Ultra_USD / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against Ultra_USD. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 0.00% a year and borrowers pay 0.83% right now.
Data from Morpho's API · updated
Borrow APY
0.83%
30-day average 10.87%
Supply APY
0.00%
30-day average 9.24%
Supplied
$58.2K
58.19K USDC
Borrowed
$1.00
<0.01% utilization
Available to borrow
$58.2K
free liquidity right now
Collateral posted
$3.00
2.43 Ultra_USD
Ultra_USD / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
Ultra_USD / USDC 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 3.36% 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 Ultra_USD collateral could be liquidated if its price fell by each amount
Based on today's loans and today's Ultra_USD price in USDC. 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 |
| Ultra_USD price in USDC | 1.06 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x9De4…10B6 |
| Price feeds | 0x5463…bca1 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | Ultra_USDprice $1.0565 |
| Borrowers | 2 |
| Created | June 23, 2026 |
| Market ID | 0x3b47d7ba…b4f0de |
| Rate model | 0x870a…00BC |
| Ultra_USD token | 0x5463…bca1 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$58.2K of the $58.2K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| UltraYield USDC CoreV2lends directly | $58.2K |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x2AeD…28C9 | $1.00 | 1.84 |
| 0x0638…a9d9 | $0 | 1.70 |
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 Ultra_USD / USDC market
The Ultra_USD / USDC market on Ethereum was created on June 23, 2026. Anyone can lend USDC into it, and anyone holding Ultra_USD can borrow that USDC 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 $58.2K is supplied and $1.00 borrowed, so <0.01% of the market is in use, backed by $3.00 of Ultra_USD from 2 borrowers. Borrowers pay 0.83% a year, 10.87% on average over the last 30 days. Lenders earn 0.00%.
1 listed vault lends here, providing $58.2K of the supply; the largest is UltraYield USDC Core. Liquidators who close an unsafe loan here receive a 2.62% bonus in Ultra_USD.
Ultra_USD / USDC on Ethereum: quick answers
What is the USDC borrow rate against Ultra_USD on Morpho Ethereum?
In this market it is 0.83% a year right now, and it averaged 10.87% over the last 30 days. The rate is variable: it follows how much of the market's USDC is borrowed, rising quickly above 90%.
When are Ultra_USD / USDC 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 Ultra_USD worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if Ultra_USD fell to about 0.578 USDC.
How much USDC can be borrowed here right now?
$58.2K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the Ultra_USD / USDC market?
Lenders earn 0.00% a year right now (9.24% averaged over 30 days). Most lend through vaults, such as UltraYield USDC Core, which spread deposits across several markets.