sUSDai / AUSD on Ethereum
A Morpho market on Ethereum where people borrow AUSD against sUSDai. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 4.91% a year and borrowers pay 5.47% right now.
Data from Morpho's API · updated
Borrow APY
5.47%
30-day average 5.49%
Supply APY
4.91%
30-day average 4.93%
Supplied
$1.58M
1.58M AUSD
Borrowed
$1.43M
90.1% utilization
Available to borrow
$156K
free liquidity right now
Collateral posted
$1.78M
1.59M sUSDai
sUSDai / AUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
sUSDai / AUSD 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 5.29% 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 sUSDai collateral could be liquidated if its price fell by each amount
Based on today's loans and today's sUSDai price in AUSD. 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 |
| sUSDai price in AUSD | 1.13 AUSDthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x3f00…D246 |
| Price feeds | 0x0fBE…ee7a |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | AUSDprice $0.9991 |
|---|---|
| Collateral | sUSDaiprice $1.1211 |
| Borrowers | 3 |
| Created | August 19, 2026 |
| Market ID | 0x69ab0544…b239b1 |
| Rate model | 0x870a…00BC |
| sUSDai token | 0x0B2b…5ef9 |
| AUSD token | 0x0000…012a |
Vaults lending here
$1.58M of the $1.58M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Bitwise Premium RWA AUSDV2lends directly | $1.58M |
Largest borrowers
3 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x55Fa…272c | $1.39M | 1.08 |
| 0x8Bbb…Fb58 | $35.2K | 1.06 |
| 0xCeA7…73e0 | $4.8K | 1.08 |
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 sUSDai / AUSD market
The sUSDai / AUSD market on Ethereum was created on August 19, 2026. Anyone can lend AUSD into it, and anyone holding sUSDai can borrow that AUSD against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $1.58M is supplied and $1.43M borrowed, so 90.1% of the market is in use, backed by $1.78M of sUSDai from 3 borrowers. Borrowers pay 5.47% a year, 5.49% on average over the last 30 days. Lenders earn 4.91%.
1 listed vault lends here, providing $1.58M of the supply; the largest is Bitwise Premium RWA AUSD. Liquidators who close an unsafe loan here receive a 4.38% bonus in sUSDai. If sUSDai fell 20% against AUSD, about $1.78M of collateral would be at risk of liquidation.
sUSDai / AUSD on Ethereum: quick answers
What is the AUSD borrow rate against sUSDai on Morpho Ethereum?
In this market it is 5.47% a year right now, and it averaged 5.49% over the last 30 days. The rate is variable: it follows how much of the market's AUSD is borrowed, rising quickly above 90%.
When are sUSDai / AUSD loans liquidated?
When a loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes sUSDai worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if sUSDai fell to about 0.654 AUSD.
How much AUSD can be borrowed here right now?
$156K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the sUSDai / AUSD market?
Lenders earn 4.91% a year right now (4.93% averaged over 30 days). Most lend through vaults, such as Bitwise Premium RWA AUSD, which spread deposits across several markets.
More ways to borrow against sUSDai
Other loan assets with sUSDai as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| sUSDai / USDTEthereum · LLTV 91.5% | 7.54% | 8.32% |
| sUSDai / frxUSDEthereum · LLTV 86% | 3.99% | 4.45% |
| sUSDai / USDCArc · LLTV 86% | 4.85% | 5.42%−0.14% rewards |
