Vaults
Variable Rate
Fixed Rate
Vaults
Variable Rate

Variable Rate Markets

Lend and borrow at variable rates in Morpho Markets.

    Variable Rate Markets

    Lend and borrow at variable rates in Morpho Markets.

    Total Outstanding Loans$5,058,725,725
    NetworkLoanCollateralLLTVTrusted byTotal BorrowTotal LiquidityBorrow Rate (6h)Lend Rate (6h)
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    USDC
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    cbBTC
    86.00%
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    +10
    1.41B USDC$1.41B
    167.09M USDC$167.04M
    4.90%
    4.41%
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    USDC
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    USDe
    4.75%
    91.50%
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    328.93M USDC$328.84M
    34.86M USDC$34.85M
    4.39%
    3.95%
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    USDC
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    cbBTC
    86.00%
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    +17
    306.47M USDC$306.37M
    32.30M USDC$32.30M
    5.28%
    4.77%
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    USDG
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    USDe
    4.74%
    91.50%
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    289.45M USDG$289.45M
    31.94M USDG$31.94M
    4.03%
    3.63%
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    RLUSD
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    kBTC
    86.00%
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    184.38M RLUSD$184.40M
    20.66M RLUSD$20.66M
    3.07%
    2.75%
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    PYUSD
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    PRIME
    86.00%
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    165.00M PYUSD$164.92M
    29.08M PYUSD$29.06M
    4.72%
    4.06%
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    PYUSD
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    kBTC
    86.00%
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    135.06M PYUSD$134.99M
    12.89M PYUSD$12.88M
    4.80%
    4.38%
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    USDT
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    wstETH
    2.29%
    86.00%
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    +10
    112.16M USDT$112.08M
    21.83M USDT$21.82M
    2.99%
    2.50%
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    USDC
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    WBTC
    86.00%
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    +15
    112.01M USDC$111.98M
    11.82M USDC$11.81M
    5.30%
    4.79%
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    USDG
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    syrupUSDG
    91.50%
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    97.13M USDG$97.13M
    10.77M USDG$10.77M
    4.07%
    3.66%
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    RLUSD
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    weETH
    2.47%
    86.00%
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    95.70M RLUSD$95.71M
    10.56M RLUSD$10.56M
    4.00%
    3.59%
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    PYUSD
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    sUSDe
    4.89%
    91.50%
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    93.36M PYUSD$93.31M
    10.04M PYUSD$10.03M
    4.45%
    4.01%
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    USDC
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    PT-reUSD-10DEC2026
    91.50%
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    +4
    88.33M USDC$88.30M
    12.59M USDC$12.59M
    7.90%
    6.94%
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    USDC
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    WETH
    86.00%
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    +7
    83.05M USDC$83.02M
    167.08M USDC$167.03M
    4.93%
    4.43%
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    WETH
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    wstETH
    2.29%
    96.50%
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    +6
    33.87k WETH$81.31M
    5269.78 WETH$12.64M
    1.96%
    1.75%
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    USDT
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    WBTC
    86.00%
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    +9
    72.09M USDT$72.04M
    14.29M USDT$14.28M
    3.00%
    2.50%
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    PYUSD
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    weETH
    2.47%
    86.00%
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    60.31M PYUSD$60.28M
    6.79M PYUSD$6.79M
    4.55%
    4.08%
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    USDT
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    sUSDS
    3.53%
    96.50%
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    57.37M USDT$57.34M
    7.53M USDT$7.53M
    2.83%
    2.53%
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    PYUSD
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    syrupUSDC
    4.84%
    91.50%
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    52.54M PYUSD$52.51M
    5.87M PYUSD$5.87M
    4.61%
    4.13%
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    USDC
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    cbXRP
    62.50%
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    +3
    47.26M USDC$47.25M
    6.61M USDC$6.61M
    6.22%
    5.58%
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    WETH
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    wstETH
    94.50%
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    16.90k WETH$40.43M
    1889.15 WETH$4.51M
    1.71%
    2.90%
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    USDC
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    WHYPE
    77.00%
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    38.95M USDC$38.94M
    6.00M USDC$6.00M
    6.87%
    5.89%
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    PYUSD
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    PST
    86.00%
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    38.60M PYUSD$38.58M
    4.35M PYUSD$4.35M
    5.68%
    5.09%
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    USDC
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    aHYPER
    77.00%
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    34.64M USDC$34.63M
    3.91M USDC$3.91M
    10.94%
    10.96%
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    USDC
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    AA_FalconXUSDC
    77.00%
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    +7
    32.53M USDC$32.52M
    3.33M USDC$3.33M
    7.40%
    6.68%
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    USDG
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    mGLO
    91.50%
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    28.50M USDG$28.50M
    2.84M USDG$2.84M
    5.50%
    4.99%
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    USDT
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    cbBTC
    86.00%
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    +3
    27.68M USDT$27.66M
    34.94M USDT$34.92M
    3.02%
    2.53%
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    USDC
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    wstETH
    2.29%
    86.00%
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    +14
    27.67M USDC$27.66M
    4.33M USDC$4.33M
    4.76%
    4.28%
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    WETH
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    wstETH
    2.29%
    94.50%
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    +3
    11.37k WETH$27.29M
    5746.44 WETH$13.79M
    1.83%
    1.62%
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    USDG
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    spUSDG
    91.50%
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    25.55M USDG$25.55M
    8.33M USDG$8.33M
    2.62%
    2.19%
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    PYUSD
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    mWIN
    77.00%
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    24.37M PYUSD$24.36M
    2.67M PYUSD$2.67M
    1.70%
    1.53%
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    USDC
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    mF-ONE
    91.50%
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    +7
    22.38M USDC$22.38M
    2.34M USDC$2.34M
    7.40%
    6.68%
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    USDC
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    mGLO
    91.50%
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    21.84M USDC$21.83M
    3.87M USDC$3.87M
    5.55%
    4.98%
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    USDC
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    wFalconX
    91.50%
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    +5
    19.17M USDC$19.17M
    7.56M USDC$7.56M
    5.57%
    4.92%
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    USDC
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    PT-USD3-17DEC2026
    86.00%
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    +2
    17.26M USDC$17.25M
    2.09M USDC$2.09M
    7.15%
    7.60%
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