sUSDS / AUSD on Ethereum
A Morpho market on Ethereum where people borrow AUSD against sUSDS. A loan can be liquidated once it reaches 94.5% of the collateral's value. Lenders earn 10.81% a year and borrowers pay 11.84% right now.
Data from Morpho's API · updated
Borrow APY
11.84%
30-day average 10.52%
Supply APY
10.81%
30-day average 9.48%
Supplied
$38.2K
38.23K AUSD
Borrowed
$35.1K
91.7% utilization
Available to borrow
$3.2K
free liquidity right now
Collateral posted
$42.9K
38.61K sUSDS
sUSDS / AUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
sUSDS / 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 7.72% 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 sUSDS collateral could be liquidated if its price fell by each amount
Based on today's loans and today's sUSDS price in AUSD. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 94.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 1.68%extra collateral a liquidator receives |
| sUSDS price in AUSD | 1.11 AUSD |
| Oracle | Unknown0x954f…f230 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | AUSDprice $0.9999 |
|---|---|
| Collateral | sUSDSprice $1.1105 |
| Borrowers | 10 |
| Created | January 21, 2026 |
| Market ID | 0x09cf702b…f825df |
| Rate model | 0x870a…00BC |
| sUSDS token | 0xa393…7fbD |
| AUSD token | 0x0000…012a |
Vaults lending here
$33.0K of the $38.2K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Grove x Steakhouse AUSDV2lends directly | $32.3K |
| Dialectic AUSD RWAV2lends directly | $674 |
Largest borrowers
10 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xF5fF…5E58 | $34.6K | 1.16 |
| 0xd3E0…c675 | $212 | 1.04 |
| 0x9753…0274 | $173 | 1.05 |
| 0xf476…49a6 | $29.00 | 1.04 |
| 0x0603…1a13 | $9.00 | 1.05 |
| 0x0023…EcCE | $4.00 | 1.21 |
| 0xfeed…3C9a | $1.00 | 4.22 |
| 0x2067…9836 | $0 | >99 |
| 0x1Ee4…838d | $0 | 1.04 |
| 0xBAC7…B4f5 | $0 | 1.03 |
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 sUSDS / AUSD market
The sUSDS / AUSD market on Ethereum was created on January 21, 2026. Anyone can lend AUSD into it, and anyone holding sUSDS can borrow that AUSD against it, up to a loan-to-value of 94.5% (its LLTV), where liquidation starts. Prices come from a custom oracle; check its source before borrowing or lending.
Right now $38.2K is supplied and $35.1K borrowed, so 91.7% of the market is in use, backed by $42.9K of sUSDS from 10 borrowers. Borrowers pay 11.84% a year, 10.52% on average over the last 30 days. Lenders earn 10.81%.
2 listed vaults lend here, providing $33.0K of the supply; the largest are Grove x Steakhouse AUSD and Dialectic AUSD RWA. Liquidators who close an unsafe loan here receive a 1.68% bonus in sUSDS. If sUSDS fell 20% against AUSD, about $42.8K of collateral would be at risk of liquidation.
sUSDS / AUSD on Ethereum: quick answers
What is the AUSD borrow rate against sUSDS on Morpho Ethereum?
In this market it is 11.84% a year right now, and it averaged 10.52% 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 is a sUSDS / AUSD loan liquidated?
When the loan reaches 94.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes sUSDS worth 1.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if sUSDS fell to about 0.588 AUSD.
How much AUSD can be borrowed here right now?
$3.2K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the sUSDS / AUSD market?
Lenders earn 10.81% a year right now (9.48% averaged over 30 days). Most lend through vaults, such as Grove x Steakhouse AUSD and Dialectic AUSD RWA, which spread deposits across several markets.
More ways to borrow against sUSDS
Other loan assets with sUSDS as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| sUSDS / USDTEthereum · LLTV 96.5% | 3.86% | 4.23% |
| sUSDS / USDTEthereum · LLTV 96.5% | 4.45% | 4.90% |
| sUSDS / USDT0Arbitrum · LLTV 94.5% | 1.87% | 2.87% |
| sUSDS / USDCArbitrum · LLTV 94.5% | 2.59% | 2.88% |
| sUSDS / wARSEthereum · LLTV 62.5% | 19.89% | 22.18% |
