sUSDat / AUSD on Ethereum
A Morpho market on Ethereum where people borrow AUSD against sUSDat. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 36.33% a year and borrowers pay 36.33% right now.
Data from Morpho's API · updated
Borrow APY
36.33%
30-day average 11.42%
Supply APY
36.33%
30-day average 9.36%
Supplied
$87.5K
87.60K AUSD
Borrowed
$87.5K
100.0% utilization
Available to borrow
$0
free liquidity right now
Collateral posted
$187K
177.96K sUSDat
sUSDat / AUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
sUSDat / 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 8.05% 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 sUSDat collateral could be liquidated if its price fell by each amount
Based on today's loans and today's sUSDat 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 |
| sUSDat price in AUSD | 1.06 AUSDthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x78e1…b23A |
| Price feeds | 0xD166…2Df7 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | AUSDprice $0.9991 |
|---|---|
| Collateral | sUSDatprice $1.0531 |
| Borrowers | 24 |
| Created | April 9, 2026 |
| Market ID | 0x582fdc41…e15065 |
| Rate model | 0x870a…00BC |
| sUSDat token | 0xD166…2Df7 |
| AUSD token | 0x0000…012a |
Vaults lending here
$12.6K of the $87.5K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Flowdesk AUSD RWA StrategyV2lends directly | $12.6K |
Largest borrowers
24 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x031F…b220 | $75.0K | 1.80 |
| 0xC384…5655 | $12.0K | 1.09 |
| 0xE712…40B9 | $208 | 38.31 |
| 0xb5e3…7653 | $87.00 | 1.91 |
| 0x08ac…0C3c | $74.00 | 1.74 |
| 0xc17A…9C65 | $43.00 | 16.13 |
| 0xaf0F…e92e | $18.00 | 27.27 |
| 0xD05b…e74A | $1.00 | 7.88 |
| 0x98De…e661 | $1.00 | 1.19 |
| 0xa330…A20b | $0 | >99 |
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 sUSDat / AUSD market
The sUSDat / AUSD market on Ethereum was created on April 9, 2026. Anyone can lend AUSD into it, and anyone holding sUSDat 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 $87.5K is supplied and $87.5K borrowed, so 100.0% of the market is in use, backed by $187K of sUSDat from 24 borrowers. Borrowers pay 36.33% a year, 11.42% on average over the last 30 days. Lenders earn 36.33%.
1 listed vault lends here, providing $12.6K of the supply; the largest is Flowdesk AUSD RWA Strategy. Liquidators who close an unsafe loan here receive a 4.38% bonus in sUSDat. If sUSDat fell 20% against AUSD, about $15.1K of collateral would be at risk of liquidation.
sUSDat / AUSD on Ethereum: quick answers
What is the AUSD borrow rate against sUSDat on Morpho Ethereum?
In this market it is 36.33% a year right now, and it averaged 11.42% 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 sUSDat / 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 sUSDat worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if sUSDat fell to about 0.615 AUSD.
How much AUSD can be borrowed here right now?
$0 is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the sUSDat / AUSD market?
Lenders earn 36.33% a year right now (9.36% averaged over 30 days). Vaults provide 14% of the supply here (Flowdesk AUSD RWA Strategy); the rest comes from people lending directly.
More ways to borrow against sUSDat
Other loan assets with sUSDat as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| sUSDat / USDTEthereum · LLTV 86% | 4.24% | 4.83% |
| sUSDat / USDCEthereum · LLTV 91.5% | 6.73% | 7.78% |
