yoUSD / USDC on Ethereum
A Morpho market on Ethereum where people borrow USDC against yoUSD. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 0.54% a year and borrowers pay 0.73% right now.
Data from Morpho's API · updated
Borrow APY
0.73%
30-day average 1.25%
Supply APY
0.54%
30-day average 0.86%
Supplied
$3.10M
3.10M USDC
Borrowed
$2.29M
73.8% utilization
Available to borrow
$813K
free liquidity right now
Collateral posted
$2.85M
2.66M yoUSD
yoUSD / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
yoUSD / 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 0.85% 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 yoUSD collateral could be liquidated if its price fell by each amount
Based on today's loans and today's yoUSD price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| yoUSD price in USDC | 1.07 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xD4f3…f176 |
| Price feeds | 0x0000…8a65 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | yoUSDprice $1.0706 |
| Borrowers | 21 |
| Created | October 6, 2026 |
| Market ID | 0x20e35137…173e64 |
| Rate model | 0x870a…00BC |
| yoUSD token | 0x0000…8a65 |
| USDC token | 0xA0b8…eB48 |
Vaults lending here
$3.10M of the $3.10M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| YO Ecosystem VaultV2lends directly | $3.10M |
Largest borrowers
21 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xB8B1…df19 | $486K | 1.04 |
| 0x1f91…6a7F | $450K | 1.15 |
| 0xfCc2…C07a | $397K | 1.02 |
| 0x0794…6333 | $324K | 1.01 |
| 0x7bC8…C495 | $277K | 1.12 |
| 0x85D3…4E92 | $80.0K | 1.08 |
| 0xB5b4…124C | $61.7K | 1.11 |
| 0xF5d4…7Bbe | $56.6K | 1.03 |
| 0xf92D…0BC5 | $47.7K | 1.20 |
| 0x5476…AFE0 | $46.3K | 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 yoUSD / USDC market
The yoUSD / USDC market on Ethereum was created on October 6, 2026. Anyone can lend USDC into it, and anyone holding yoUSD can borrow that USDC against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $3.10M is supplied and $2.29M borrowed, so 73.8% of the market is in use, backed by $2.85M of yoUSD from 21 borrowers. Borrowers pay 0.73% a year, 1.25% on average over the last 30 days. Lenders earn 0.54%.
1 listed vault lends here, providing $3.10M of the supply; the largest is YO Ecosystem Vault. Liquidators who close an unsafe loan here receive a 4.38% bonus in yoUSD. If yoUSD fell 20% against USDC, about $2.84M of collateral would be at risk of liquidation.
yoUSD / USDC on Ethereum: quick answers
What is the USDC borrow rate against yoUSD on Morpho Ethereum?
In this market it is 0.73% a year right now, and it averaged 1.25% 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 yoUSD / USDC loans liquidated?
When a loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes yoUSD worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if yoUSD fell to about 0.623 USDC.
How much USDC can be borrowed here right now?
$813K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the yoUSD / USDC market?
Lenders earn 0.54% a year right now (0.86% averaged over 30 days). Most lend through vaults, such as YO Ecosystem Vault, which spread deposits across several markets.
Other yoUSD / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| yoUSD / USDCBase · LLTV 91.5% | 9.20% | 10.42% |
