Vaults
Variable Rate Markets
Fixed Rate Markets
Vaults
Variable Rate Markets

Variable Rate Markets

Lend and borrow at variable rates in Morpho Markets.

    DocumentationAPIMCP

    Variable Rate Markets

    Lend and borrow at variable rates in Morpho Markets.

    All variable rate markets

    Outstanding Loans$5,479,794,966
    NetworkLoanCollateralLLTVTrusted byOutstanding LoansTotal LiquidityBorrow Rate (6h)Lend Rate (6h)
    avatar
    avatar
    USDC
    avatar
    cbBTC
    86.00%
    avatar
    avatar
    +14
    1.50B USDC$1.50B
    166.19M USDC$166.17M
    4.91%
    4.41%
    avatar
    avatar
    USDC
    avatar
    USDe
    5.00%
    91.50%
    avatar
    avatar
    351.54M USDC$351.51M
    38.90M USDC$38.90M
    4.30%
    3.86%
    avatar
    avatar
    USDC
    avatar
    cbBTC
    86.00%
    avatar
    avatar
    +17
    305.21M USDC$305.17M
    33.27M USDC$33.27M
    5.10%
    4.59%
    avatar
    avatar
    USDG
    avatar
    USDe
    5.00%
    91.50%
    avatar
    avatar
    304.75M USDG$304.79M
    36.51M USDG$36.51M
    4.06%
    3.60%
    avatar
    avatar
    RLUSD
    avatar
    kBTC
    86.00%
    avatar
    avatar
    192.33M RLUSD$192.34M
    27.64M RLUSD$27.64M
    8.05%
    7.81%
    avatar
    avatar
    PYUSD
    avatar
    PRIME
    86.00%
    avatar
    189.41M PYUSD$189.37M
    18.64M PYUSD$18.63M
    6.51%
    5.92%
    avatar
    avatar
    USDC
    avatar
    cirBTC
    86.00%
    avatar
    avatar
    +5
    184.97M USDC$184.95M
    5.02M USDC$5.02M
    0.23%
    0.67%
    avatar
    avatar
    PYUSD
    avatar
    kBTC
    86.00%
    avatar
    145.52M PYUSD$145.49M
    17.09M PYUSD$17.09M
    11.98%
    11.76%
    avatar
    avatar
    USDT
    avatar
    wstETH
    2.24%
    86.00%
    avatar
    avatar
    +10
    116.68M USDT$116.64M
    37.55M USDT$37.54M
    3.32%
    2.50%
    avatar
    avatar
    USDC
    avatar
    WBTC
    86.00%
    avatar
    avatar
    +15
    115.16M USDC$115.15M
    12.50M USDC$12.50M
    5.53%
    4.98%
    avatar
    avatar
    USDG
    avatar
    syrupUSDG
    91.50%
    avatar
    112.61M USDG$112.62M
    14.44M USDG$14.44M
    4.04%
    3.54%
    avatar
    avatar
    USDC
    avatar
    PT-reUSD-10DEC2026
    91.50%
    avatar
    avatar
    +4
    101.82M USDC$101.81M
    10.05M USDC$10.05M
    10.64%
    9.63%
    avatar
    avatar
    RLUSD
    avatar
    weETH
    2.09%
    86.00%
    avatar
    avatar
    94.31M RLUSD$94.32M
    12.67M RLUSD$12.67M
    10.54%
    10.24%
    avatar
    avatar
    USDC
    avatar
    WETH
    86.00%
    avatar
    avatar
    +7
    91.81M USDC$91.80M
    10.15M USDC$10.15M
    4.98%
    4.47%
    avatar
    avatar
    PYUSD
    avatar
    sUSDe
    5.09%
    91.50%
    avatar
    90.35M PYUSD$90.33M
    11.58M PYUSD$11.57M
    11.92%
    11.67%
    avatar
    avatar
    USDT
    avatar
    WBTC
    86.00%
    avatar
    avatar
    +9
    77.69M USDT$77.66M
    25.22M USDT$25.21M
    3.33%
