wFalconX / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against wFalconX. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 4.95% a year and borrowers pay 5.55% right now.
Data from Morpho's API · updated
Borrow APY
5.55%
30-day average 5.78%
Supply APY
4.95%
30-day average 5.01%
Supplied
$23.56M
23.56M USDC
Borrowed
$21.06M
89.4% utilization
Available to borrow
$2.50M
up to $7.74M with vault liquidity
Collateral posted
$26.51M
23.92M wFalconX
wFalconX / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
wFalconX / 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 5.58% 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 wFalconX collateral could be liquidated if its price fell by each amount
Based on today's loans and today's wFalconX 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 |
| wFalconX price in USDC | 1.11 USDC |
| Oracle | ChainlinkOracleV20x52eA…93Fc |
| Price feeds | 0x5044…7dFf |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | wFalconXprice $1.1083 |
| Borrowers | 6 |
| Created | May 21, 2026 |
| Market ID | 0x2a0b8934…212467 |
| Rate model | 0x870a…00BC |
| wFalconX token | 0x4614…8644 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$7.88M of the $23.56M supplied comes from these vaults
Largest borrowers
6 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x677F…6AD3 | $11.06M | 1.14 |
| 0xdaec…2b65 | $5.38M | 1.09 |
| 0xc31c…1926 | $2.78M | 1.21 |
| 0x8B4b…5b30 | $1.42M | 1.37 |
| 0xeb10…C099 | $419K | 1.08 |
| 0xb734…e853 | $104 | 1.82 |
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 wFalconX / USDC market
The wFalconX / USDC market on Ethereum was created on May 21, 2026. Anyone can lend USDC into it, and anyone holding wFalconX 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 $23.56M is supplied and $21.06M borrowed, so 89.4% of the market is in use, backed by $26.51M of wFalconX from 6 borrowers. Borrowers pay 5.55% a year, 5.78% on average over the last 30 days. Lenders earn 4.95%.
7 listed vaults lend here, providing $7.88M of the supply; the largest are Presto USDC Forte, 3F x Steakhouse USDC and Smokehouse USDC. Liquidators who close an unsafe loan here receive a 2.62% bonus in wFalconX. If wFalconX fell 20% against USDC, about $24.38M of collateral would be at risk of liquidation.
wFalconX / USDC on Ethereum: quick answers
What is the USDC borrow rate against wFalconX on Morpho Ethereum?
In this market it is 5.55% a year right now, and it averaged 5.78% 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 is a wFalconX / USDC loan liquidated?
When the loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes wFalconX worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if wFalconX fell to about 0.606 USDC.
How much USDC can be borrowed here right now?
$2.50M is free in the market, and vaults can move in up to $5.25M more through Morpho's public allocator, for about $7.74M in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the wFalconX / USDC market?
Lenders earn 4.95% a year right now (5.01% averaged over 30 days). Most lend through vaults, such as Presto USDC Forte, 3F x Steakhouse USDC and Smokehouse USDC, which spread deposits across several markets.