Pendle Ecosystem USDC Ethereum

Vaults

About this vault

The Pendle Ecosystem USDC vault is an official Pendle ecosystem vault. Assets are selected and approved by the Pendle team. The vault allocates liquidity exclusively to selected PT collateral markets within the Pendle ecosystem, enabling deeper USDC borrow liquidity for PT-looping strategies.

APY: 6.83% · 5-day average: 6.75%

Black: APY · Green: 5-day moving average
15.00%10.00%5.00%2026-10-092026-10-16

Score: 52.90

55.0050.0045.002026-10-092026-10-16

Deposits: $51,327,610

$70,000,000$60,000,000$50,000,000$40,000,000$30,000,000$20,000,000$10,000,000$02026-10-092026-10-16

% Liquidity: 23.13%

15.24%25.34%35.44%2026-10-092026-10-16

Score Details Total Score: 52.90 · Confidence: 76.58

FactorScore
30% stress-tested collateral56.30
15% liquidation liquidity43.04
15% borrower and collateral concentration77.16
15% borrower health under stress3.56
10% oracle and collateral complexity54.47
10% withdrawal liquidity100.00
5% liquidation history40.00

Risk flags: none

Markets

Market Pair Vault Allocation LLTV Oracle Utilization Supply Borrow Idle Deallocatable Min Health At-Risk Debt Liquidatable Debt Liquidations 30d Repaid 30d Bad Debt 30d Last Liquidation
0x22feUSDC / PT-sUSDS-26NOV2026$18,194,14691.50%Unknown88.79%4.38%4.90%$2,040,452$3,383,1171.02$13,496,435$00$0$0—
0x1e9dUSDC / PT-reUSD-10DEC2026$24,336,31291.50%ChainlinkOracleV290.65%7.99%8.95%$11,870,547$01.02$25,975,536$00$0$02026-08-25 04:48 UTC
0x2412USDC / PT-USDG-24SEP2026$091.50%ChainlinkOracleV291.02%4.37%4.81%$0$00.00$0$00$0$0—
0x5613USDC / PT-sUSDE-26NOV2026$8,797,15291.50%Unknown80.00%2.58%3.23%$1,759,191$01.01$6,960,251$00$0$0—

Largest Borrowers

AddressBorrowedCollateralHealth
0xAa34d20be3F9623ccF5bFF53EF4Dfa765C3f5Dd5$11,521,179$12,855,1091.02
0x93e22ecd5b8a4dA8C0e97D7158C060612E7115A3$9,301,006$10,434,3381.03
0xD5EfCd1BCB9336F4E02598E10554c696dAe4Ae2b$8,608,528$11,003,6221.17
0xe4193315ec09BECc08471D418731087dd6F19cd3$5,314,752$6,310,5461.09
0x614D98a57A5D879D717152dE0690ed2b04562adE$5,153,351$5,850,5201.04
0x577557e04cE02cF279b265c7a7b77540ACBA4A81$4,557,778$6,036,7861.21
0x9544C9e11E0d0D51B4657Ac04A81736ECAB8B7dd$4,477,966$5,029,6441.03
0xdf81987465681D0515058fe0A47A3bD174012730$3,416,433$3,938,2641.05
0x5C430FF6F374da12218b380d2040299Ae5B6d40E$2,943,727$3,253,1971.01
0x6EFc48B8B6222924fa6EA95d174af5518b761177$2,244,158$2,500,1631.02
0xdB82b3b0eeF713a4428fAC2277882a9a9bE1313F$1,592,451$2,078,3511.19
0xb8e0edD0d0cb1721FD367Dd21a82542204Fa1a20$1,459,560$1,694,9711.06
0x03BAbEB24619902253FDB0D5675A816879115d98$357,366$410,6091.05
0xE3a5BCB68EA2be70c029687BF02D3357417D8D67$142,255$159,6581.03
0xDE79a400Ec22Ff42D875E8C12819183a8E12E141$100,469$120,6191.10