    2.50%
    avatar
    avatar
    WETH
    avatar
    wstETH
    2.24%
    96.50%
    avatar
    avatar
    +5
    27.89k WETH$74.61M
    2976.30 WETH$7.96M
    2.20%
    1.99%
    avatar
    avatar
    USDC
    avatar
    cbXRP
    62.50%
    avatar
    avatar
    +3
    54.90M USDC$54.89M
    19.97M USDC$19.96M
    6.31%
    5.67%
    avatar
    avatar
    USDT
    avatar
    sUSDS
    3.53%
    96.50%
    avatar
    avatar
    54.16M USDT$54.14M
    11.44M USDT$11.44M
    2.95%
    2.43%
    avatar
    avatar
    PYUSD
    avatar
    weETH
    2.09%
    86.00%
    avatar
    51.22M PYUSD$51.21M
    5.21M PYUSD$5.21M
    15.66%
    15.40%
    avatar
    avatar
    PYUSD
    avatar
    syrupUSDC
    5.29%
    91.50%
    avatar
    50.00M PYUSD$49.99M
    7.16M PYUSD$7.15M
    12.78%
    12.35%
    avatar
    avatar
    WETH
    avatar
    wstETH
    94.50%
    avatar
    15.66k WETH$41.92M
    1741.50 WETH$4.65M
    1.72%
    3.05%
    avatar
    avatar
    PYUSD
    avatar
    PST
    86.00%
    avatar
    40.11M PYUSD$40.11M
    4.89M PYUSD$4.89M
    6.26%
    5.56%
    avatar
    avatar
    USDC
    avatar
    mGLO
    91.50%
    avatar
    avatar
    +1
    34.68M USDC$34.68M
    6.93M USDC$6.93M
    5.65%
    5.06%
    avatar
    avatar
    USDC
    avatar
    aHYPER
    77.00%
    avatar
    34.50M USDC$34.50M
    5.37M USDC$5.37M
    9.05%
    9.08%
    avatar
    avatar
    USDC
    avatar
    AA_FalconXUSDC
    77.00%
    avatar
    avatar
    +7
    32.82M USDC$32.82M
    3.45M USDC$3.45M
    7.72%
    6.97%
    avatar
    avatar
    USDC
    avatar
    wstETH
    2.24%
    86.00%
    avatar
    avatar
    +14
    29.16M USDC$29.15M
    4.97M USDC$4.97M
    5.06%
    4.56%
    avatar
    avatar
    USDG
    avatar
    mGLO
    91.50%
    avatar
    29.14M USDG$29.14M
    3.09M USDG$3.09M
    5.50%
    4.96%
    avatar
    avatar
    RLUSD
    avatar
    USDe
    5.00%
    91.50%
    avatar
    28.51M RLUSD$28.51M
    2.81M RLUSD$2.81M
    7.41%
    7.15%
    avatar
    avatar
    USDC
    avatar
    PST
    86.00%
    avatar
    avatar
    28.24M USDC$28.24M
    3.22M USDC$3.22M
    6.84%
    6.12%
    avatar
    avatar
    WETH
    avatar
    wstETH
    2.24%
    94.50%
    avatar
    avatar
    +5
    10.40k WETH$27.84M
    1088.32 WETH$2.91M
    2.19%
    1.98%
    avatar
    avatar
    USDC
    avatar
    mF-ONE
    91.50%
    avatar
    avatar
    +7
    22.19M USDC$22.19M
    3.56M USDC$3.56M
    7.07%
    6.23%
    avatar
    avatar
    USDC
    avatar
    wFalconX
    91.50%
    avatar
    avatar
    +5
    21.28M USDC$21.28M
    8.55M USDC$8.55M
    5.61%
    5.02%
    avatar
    avatar
    USDC
    avatar
    PT-USD3-17DEC2026
    86.00%
    avatar
    avatar
    +2
    21.00M USDC$21.00M
    1.96M USDC$1.96M
    15.24%
    14.96%
    avatar
    avatar
    USDC
    avatar
    PT-USDat-14JAN2027
    91.50%
    avatar
    avatar
    20.93M USDC$20.93M
    1.88M USDC$1.88M
    9.21%
    9.79%