syrupUSDC / AUSD on Ethereum
A Morpho market on Ethereum where people borrow AUSD against syrupUSDC. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 4.11% a year and borrowers pay 4.47% right now.
Data from Morpho's API · updated
Borrow APY
4.47%
30-day average 3.09%
Supply APY
4.11%
30-day average 2.53%
Supplied
$833K
833.77K AUSD
Borrowed
$767K
92.0% utilization
Available to borrow
$66.5K
free liquidity right now
Collateral posted
$872K
731.34K syrupUSDC
syrupUSDC / AUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
syrupUSDC / 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 2.77% 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 syrupUSDC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's syrupUSDC price in AUSD. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 91.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 2.62%extra collateral a liquidator receives |
| syrupUSDC price in AUSD | 1.19 AUSDthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xEa87…09Bc |
| Price feeds | 0x80ac…Cc0b |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | AUSDprice $0.9991 |
|---|---|
| Collateral | syrupUSDCprice $1.1920 |
| Borrowers | 17 |
| Created | January 22, 2026 |
| Market ID | 0xab319644…040056 |
| Rate model | 0x870a…00BC |
| syrupUSDC token | 0x80ac…Cc0b |
| AUSD token | 0x0000…012a |
Vaults lending here
$833K of the $833K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse High Yield InstantV2lends directly | $484K |
| Flowdesk AUSD RWA StrategyV2lends directly | $349K |
Largest borrowers
17 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x66C0…b67C | $216K | 1.05 |
| 0xa765…017d | $170K | 1.06 |
| 0xaD78…79D7 | $158K | 1.01 |
| 0xc6dD…7Aa7 | $107K | 1.02 |
| 0x7dCD…Cd08 | $100.0K | 1.01 |
| 0x4Ae9…e6f6 | $58.9K | 1.06 |
| 0x3fE2…0C83 | $36.8K | 1.05 |
| 0x96F6…7F0b | $26.5K | 1.05 |
| 0x5769…a26C | $5.0K | 1.10 |
| 0xA33c…068c | $3.3K | 1.20 |
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 syrupUSDC / AUSD market
The syrupUSDC / AUSD market on Ethereum was created on January 22, 2026. Anyone can lend AUSD into it, and anyone holding syrupUSDC can borrow that AUSD against it, up to a loan-to-value of 91.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $833K is supplied and $767K borrowed, so 92.0% of the market is in use, backed by $872K of syrupUSDC from 17 borrowers. Borrowers pay 4.47% a year, 3.09% on average over the last 30 days. Lenders earn 4.11%.
2 listed vaults lend here, providing $833K of the supply; the largest are Steakhouse High Yield Instant and Flowdesk AUSD RWA Strategy. Liquidators who close an unsafe loan here receive a 2.62% bonus in syrupUSDC. If syrupUSDC fell 20% against AUSD, about $1.00M of collateral would be at risk of liquidation.
syrupUSDC / AUSD on Ethereum: quick answers
What is the AUSD borrow rate against syrupUSDC on Morpho Ethereum?
In this market it is 4.47% a year right now, and it averaged 3.09% 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 syrupUSDC / AUSD loans liquidated?
When a loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes syrupUSDC worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if syrupUSDC fell to about 0.652 AUSD.
How much AUSD can be borrowed here right now?
$66.5K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the syrupUSDC / AUSD market?
Lenders earn 4.11% a year right now (2.53% averaged over 30 days). Most lend through vaults, such as Steakhouse High Yield Instant and Flowdesk AUSD RWA Strategy, which spread deposits across several markets.
More ways to borrow against syrupUSDC
Other loan assets with syrupUSDC as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| syrupUSDC / PYUSDEthereum · LLTV 91.5% | 4.04% | 4.50% |
| syrupUSDC / USDCArc · LLTV 91.5% | 13.69% | 14.60%−9.27% rewards |
| syrupUSDC / RLUSDEthereum · LLTV 91.5% | 3.95% | 4.47% |
| syrupUSDC / USDCArbitrum · LLTV 91.5% | 7.08% | 7.69% |
| syrupUSDC / USDCEthereum · LLTV 91.5% | 4.44% | 5.14% |
| syrupUSDC / USDT0Arbitrum · LLTV 91.5% | 0.02% | 0.05% |
