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$5,445,695,623
    NetworkLoanCollateralLLTVTrusted byOutstanding LoansTotal LiquidityBorrow Rate (6h)Lend Rate (6h)
    avatar
    avatar
    USDC
    avatar
    PT-reUSD-10DEC2026
    91.50%
    avatar
    avatar
    +4
    100.38M USDC$100.36M
    17.38M USDC$17.38M
    7.63%
    6.44%
    avatar
    avatar
    USDC
    avatar
    PT-USDat-14JAN2027
    91.50%
    avatar
    avatar
    21.89M USDC$21.89M
    2.15M USDC$2.15M
    7.92%
    8.24%
    avatar
    avatar
    USDC
    avatar
    PT-USD3-17DEC2026
    86.00%
    avatar
    avatar
    +2
    17.56M USDC$17.56M
    2.19M USDC$2.19M
    6.79%
    7.02%
    avatar
    avatar
    USDC
    avatar
    PT-sUSDS-26NOV2026
    91.50%
    avatar
    avatar
    +1
    13.94M USDC$13.94M
    1.71M USDC$1.71M
    4.59%
    4.08%
    avatar
    avatar
    USDC
    avatar
    PT-AUSD-8OCT2026
    91.50%
    avatar
    8.19M USDC$8.19M
    617.11k USDC$617.02k
    7.50%
    7.06%
    avatar
    avatar
    USDC
    avatar
    PT-sUSDE-26NOV2026
    91.50%
    avatar
    6.88M USDC$6.88M
    738.85k USDC$738.74k
    3.75%
    3.38%
    avatar
    avatar
    apxUSD
    avatar
    PT-apyUSD-5NOV2026
    91.50%
    avatar
    6.18M apxUSD$6.05M
    746.11k apxUSD$729.97k
    11.52%
    10.16%
    avatar
    avatar
    USDT
    avatar
    PT-reUSD-10DEC2026
    91.50%
    avatar
    avatar
    +1
    5.74M USDT$5.74M
    1.47M USDT$1.47M
    7.17%
    5.66%
    avatar
    avatar
    USDC
    avatar
    PT-apyUSD-5NOV2026
    86.00%
    avatar
    5.49M USDC$5.49M
    1.65M USDC$1.64M
    6.18%
    4.72%
    avatar
    avatar
    USDT
    avatar
    PT-USDat-14JAN2027
    91.50%
    avatar
    5.44M USDT$5.44M
    462.59k USDT$462.48k
    9.35%
    8.59%
    avatar
    avatar
    USDT
    avatar
    PT-sUSDS-26NOV2026
    91.50%
    avatar
    avatar
    5.29M USDT$5.29M
    551.75k USDT$551.61k
    5.92%
    5.35%
    avatar
    avatar
    USDC
    PT-earnAUSD-8OCT2026
    91.50%
    avatar
    2.88M USDC$2.88M
    293.43k USDC$293.38k
    11.09%
    10.16%
    avatar
    avatar
    USDC
    PT-USDai-15OCT2026
    91.50%
    avatar
    2.37M USDC$2.37M
    367.66k USDC$367.61k
    5.53%
    4.77%
    avatar
    avatar
    USDC
    avatar
    PT-trUSD-26NOV2026
    94.50%
    avatar
    2.30M USDC$2.30M
    251.52k USDC$251.49k
    7.41%
    6.66%
    avatar
    avatar
    mUSD
    avatar
    PT-AUSD-8OCT2026
    91.50%
    avatar
    2.26M mUSD$2.26M
    174.40k mUSD$174.36k
    8.21%
    7.57%
    avatar
    avatar
    USDS
    avatar
    PT-sUSDS-26NOV2026
    91.50%
    avatar
    2.21M USDS$2.21M
    227.65k USDS$227.58k
    4.85%
    4.39%
    avatar
    avatar
    USDC
    avatar
    PT-USDat-14JAN2027
    91.50%
    avatar
    avatar
    +1
    2.04M USDC$2.04M
    189.70k USDC$189.67k
    7.51%
