SPCX / USDG on Robinhood Chain
A Morpho market on Robinhood Chain where people borrow USDG against SPCX. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 2.82% a year and borrowers pay 3.13% right now.
Data from Morpho's API · updated
Borrow APY
3.13%
30-day average 4.09%
Supply APY
2.82%
30-day average 3.47%
Supplied
$10.4K
10.39K USDG
Borrowed
$9.4K
90.1% utilization
Available to borrow
$1.0K
free liquidity right now
Collateral posted
$25.9K
181.49 SPCX
SPCX / USDG rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
SPCX / USDG 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 3.05% 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 SPCX collateral could be liquidated if its price fell by each amount
Based on today's loans and today's SPCX price in USDG. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 62.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 12.68%extra collateral a liquidator receives |
| SPCX price in USDG | 142.92 USDGthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xb9Bd…440a |
| Price feeds | 0x42a9…1844 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDGprice $0.9999 |
|---|---|
| Collateral | SPCXprice $143 |
| Borrowers | 5 |
| Created | September 9, 2026 |
| Market ID | 0x10151e2a…9afa10 |
| Rate model | 0x2BD3…0fa1 |
| SPCX token | 0x4a0E…5eEa |
| USDG token | 0x5fc5…d168 |
Vaults lending here
$10.4K of the $10.4K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse USDGV2lends directly | $10.4K |
| Yearn Stonk USDGV2lends directly | $20.00 |
Largest borrowers
5 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x2ca2…69b7 | $5.0K | 1.95 |
| 0x37Ea…8E1e | $1.3K | 2.46 |
| 0x6761…5779 | $604 | 1.81 |
| 0x8cb1…cD5d | $48.00 | 2.80 |
| 0xfeed…3C9a | $1.00 | 2.54 |
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 SPCX / USDG market
The SPCX / USDG market on Robinhood Chain was created on September 9, 2026. Anyone can lend USDG into it, and anyone holding SPCX can borrow that USDG against it, up to a loan-to-value of 62.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $10.4K is supplied and $9.4K borrowed, so 90.1% of the market is in use, backed by $25.9K of SPCX from 5 borrowers. Borrowers pay 3.13% a year, 4.09% on average over the last 30 days. Lenders earn 2.82%.
2 listed vaults lend here, providing $10.4K of the supply; the largest are Steakhouse USDG and Yearn Stonk USDG. Liquidators who close an unsafe loan here receive a 12.68% bonus in SPCX.
SPCX / USDG on Robinhood Chain: quick answers
What is the USDG borrow rate against SPCX on Morpho Robinhood Chain?
In this market it is 3.13% a year right now, and it averaged 4.09% over the last 30 days. The rate is variable: it follows how much of the market's USDG is borrowed, rising quickly above 90%.
When are SPCX / USDG loans liquidated?
When a loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes SPCX worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if SPCX fell to about 114.33 USDG.
How much USDG can be borrowed here right now?
$1.0K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the SPCX / USDG market?
Lenders earn 2.82% a year right now (3.47% averaged over 30 days). Most lend through vaults, such as Steakhouse USDG and Yearn Stonk USDG, which spread deposits across several markets.