XAUt0 / USDC on Monad
A Morpho market on Monad where people borrow USDC against XAUt0. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 1.71% a year and borrowers pay 2.02% right now.
Data from Morpho's API · updated
Borrow APY
2.02%
30-day average 3.19%
Supply APY
1.71%
30-day average 2.09%
Supplied
$33.4K
33.41K USDC
Borrowed
$28.3K
84.9% utilization
Available to borrow
$5.1K
up to $8.1K with vault liquidity
Collateral posted
$57.7K
14.92 XAUt0
XAUt0 / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
XAUt0 / 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 2.11% 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 XAUt0 collateral could be liquidated if its price fell by each amount
Based on today's loans and today's XAUt0 price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 77%fixed for the life of the market |
|---|---|
| Liquidation bonus | 7.41%extra collateral a liquidator receives |
| XAUt0 price in USDC | 3.88K USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xE0b4…94aa |
| Price feeds | 0x61dD…f1B4 0xf5F1…ebec |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | XAUt0price $3.9K |
| Borrowers | 11 |
| Created | November 20, 2025 |
| Market ID | 0x51efed9d…5b213d |
| Rate model | 0x0947…400F |
| XAUt0 token | 0x01bF…1071 |
| USDC token | 0x7547…b603 |
Vaults lending here
$23.4K of the $33.4K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse High Yield USDCV2lends directly | $23.4K |
Largest borrowers
11 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x79f0…5da5 | $15.5K | 1.72 |
| 0xaFd8…2c26 | $8.2K | 1.39 |
| 0x5401…E972 | $1.1K | 1.32 |
| 0xf42c…930F | $1.0K | 1.30 |
| 0x2ab9…71f5 | $982 | 1.42 |
| 0xe750…80FF | $600 | 1.35 |
| 0x4f1B…86ae | $511 | 1.22 |
| 0x348f…7fd2 | $416 | 1.83 |
| 0xD1E6…C4E7 | $36.00 | 1.27 |
| 0xfeed…3C9a | $10.00 | 1.43 |
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 XAUt0 / USDC market
The XAUt0 / USDC market on Monad was created on November 20, 2025. Anyone can lend USDC into it, and anyone holding XAUt0 can borrow that USDC against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $33.4K is supplied and $28.3K borrowed, so 84.9% of the market is in use, backed by $57.7K of XAUt0 from 11 borrowers. Borrowers pay 2.02% a year, 3.19% on average over the last 30 days. Lenders earn 1.71%.
1 listed vault lends here, providing $23.4K of the supply; the largest is Steakhouse High Yield USDC. Liquidators who close an unsafe loan here receive a 7.41% bonus in XAUt0. If XAUt0 fell 20% against USDC, about $809 of collateral would be at risk of liquidation.
XAUt0 / USDC on Monad: quick answers
What is the USDC borrow rate against XAUt0 on Morpho Monad?
In this market it is 2.02% a year right now, and it averaged 3.19% 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 XAUt0 / USDC loans liquidated?
When a loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes XAUt0 worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if XAUt0 fell to about 2.52K USDC.
How much USDC can be borrowed here right now?
$5.1K is free in the market, and vaults can move in up to $3.0K more through Morpho's public allocator, for about $8.1K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the XAUt0 / USDC market?
Lenders earn 1.71% a year right now (2.09% averaged over 30 days). Most lend through vaults, such as Steakhouse High Yield USDC, which spread deposits across several markets.
Other XAUt0 / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| XAUt0 / USDCArbitrum · LLTV 77% | 6.65% | 7.17% |
More ways to borrow against XAUt0
Other loan assets with XAUt0 as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| XAUt0 / USDT0Arbitrum · LLTV 77% | 3.24% | 3.63% |
| XAUt0 / AUSDMonad · LLTV 77% | 2.30% | 2.80% |
