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Lending

Borrowers post credit tokens. Lenders supply the stablecoins.

Morpho, Loopscale, isolated Kamino and Euler markets · one collateral per market · covers 100% of borrowing
Lenders
$58.0M$57,982,333 Morpho · 9 Nov, 22:53 UTC+17.3%+17.332% Morpho · 9 Nov, 22:53 UTC 30D
9.17%9.1739% Morpho · 9 Nov, 22:53 UTC
earn
82.7%82.6816% Morpho · 9 Nov, 22:53 UTC
via vaults
Dollars
91.4%91.4414% Morpho · 9 Nov, 22:53 UTClent outShare of the supplied money that is borrowed right now.
$5.0M$4,962,458 Morpho · 9 Nov, 22:53 UTC freerates jump above 90%
Borrowers
$53.1M$53,120,842 Morpho · 9 Nov, 22:53 UTC+26.4%+26.398% Morpho · 9 Nov, 22:53 UTC 30D
10.03%10.0268% Morpho · 9 Nov, 22:53 UTC
pay
79.8%79.7568% Morpho · 9 Nov, 22:53 UTC
avg LTVLoan-to-value: the loan as a share of the collateral behind it.
Total borrowed against private credit$53.1M$53,120,842 Morpho · 9 Nov, 22:53 UTC isolated + $236.8K$236,824 Morpho · 9 Nov, 22:53 UTC pooled =$53.4M$53,357,666 Morpho · 9 Nov, 22:53 UTC
Data as of 9 Nov, 22:53 UTC· Each venue matched to its own totals within 2%, except Loopscale, which publishes noneHow we count
Borrowed+84.8%+84.824% Morpho · 9 Nov, 22:53 UTC 90D
MorphoSuppliedFree

Isolated markets · Kamino and Morpho history backfilled

About this data

Source: Morpho position reads.

Who borrows against what

All 1 tokens
TokenVenuesMarket typeBacking loansDeposited onlyCredit tokens in a venue that back no loan.BorrowedFixed rateAvg LTVLoan-to-value: the loan as a share of the collateral behind it.Max LTVThe highest limit among the variable-rate markets where the token is posted, as on its token page. Fixed-term loans set their own.Priced by
MIsolated + pooled$66.9M$66,886,615 $42.6K$42,642 $53.4M$53,357,666 from 7.00%7.0038% M79.8%79.7733% 91.5%Fixed
1 of 1

Lenders

Earn vaultLends againstTo credit% of vaultLend rate% lent
Yearn OG USDC · Morpho · EthereumUSD3$3.1M$3,140,997 30.8%30.7521% 6.36%6.3629% 88.4%88.4026%
Yearn OG USDC · Morpho · EthereumUSD3$602.6K$602,601 22.1%22.079% 6.06%6.0576% 90.2%90.2193%
Wintermute USDC Select · Morpho · EthereumUSD3$4.7M$4,658,291 11.2%11.2255% 5.78%5.782% 88%87.9929%
Pendle Ecosystem High Yield USDC · Morpho · EthereumUSD3$4.3M$4,341,020 29.8%29.8352% 8.10%8.1016% 91.4%91.3564%
Murmurr USDC Frontier · Morpho · EthereumUSD3$31.4K$31,436 28.9%28.8724% 6.95%6.9475% 90.2%90.212%
KPK USDC Yield RWA · Morpho · EthereumUSD3$342.0K$342,027 33.4%33.4332% 6.30%6.2955% 87.1%87.0911%
KPK USDC Yield · Morpho · EthereumUSD3$2.6M$2,626,672 15.4%15.394% 6.33%6.3318% 84%83.9612%
Keyrock USDC · Morpho · EthereumUSD3$1.3M$1,272,126 15.3%15.3049% 6.25%6.2507% 90.7%90.7069%
Flowdesk Confidential High Yield USDT · Morpho · EthereumUSD3$13.5M$13,516,744 35.8%35.78% 10.20%10.2048% 99.9%99.9216%
3Jane Ecosystem Vault · Morpho · EthereumUSD3$13.5M$13,508,337 88.9%88.9392% 6.94%6.9436% 88.9%88.9395%
10 of 10 · % of vault = share of the vault’s money lent against private-credit tokens. Vaults under $1K are hidden

Can I withdraw?

