BRZ / frxUSD on Polygon
A Morpho market on Polygon where people borrow frxUSD against BRZ. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 3.85% a year and borrowers pay 4.29% right now.
Data from Morpho's API · updated
Borrow APY
4.29%
30-day average 4.24%
Supply APY
3.85%
30-day average 3.83%
Supplied
$22.2K
22.22K frxUSD
Borrowed
$20.0K
90.0% utilization
Available to borrow
$2.2K
free liquidity right now
Collateral posted
$38.3K
200.00K BRZ
BRZ / frxUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
BRZ / frxUSD 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 4.29% 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 BRZ collateral could be liquidated if its price fell by each amount
Based on today's loans and today's BRZ price in frxUSD. 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 |
| BRZ price in frxUSD | 0.192 frxUSD |
| Oracle | ChainlinkOracleV20x6B0f…464c |
| Price feeds | 0xB90D…af2c 0x8BF4…f1bf |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | frxUSDprice $0.9999 |
|---|---|
| Collateral | BRZprice $0.1915 |
| Borrowers | 2 |
| Created | July 9, 2026 |
| Market ID | 0xbd14369b…b7714d |
| Rate model | 0xe675…F0B0 |
| BRZ token | 0x4eD1…75Dc |
| frxUSD token | 0x80Ee…00df |
Vaults lending here
$22.2K of the $22.2K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Feather frxUSDV2lends directly | $22.2K |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xE798…39CB | $10.0K | 1.47 |
| 0x8d3b…dB60 | $0 | 1.61 |
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 BRZ / frxUSD market
The BRZ / frxUSD market on Polygon was created on July 9, 2026. Anyone can lend frxUSD into it, and anyone holding BRZ can borrow that frxUSD against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $22.2K is supplied and $20.0K borrowed, so 90.0% of the market is in use, backed by $38.3K of BRZ from 2 borrowers. Borrowers pay 4.29% a year, 4.24% on average over the last 30 days. Lenders earn 3.85%.
1 listed vault lends here, providing $22.2K of the supply; the largest is Feather frxUSD. Liquidators who close an unsafe loan here receive a 7.41% bonus in BRZ.
BRZ / frxUSD on Polygon: quick answers
What is the frxUSD borrow rate against BRZ on Morpho Polygon?
In this market it is 4.29% a year right now, and it averaged 4.24% over the last 30 days. The rate is variable: it follows how much of the market's frxUSD is borrowed, rising quickly above 90%.
When is a BRZ / frxUSD loan liquidated?
When the loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes BRZ worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if BRZ fell to about 0.124 frxUSD.
How much frxUSD can be borrowed here right now?
$2.2K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the BRZ / frxUSD market?
Lenders earn 3.85% a year right now (3.83% averaged over 30 days). Most lend through vaults, such as Feather frxUSD, which spread deposits across several markets.