syzUSD / USDC on Monad
A Morpho market on Monad where people borrow USDC against syzUSD. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 6.23% a year and borrowers pay 7.20% right now.
Data from Morpho's API · updated
Borrow APY
7.20%
30-day average 9.69%
Supply APY
6.23%
30-day average 8.47%
Supplied
$410K
410.44K USDC
Borrowed
$357K
87.0% utilization
Available to borrow
$53.4K
free liquidity right now
Collateral posted
$426K
392.47K syzUSD
syzUSD / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
syzUSD / 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 7.36% 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 syzUSD collateral could be liquidated if its price fell by each amount
Based on today's loans and today's syzUSD 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 |
| syzUSD price in USDC | 1.08 USDC |
| Oracle | ChainlinkOracleV20x3908…4F98 |
| Price feeds | 0xa79F…7344 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | syzUSDprice $1.0842 |
| Borrowers | 5 |
| Created | March 24, 2026 |
| Market ID | 0x647f2acd…511bf6 |
| Rate model | 0x0947…400F |
| syzUSD token | 0x484b…E73f |
| USDC token | 0x7547…b603 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
5 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xa1D9…930e | $357K | 1.05 |
| 0x022f…A54E | $128 | >99 |
| 0x7A27…e9Bc | $10.00 | 1.24 |
| 0x09bf…380a | $5.00 | 2.04 |
| 0xBA70…847a | $0 | 1.00 |
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 syzUSD / USDC market
The syzUSD / USDC market on Monad was created on March 24, 2026. Anyone can lend USDC into it, and anyone holding syzUSD 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 $410K is supplied and $357K borrowed, so 87.0% of the market is in use, backed by $426K of syzUSD from 5 borrowers. Borrowers pay 7.20% a year, 9.69% on average over the last 30 days. Lenders earn 6.23%.
No listed vault lends to this market right now, so its supply comes from direct lenders. Liquidators who close an unsafe loan here receive a 2.62% bonus in syzUSD. If syzUSD fell 20% against USDC, about $411K of collateral would be at risk of liquidation.
syzUSD / USDC on Monad: quick answers
What is the USDC borrow rate against syzUSD on Morpho Monad?
In this market it is 7.20% a year right now, and it averaged 9.69% 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 syzUSD / 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 syzUSD worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if syzUSD fell to about 0.593 USDC.
How much USDC can be borrowed here right now?
$53.4K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the syzUSD / USDC market?
Lenders earn 6.23% a year right now (8.47% averaged over 30 days). Most lend through vaults, which spread deposits across several markets.
Other syzUSD / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| syzUSD / USDCEthereum · LLTV 91.5% | 3.35% | 3.75% |