USPC / USDC on Monad
A Morpho market on Monad where people borrow USDC against USPC. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 5.21% a year and borrowers pay 5.75% right now.
Data from Morpho's API · updated
Borrow APY
5.75%
30-day average 5.92%
Supply APY
5.21%
30-day average 7.80%
Supplied
$5.76M
5.76M USDC
Borrowed
$5.22M
90.7% utilization
Available to borrow
$534K
free liquidity right now
Collateral posted
$6.01M
5.80M USPC
USPC / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
USPC / 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 4.70% 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 USPC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's USPC 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 |
| USPC price in USDC | 1.04 USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x3908…105C |
| Price feeds | 0xbA62…3CeF |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | USPCprice $1.0347 |
| Borrowers | 2 |
| Created | October 5, 2026 |
| Market ID | 0xdcaf3f0c…e0e6a8 |
| Rate model | 0x0947…400F |
| USPC token | 0xdAFA…876E |
| USDC token | 0x7547…b603 |
Vaults lending here
$5.76M of the $5.76M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| August USPCV2lends directly | $5.76M |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xD5Ef…Ae2b | $5.22M | 1.05 |
| 0xA81A…ec24 | $0 | 11.09 |
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 USPC / USDC market
The USPC / USDC market on Monad was created on October 5, 2026. Anyone can lend USDC into it, and anyone holding USPC 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 $5.76M is supplied and $5.22M borrowed, so 90.7% of the market is in use, backed by $6.01M of USPC from 2 borrowers. Borrowers pay 5.75% a year, 5.92% on average over the last 30 days. Lenders earn 5.21%.
1 listed vault lends here, providing $5.76M of the supply; the largest is August USPC. Liquidators who close an unsafe loan here receive a 2.62% bonus in USPC. If USPC fell 20% against USDC, about $6.01M of collateral would be at risk of liquidation.
USPC / USDC on Monad: quick answers
What is the USDC borrow rate against USPC on Morpho Monad?
In this market it is 5.75% a year right now, and it averaged 5.92% 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 USPC / 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 USPC worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if USPC fell to about 0.566 USDC.
How much USDC can be borrowed here right now?
$534K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the USPC / USDC market?
Lenders earn 5.21% a year right now (7.80% averaged over 30 days). Most lend through vaults, such as August USPC, which spread deposits across several markets.
Other USPC / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| USPC / USDCEthereum · LLTV 91.5% | 4.54%+1.52% rewards | 5.04% |