDC.
How much USDC can be borrowed here right now?
$1.1K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the stGLD / USDC market?
Lenders earn 0.00% a year right now (0.02% averaged over 30 days). Most lend through vaults, such as Tenbin USDC, which spread deposits across several markets.