sUSDS / USDT on Ethereum (96.5% LLTV, oracle 0x0C42…4C79)
A Morpho market on Ethereum where people borrow USDT against sUSDS. A loan can be liquidated once it reaches 96.5% of the collateral's value. Lenders earn 3.00% a year and borrowers pay 3.66% right now.
Data from Morpho's API · updated
Borrow APY
3.66%
30-day average 4.45%
Supply APY
3.00%
30-day average 3.91%
Supplied
$4.91M
4.92M USDT
Borrowed
$4.04M
82.2% utilization
Available to borrow
$874K
free liquidity right now
Collateral posted
$4.39M
3.94M sUSDS
sUSDS / USDT rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
sUSDS / USDT 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 3.91% 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 USDT. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 96.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 1.06%extra collateral a liquidator receives |
| sUSDS price in USDT | 1.12 USDTthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x0C42…4C79 |
| Price feeds | 0xAed0…1ee9 0x3E7d…e32D 0xa393…7fbD |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 95.78% LTV |
Details
| Loan asset | USDTprice $0.9990 |
|---|---|
| Collateral | sUSDSprice $1.1160 |
| Borrow APY, last year | 3.48% |
| Borrowers | 56 |
| Created | November 13, 2024 |
| Market ID | 0x3274643d…9ecf0b |
| Rate model | 0x870a…00BC |
| sUSDS token | 0xa393…7fbD |
| USDT token | 0xdAC1…1ec7 |
Vaults lending here
$4.72M of the $4.91M supplied comes from these vaults
Largest borrowers
56 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xd6a3…d980 | $1.17M | 1.07 |
| 0x3D3D…85d0 | $860K | 1.05 |
| 0xB782…7a7F | $743K | 1.02 |
| 0x6c79…b32c | $688K | 1.01 |
| 0x56F9…2794 | $185K | 1.00 |
| 0xED71…8888 | $135K | 1.02 |
| 0xBC22…3b94 | $71.1K | 1.32 |
| 0x8d54…C198 | $68.2K | 1.00 |
| 0x0e28…4cFE | $42.8K | 1.11 |
| 0x3002…28Fd | $34.7K | 1.07 |
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 |
|---|---|---|
| $32.6432.65 USDT | 0xccf5…3133 | |
| $126125.72 USDT | 0xbaa8…a94a |
About the sUSDS / USDT market
The sUSDS / USDT market on Ethereum was created on November 13, 2024. Anyone can lend USDT into it, and anyone holding sUSDS can borrow that USDT against it, up to a loan-to-value of 96.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $4.91M is supplied and $4.04M borrowed, so 82.2% of the market is in use, backed by $4.39M of sUSDS from 56 borrowers. Borrowers pay 3.66% a year, 4.45% on average over the last 30 days and 3.48% over the last year. Lenders earn 3.00%.
11 listed vaults lend here, providing $4.72M of the supply; the largest are Steakhouse USDT, Spark Blue Chip USDT Vault and Smokehouse USDT. Liquidators who close an unsafe loan here receive a 1.06% bonus in sUSDS. If sUSDS fell 20% against USDT, about $4.25M of collateral would be at risk of liquidation.
sUSDS / USDT (96.5% LLTV, oracle 0x0C42…4C79) on Ethereum: quick answers
What is the USDT borrow rate against sUSDS on Morpho Ethereum?
In this market it is 3.66% a year right now, and it averaged 4.45% over the last 30 days. The rate is variable: it follows how much of the market's USDT is borrowed, rising quickly above 90%.
When are sUSDS / USDT loans liquidated?
When a loan reaches 96.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes sUSDS worth 1.06% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if sUSDS fell to about 0.579 USDT.
How much USDT can be borrowed here right now?
$874K 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 / USDT market?
Lenders earn 3.00% a year right now (3.91% averaged over 30 days). Most lend through vaults, such as Steakhouse USDT, Spark Blue Chip USDT Vault and Smokehouse USDT, which spread deposits across several markets.
Other sUSDS / USDT markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| sUSDS / USDTEthereum · LLTV 96.5% | 3.15% | 3.49% |
More ways to borrow against sUSDS
Other loan assets with sUSDS as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| sUSDS / USDT0Arbitrum · LLTV 94.5% | 3.24% | 3.63% |
| sUSDS / USDCArbitrum · LLTV 94.5% | 3.35% | 3.71% |
| sUSDS / wARSEthereum · LLTV 62.5% | 1.95% | 2.41% |
