Pendle Ecosystem USDC Ethereum

Vaults

About this vault

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

APY: 7.21% · 5-day average: 6.23%

Black: APY · Green: 5-day moving average
10.00%5.00%2026-10-152026-10-22

Score: 52.76

55.0050.0045.002026-10-152026-10-22

Deposits: $23,900,821

$60,000,000$50,000,000$40,000,000$30,000,000$20,000,000$10,000,000$02026-10-152026-10-22

% Liquidity: 11.50%

4.40%21.27%38.14%2026-10-152026-10-22

Score Details Total Score: 52.76 · Confidence: 79.08

FactorScore
30% stress-tested collateral60.84
15% liquidation liquidity53.31
15% borrower and collateral concentration71.01
15% borrower health under stress5.57
10% oracle and collateral complexity51.44
10% withdrawal liquidity78.76
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
0x1e9dUSDC / PT-reUSD-10DEC2026$2,005,56691.50%ChainlinkOracleV290.50%7.99%8.97%$12,898,105$01.02$30,628,291$00$0$02026-08-25 04:48 UTC
0x22feUSDC / PT-sUSDS-26NOV2026$13,858,14091.50%Unknown92.50%6.35%6.90%$1,309,978$2,682,0511.02$13,504,481$00$0$0—
0x2412USDC / PT-USDG-24SEP2026$091.50%ChainlinkOracleV291.02%4.81%5.30%$0$00.00$1$10$0$0—
0x5613USDC / PT-sUSDE-26NOV2026$8,037,11691.50%Unknown90.74%3.95%4.37%$744,143$01.01$7,126,765$00$0$0—

Largest Borrowers

AddressBorrowedCollateralHealth
0xAa34d20be3F9623ccF5bFF53EF4Dfa765C3f5Dd5$11,535,044$12,882,6941.02
0x93e22ecd5b8a4dA8C0e97D7158C060612E7115A3$9,313,700$10,456,7291.03
0xD5EfCd1BCB9336F4E02598E10554c696dAe4Ae2b$7,904,477$11,027,2341.28
0xe4193315ec09BECc08471D418731087dd6F19cd3$5,317,921$6,315,3211.09
0x614D98a57A5D879D717152dE0690ed2b04562adE$5,159,553$5,863,0741.04
0x3976747B82316020A15662761C82860B9785e7f3$4,619,994$5,321,5541.05
0x9544C9e11E0d0D51B4657Ac04A81736ECAB8B7dd$4,480,635$5,033,4501.03
0xdf81987465681D0515058fe0A47A3bD174012730$3,417,966$3,942,0801.06
0x5C430FF6F374da12218b380d2040299Ae5B6d40E$2,945,049$3,256,3491.01
0x6EFc48B8B6222924fa6EA95d174af5518b761177$2,245,495$2,502,0551.02
0xdB82b3b0eeF713a4428fAC2277882a9a9bE1313F$1,593,400$2,079,9231.19
0xb8e0edD0d0cb1721FD367Dd21a82542204Fa1a20$1,460,430$1,696,2531.06
0x03BAbEB24619902253FDB0D5675A816879115d98$357,527$411,0061.05
0x5435b8b0843206fA8fC99453A3112713E6F0fd46$263,904$310,5451.08
0xE3a5BCB68EA2be70c029687BF02D3357417D8D67$142,319$159,8131.03