compWETH / USDC on Polygon
A Morpho market on Polygon where people borrow USDC against compWETH. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 13.88% a year and borrowers pay 16.81% right now.
Data from Morpho's API · updated
Borrow APY
16.81%
30-day average 21.06%
Supply APY
13.88%
30-day average 18.88%
Supplied
$6.1K
6.11K USDC
Borrowed
$5.1K
83.6% utilization
Available to borrow
$999
free liquidity right now
Collateral posted
$0
7.39 compWETH
compWETH / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
compWETH / 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 17.83% 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.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| compWETH price in USDC | – |
| Oracle | ChainlinkOracleV20x2e9e…CC39 |
| Price feeds | 0xfBF4…1B26 0xF5C8…3cCF |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 83.26% LTV |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | compWETHprice – |
| Borrow APY, last year | 5.30% |
| Borrowers | 7 |
| Created | April 21, 2025 |
| Market ID | 0xd1485762…179ac6 |
| Rate model | 0xe675…F0B0 |
| compWETH token | 0xF5C8…3cCF |
| USDC token | 0x3c49…3359 |
Vaults lending here
$1.9K of the $6.1K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Compound USDClends directly | $1.9K |
Largest borrowers
7 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xa92B…648B | $5.1K | 3.41 |
| 0x4B4C…9e9D | $1.00 | 7.85 |
| 0x5Afd…0cB4 | $0 | 11.88 |
| 0xC777…DD89 | $0 | 9.80 |
| 0xDbDD…3a99 | $0 | 41.99 |
| 0x706F…397e | $0 | 2.30 |
| 0xA249…DcAf | $0 | – |
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 compWETH / USDC market
The compWETH / USDC market on Polygon was created on April 21, 2025. Anyone can lend USDC into it, and anyone holding compWETH 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 $6.1K is supplied and $5.1K borrowed, so 83.6% of the market is in use, backed by $0 of compWETH from 7 borrowers. Borrowers pay 16.81% a year, 21.06% on average over the last 30 days and 5.30% over the last year. Lenders earn 13.88%.
1 listed vault lends here, providing $1.9K of the supply; the largest is Compound USDC. Liquidators who close an unsafe loan here receive a 4.38% bonus in compWETH.
compWETH / USDC on Polygon: quick answers
What is the USDC borrow rate against compWETH on Morpho Polygon?
In this market it is 16.81% a year right now, and it averaged 21.06% 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 compWETH / USDC loan liquidated?
When the loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes compWETH worth 4.38% more than it repaid.
How much USDC can be borrowed here right now?
$999 is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the compWETH / USDC market?
Lenders earn 13.88% a year right now (18.88% averaged over 30 days). Most lend through vaults, such as Compound USDC, which spread deposits across several markets.