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.

    Outstanding Loans$5,443,767,484
    NetworkLoanCollateralLLTVTrusted byOutstanding LoansTotal LiquidityBorrow Rate (6h)Lend Rate (6h)
    avatar
    avatar
    USDC
    avatar
    cbBTC
    86.00%
    avatar
    avatar
    +12
    1.48B USDC$1.48B
    165.61M USDC$165.59M
    4.81%
    4.32%
    avatar
    avatar
    USDC
    avatar
    USDe
    5.00%
    91.50%
    avatar
    avatar
    350.65M USDC$350.61M
    38.83M USDC$38.83M
    4.08%
    3.66%
    avatar
    avatar
    USDC
    avatar
    cbBTC
    86.00%
    avatar
    avatar
    +17
    305.02M USDC$304.99M
    33.10M USDC$33.09M
    5.00%
    4.50%
    avatar
    avatar
    USDG
    avatar
    USDe
    5.00%
    91.50%
    avatar
    avatar
    299.16M USDG$299.14M
    38.94M USDG$38.94M
    4.03%
    3.56%
    avatar
    avatar
    RLUSD
    avatar
    kBTC
    86.00%
    avatar
    avatar
    198.97M RLUSD$198.99M
    21.02M RLUSD$21.03M
    3.68%
    3.32%
    avatar
    avatar
    PYUSD
    avatar
    PRIME
    86.00%
    avatar
    180.88M PYUSD$180.86M
    27.32M PYUSD$27.32M
    4.59%
    3.98%
    avatar
    avatar
    USDC
    avatar
    cirBTC
    86.00%
    avatar
    avatar
    +5
    172.76M USDC$172.74M
    7.03M USDC$7.03M
    -0.21%
    0.28%
    avatar
    avatar
    PYUSD
    avatar
    kBTC
    86.00%
    avatar
    151.89M PYUSD$151.87M
    11.38M PYUSD$11.38M
    7.40%
    6.86%
    avatar
    avatar
    USDT
    avatar
    wstETH
    2.19%
    86.00%
    avatar
    avatar
    +10
    115.80M USDT$115.79M
    11.86M USDT$11.86M
    4.82%
    4.38%
    avatar
    avatar
    USDC
    avatar
    WBTC
    86.00%
    avatar
    avatar
    +15
    115.11M USDC$115.10M
    12.44M USDC$12.44M
    5.11%
    4.60%
    avatar
    avatar
    USDG
    avatar
    syrupUSDG
    91.50%
    avatar
    112.41M USDG$112.41M
    14.79M USDG$14.79M
    4.03%
    3.55%
    avatar
    avatar
    USDC
    avatar
    PT-reUSD-10DEC2026
    91.50%
    avatar
    avatar
    +4
    100.37M USDC$100.36M
    18.05M USDC$18.05M
    7.61%
    6.41%
    avatar
    avatar
    RLUSD
    avatar
    weETH
    2.48%
    86.00%
    avatar
    avatar
    94.75M RLUSD$94.76M
    10.49M RLUSD$10.50M
    4.20%
    3.77%
    avatar
    avatar
    PYUSD
    avatar
    sUSDe
    4.92%
    91.50%
    avatar
    92.32M PYUSD$92.32M
    11.00M PYUSD$11.00M
    4.06%
    3.62%
    avatar
    avatar
    USDC
    avatar
    WETH
    86.00%
    avatar
    avatar
    +7
    88.90M USDC$88.89M
    10.04M USDC$10.03M
    4.83%
    4.32%
    avatar
    avatar
    WETH
    avatar
    wstETH
    2.19%
    96.50%
    avatar
    avatar
    +6
    32.83k WETH$88.36M
    3799.02 WETH$10.22M
    1.92%
    1.72%
    avatar
    avatar
    USDT
    avatar
    WBTC
    86.00%
    avatar
    avatar