    6.85%
    avatar
    avatar
    USDC
    avatar
    PT-apxUSD-5NOV2026
    86.00%
    avatar
    1.58M USDC$1.58M
    415.74k USDC$415.67k
    4.30%
    3.40%
    avatar
    avatar
    USDC
    avatar
    PT-fxSAVE-29OCT2026
    91.50%
    avatar
    1.02M USDC$1.02M
    98.06k USDC$98.05k
    4.09%
    8.63%
    avatar
    avatar
    USDC
    PT-sUSDD-26NOV2026
    91.50%
    avatar
    774.43k USDC$774.31k
    86.08k USDC$86.07k
    3.50%
    3.14%
    avatar
    avatar
    USDC
    avatar
    PT-strUSD-26NOV2026
    86.00%
    avatar
    614.44k USDC$614.34k
    64.96k USDC$64.95k
    7.53%
    6.79%
    avatar
    avatar
    apxUSD
    avatar
    PT-apxUSD-5NOV2026
    94.50%
    avatar
    452.12k apxUSD$442.34k
    50.24k apxUSD$49.15k
    4.58%
    4.12%
    avatar
    avatar
    USDC
    avatar
    PT-srUSDat-14JAN2027
    91.50%
    avatar
    297.33k USDC$297.29k
    30.00k USDC$29.99k
    8.72%
    8.03%
    avatar
    avatar
    USDC
    avatar
    PT-srUSDat-14JAN2027
    91.50%
    avatar
    59.80k USDC$59.79k
    1935.96 USDC$1935.66
    9.86%
    9.81%
    avatar
    avatar
    DAI
    avatar
    PT-USDe-31JUL2025
    91.50%
    avatar
    44.52k DAI$44.51k
    4703.94 DAI$4703.42
    4.68%
    4.22%
    avatar
    avatar
    USDT
    avatar
    PT-cUSD-23JUL2026
    91.50%
    avatar
    18.06k USDT$18.06k
    2590.43 USDT$2589.81
    13.04%
    11.32%
    avatar
    avatar
    USDC
    avatar
    PT-kHYPE-24SEP2026
    77.00%
    avatar
    12.41k USDC$12.41k
    25.74k USDC$25.74k
    2.98%
    0.96%
    avatar
    avatar
    USDC
    avatar
    PT-kHYPE-19MAR2026
    62.50%
    avatar
    5470.08 USDC$5469.24
    3144.33 USDC$3143.84
    0.07%
    0.04%
    avatar
    avatar
    USDC
    avatar
    PT-USDat-27AUG2026
    91.50%
    avatar
    5319.93 USDC$5319.10
    495.885 USDC$495.80
    20.37%
    18.48%
    avatar
    avatar
    apxUSD
    avatar
    PT-apyUSD-18JUN2026
    86.00%
    avatar
    5364.12 apxUSD$5248.08
    4999.99 apxUSD$4891.83
    1.92%
    0.99%
    avatar
    avatar
    USDC
    avatar
    PT-srUSDat-27AUG2026
    91.50%
    avatar
    3898.73 USDC$3898.12
    1635.81 USDC$1635.55
    29.84%
    21.62%
    avatar
    avatar
    WHYPE
    avatar
    PT-kHYPE-24SEP2026
    86.00%
    avatar
    avatar
    39.37 WHYPE$3671.99
    2.88 WHYPE$268.87
    5.37%
    4.99%
    avatar
    avatar
    USDC
    avatar
    PT-USDG-24SEP2026
    91.50%
    avatar
    avatar
    2291.15 USDC$2290.80
    71.290 USDC$71.27
    8.30%
    8.04%
    avatar
    avatar
    USDC
    avatar
    PT-reUSD-25JUN2026
    91.50%
    avatar
    avatar
    2258.34 USDC$2257.99
    0.00 USDC$0.00
    0.97%
    0.97%
    avatar
    avatar
    USDC
    avatar
    PT-USDG-28MAY2026
    94.50%
    avatar
    avatar
    1263.05 USDC$1262.85
    108.887 USDC$108.87
    29.26%
    26.65%