3Morpho · 9 Nov, 22:53 UTC of 4Morpho · 9 Nov, 22:53 UTCmarkets over 90% lent today

7Morpho · 9 Nov, 22:53 UTC of the last 30 days above 90%. Free cash per token:

USD3$5.0M$4,962,458 Morpho · 9 Nov, 22:53 UTC · 91%

Over 90% lent: withdrawals may wait until borrowers repay.

Have lenders lost money?

$0Morpho, Euler, Aave, Kamino · 10 Nov, 00:00 UTCbad debt
Liquidated since 10 Aug$0Morpho, Euler, Aave, Kamino · 10 Nov, 00:00 UTC · 0Morpho, Euler, Aave, Kamino · 10 Nov, 00:00 UTC
Largest—No liquidation recorded for these filters

Covers Morpho, Euler, Aave, Kamino. Bad debt excludes Euler and Kamino, where no bad-debt figure can be read.

How is the collateral priced?

Market price$16.3M$16,263,840 Morpho · 9 Nov, 22:53 UTC · 24.3%24.3155% Morpho · 9 Nov, 22:53 UTC
Issuer NAVNet asset value: the price the token’s issuer publishes.$11.7M$11,666,645 Morpho · 9 Nov, 22:53 UTC · 17.4%17.4424% Morpho · 9 Nov, 22:53 UTC
Fixed price$39.0M$38,956,130 Morpho · 9 Nov, 22:53 UTC · 58.2%58.242% Morpho · 9 Nov, 22:53 UTC
Unknown$0Morpho · 9 Nov, 22:53 UTC · 0%Morpho · 9 Nov, 22:53 UTC

Issuer NAV: if the token trades lower on the market, the lending market won’t see it. No liquidation happens, and lenders carry the loss.

How we count

Backing loans: credit tokens enabled as collateral, with an LTV above zero, in a position with debt. Deposited only: every other credit token in the venue.

Borrowed: in an isolated market, the market’s borrowing. In a pooled market, the debt of positions holding credit tokens, split across mixed collateral by value at the market’s own oracle.

Pooled markets show lender figures for the whole pool, because that money is not set aside for credit borrowers. Lend rate is weighted by supply, borrow rate by debt.

Loopscale is borrowed only: its lender supply cannot be read, so it is left out of supplied, % lent and free. Fluid and Jupiter Lend are not covered yet. Markets with no collateral and no debt are hidden; turn them on in Filters.

Left out because the market’s oracle fails or is broken: Morpho PRIME / USDC on ethereum (0xec10f939836409ccc1e82979b34a06591b8e7476fcca1cb0b94d33d68e6d6526): its oracle is broken, it values one PRIME at $1.069e+12 against Morpho's $1.069; debt 1 USDC; Morpho muBOND / USDC on ethereum (0x6cf7e63f37d7f2ca2b86d1415eeedd4173b30f9974e8a706016e1f798b479b03): its oracle reverts; debt 219326 USDC; Morpho syrupUSDC / ARGt on base (0x8e15587c793b308b5769e0b3830336cef90e8bff486a46047d385db850111422): its oracle reverts; debt 1095 ARGt; Morpho syrupUSDC / ARGt on base (0xc2431f2ab85339427c371b337fc75e0388b93d5b98b4f8603d60d206f255c9a7): its oracle reverts; debt 0 ARGt.

Each market is read at its own block or slot. Morpho and Kamino days before the dataset began are backfilled from their own history APIs; borrowed, supplied and rates only, so collateral starts when positions were first read.