    +9
    77.03M USDT$77.02M
    7.94M USDT$7.94M
    4.85%
    4.40%
    avatar
    avatar
    PYUSD
    avatar
    weETH
    2.48%
    86.00%
    avatar
    66.72M PYUSD$66.71M
    6.85M PYUSD$6.85M
    5.86%
    5.30%
    avatar
    avatar
    USDT
    avatar
    sUSDS
    3.53%
    96.50%
    avatar
    avatar
    58.02M USDT$58.01M
    5.43M USDT$5.43M
    4.47%
    4.07%
    avatar
    avatar
    USDC
    avatar
    cbXRP
    62.50%
    avatar
    avatar
    +3
    52.84M USDC$52.84M
    20.28M USDC$20.28M
    6.14%
    5.49%
    avatar
    avatar
    PYUSD
    avatar
    syrupUSDC
    4.89%
    91.50%
    avatar
    51.36M PYUSD$51.36M
    5.51M PYUSD$5.51M
    5.16%
    4.65%
    avatar
    avatar
    WETH
    avatar
    wstETH
    94.50%
    avatar
    15.99k WETH$43.06M
    1823.92 WETH$4.91M
    1.71%
    3.03%
    avatar
    avatar
    PYUSD
    avatar
    PST
    86.00%
    avatar
    40.83M PYUSD$40.83M
    4.20M PYUSD$4.20M
    7.39%
    6.68%
    avatar
    avatar
    USDC
    avatar
    aHYPER
    77.00%
    avatar
    34.38M USDC$34.38M
    3.50M USDC$3.50M
    10.32%
    10.43%
    avatar
    avatar
    USDC
    avatar
    AA_FalconXUSDC
    77.00%
    avatar
    avatar
    +7
    32.79M USDC$32.79M
    3.41M USDC$3.41M
    7.59%
    6.85%
    avatar
    avatar
    WETH
    avatar
    wstETH
    2.19%
    94.50%
    avatar
    avatar
    +6
    11.11k WETH$29.92M
    1214.26 WETH$3.26M
    1.91%
    1.72%
    avatar
    avatar
    USDG
    avatar
    mGLO
    91.50%
    avatar
    28.54M USDG$28.54M
    2.98M USDG$2.98M
    5.52%
    4.98%
    avatar
    avatar
    USDC
    avatar
    wstETH
    2.19%
    86.00%
    avatar
    avatar
    +14
    28.52M USDC$28.52M
    4.97M USDC$4.97M
    5.00%
    4.50%
    avatar
    avatar
    USDC
    avatar
    PST
    86.00%
    avatar
    avatar
    28.22M USDC$28.22M
    3.02M USDC$3.02M
    7.53%
    6.78%
    avatar
    avatar
    RLUSD
    avatar
    USDe
    5.00%
    91.50%
    avatar
    25.75M RLUSD$25.75M
    2.37M RLUSD$2.37M
    4.01%
    3.66%
    avatar
    avatar
    USDC
    avatar
    mF-ONE
    91.50%
    avatar
    avatar
    +7
    22.15M USDC$22.15M
    2.36M USDC$2.36M
    7.28%
    6.56%
    avatar
    avatar
    USDC
    avatar
    mGLO
    91.50%
    avatar
    avatar
    21.92M USDC$21.92M
    8.62M USDC$8.62M
    5.55%
    4.98%
    avatar
    avatar
    USDC
    avatar
    PT-USDat-14JAN2027
    91.50%
    avatar
    avatar
    21.89M USDC$21.89M
    2.13M USDC$2.12M
    8.14%
    8.45%
    avatar
    avatar
    USDC
    avatar
    wFalconX
    91.50%
    avatar
    avatar
    +5
    21.06M USDC$21.06M
    8.30M USDC$8.30M
    5.50%
    4.85%
    avatar
    avatar
    PYUSD
    avatar
    mWIN
    77.00%
    avatar
    20.55M PYUSD$20.55M
    5.50M PYUSD$5.50M
    1.43%
    1.12%