TESOURO / BRZ on Polygon
A Morpho market on Polygon where people borrow BRZ against TESOURO. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 5.59% a year and borrowers pay 6.23% right now.
Data from Morpho's API · updated
Borrow APY
6.23%
30-day average 6.30%
Supply APY
5.59%
30-day average 5.49%
Supplied
$3.0K
17.10K BRZ
Borrowed
$2.7K
90.0% utilization
Available to borrow
$303
free liquidity right now
Collateral posted
$5.0K
22.23K TESOURO
TESOURO / BRZ rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
TESOURO / BRZ 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 6.23% 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 TESOURO collateral could be liquidated if its price fell by each amount
Based on today's loans and today's TESOURO price in BRZ. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| TESOURO price in BRZ | 1.28 BRZthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xCc18…3D09 |
| Price feeds | 0xD158…9b8c 0xB90D…af2c |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | BRZprice $0.1774 |
|---|---|
| Collateral | TESOUROprice $0.2265 |
| Borrowers | 9 |
| Created | July 8, 2026 |
| Market ID | 0x62171410…4225c1 |
| Rate model | 0xe675…F0B0 |
| TESOURO token | 0xd574…8098 |
| BRZ token | 0x4eD1…75Dc |
Vaults lending here
$3.0K of the $3.0K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Feather BRZV2lends directly | $3.0K |
Largest borrowers
9 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x4587…56c5 | $1.0K | 1.55 |
| 0x3839…A783 | $625 | 1.23 |
| 0x53fA…8C6C | $534 | 1.87 |
| 0xf0f8…8723 | $450 | 1.64 |
| 0x0011…0D7D | $71.00 | 3.03 |
| 0xc804…2049 | $43.00 | 1.15 |
| 0x8d3b…dB60 | $0 | 1.19 |
| 0xd7C5…4429 | $0 | >99 |
| 0x1301…E1F7 | $0 | 10.79 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
1 in the last 30 days, $5.7K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $5.7K29.77K BRZ | 0x2579…d0ac | |
| $1.1K5.31K BRZ | 0x65de…4f81 |
About the TESOURO / BRZ market
The TESOURO / BRZ market on Polygon was created on July 8, 2026. Anyone can lend BRZ into it, and anyone holding TESOURO can borrow that BRZ against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $3.0K is supplied and $2.7K borrowed, so 90.0% of the market is in use, backed by $5.0K of TESOURO from 9 borrowers. Borrowers pay 6.23% a year, 6.30% on average over the last 30 days. Lenders earn 5.59%.
1 listed vault lends here, providing $3.0K of the supply; the largest is Feather BRZ. Liquidators who close an unsafe loan here receive a 4.38% bonus in TESOURO. If TESOURO fell 20% against BRZ, about $949 of collateral would be at risk of liquidation. 1 loan was liquidated here in the last 30 days.
TESOURO / BRZ on Polygon: quick answers
What is the BRZ borrow rate against TESOURO on Morpho Polygon?
In this market it is 6.23% a year right now, and it averaged 6.30% over the last 30 days. The rate is variable: it follows how much of the market's BRZ is borrowed, rising quickly above 90%.
When are TESOURO / BRZ loans liquidated?
When a loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes TESOURO worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if TESOURO fell to about 0.742 BRZ.
How much BRZ can be borrowed here right now?
$303 is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the TESOURO / BRZ market?
Lenders earn 5.59% a year right now (5.49% averaged over 30 days). Most lend through vaults, such as Feather BRZ, which spread deposits across several markets.