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$5,018,703,320
    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
    1.40B USDC$1.40B
    171.82M USDC$171.78M
    4.76%
    4.28%
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    USDC
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    USDe
    4.75%
    91.50%
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    314.82M USDC$314.76M
    34.89M USDC$34.88M
    4.05%
    3.64%
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    USDC
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    cbBTC
    86.00%
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    +17
    301.80M USDC$301.74M
    33.43M USDC$33.42M
    4.75%
    4.28%
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    USDG
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    USDe
    4.75%
    91.50%
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    286.88M USDG$286.84M
    31.64M USDG$31.64M
    4.13%
    3.72%
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    RLUSD
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    kBTC
    86.00%
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    184.33M RLUSD$184.33M
    20.67M RLUSD$20.67M
    3.07%
    2.76%
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    PYUSD
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    PRIME
    86.00%
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    167.24M PYUSD$167.19M
    26.29M PYUSD$26.28M
    4.78%
    4.13%
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    PYUSD
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    kBTC
    86.00%
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    118.92M PYUSD$118.89M
    16.01M PYUSD$16.01M
    3.37%
    2.97%
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    USDC
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    WBTC
    86.00%
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    +15
    111.78M USDC$111.76M
    12.25M USDC$12.25M
    4.68%
    4.22%
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    USDT
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    wstETH
    2.23%
    86.00%
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    +9
    111.40M USDT$111.36M
    22.75M USDT$22.75M
    3.02%
    2.50%
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    RLUSD
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    weETH
    2.51%
    86.00%
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    96.45M RLUSD$96.45M
    10.59M RLUSD$10.59M
    4.04%
    3.64%
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    USDG
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    syrupUSDG
    91.50%
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    88.08M USDG$88.07M
    9.76M USDG$9.76M
    4.11%
    3.70%
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    WETH
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    wstETH
    2.23%
    96.50%
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    +6
    35.31k WETH$87.58M
    5164.76 WETH$12.81M
    1.88%
    1.65%
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    PYUSD
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    sUSDe
    4.93%
    91.50%
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    85.85M PYUSD$85.82M
    9.11M PYUSD$9.11M
    4.55%
    4.11%
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    USDC
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    PT-reUSD-10DEC2026
    91.50%
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    +4
    84.63M USDC$84.62M
    12.77M USDC$12.77M
    8.16%
    7.23%
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    USDC
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    WETH
    86.00%
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    +7
    82.38M USDC$82.37M
    171.83M USDC$171.80M
    4.77%
    4.29%
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    USDT
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    WBTC
    86.00%
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    +9
    72.64M USDT$72.61M
    15.37M USDT$15.37M
    3.03%
    2.50%
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    PYUSD
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    weETH
    2.51%
    86.00%
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    60.37M PYUSD$60.35M
    8.88M PYUSD$8.87M
    4.47%
    3.90%
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    USDT
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    sUSDS
    3.53%
    96.50%
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    58.02M USDT$58.00M
    6.83M USDT$6.83M
    2.81%
    2.51%
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    PYUSD
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    syrupUSDC
    4.87%
    91.50%
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    50.77M PYUSD$50.75M
    8.12M PYUSD$8.11M
    4.51%
    3.89%
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    USDC
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    cbXRP
    62.50%
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    +2
    47.47M USDC$47.46M
    6.16M USDC$6.16M
    6.09%
    5.44%
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    WETH
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    wstETH
    94.50%
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    16.94k WETH$42.04M
    1912.27 WETH$4.74M
    1.71%
    1.54%
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    USDC
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    WHYPE
    77.00%
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    38.93M USDC$38.92M
    5.56M USDC$5.56M
    6.97%
    6.10%
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    PYUSD
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    PST
    86.00%
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    35.44M PYUSD$35.43M
    4.01M PYUSD$4.00M
    5.59%
    5.03%
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    USDC
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    aHYPER
    77.00%
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    34.62M USDC$34.62M
    7.33M USDC$7.33M
    8.48%
    7.00%
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    USDC
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    AA_FalconXUSDC
    77.00%
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    +7
    33.21M USDC$33.20M
    3.28M USDC$3.28M
    6.38%
    5.80%
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    USDG
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    spUSDG
    91.50%
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    33.05M USDG$33.05M
    3.67M USDG$3.67M
    3.16%
    2.85%
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    USDG
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    mGLO
    91.50%
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    28.49M USDG$28.48M
    2.80M USDG$2.80M
    5.50%
    5.01%
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    WETH
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    wstETH
    2.23%
    94.50%
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    +4
    11.35k WETH$28.17M
    6142.70 WETH$15.24M
    1.85%
    1.65%
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    USDC
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    wstETH
    2.23%
    86.00%
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    +14
    27.71M USDC$27.70M
    3.86M USDC$3.86M
    4.72%
    4.26%
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    PYUSD
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    mWIN
    77.00%
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    23.97M PYUSD$23.96M
    2.94M PYUSD$2.94M
    1.52%
    1.36%
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    USDC
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    mF-ONE
    91.50%
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    +7
    22.87M USDC$22.87M
    2.49M USDC$2.48M
    6.34%
    5.77%
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    USDC
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    mGLO
    91.50%
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    21.84M USDC$21.84M
    4.86M USDC$4.86M
    5.55%
    5.00%
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    USDT
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    cbBTC
    86.00%
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    +2
    20.11M USDT$20.10M
    38.65M USDT$38.63M
    3.01%
    2.49%
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    USDC
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    wFalconX
    91.50%
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    +5
    19.17M USDC$19.16M
    9.33M USDC$9.33M
    5.56%
    4.76%
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    USDT
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    sUSDS
    3.53%
    96.50%
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    +4
    17.96M USDT$17.95M
    17.36M USDT$17.35M
    2.99%
    2.50%