Borrow against stocks
Reading the lending markets…
Borrow against stocks
Morpho and Aave let you borrow USDC against these stock tokens. If the price falls far enough, a liquidator repays your loan, takes your stock at a discount and usually sells it on Aero (formerly Aerodrome). This page shows whether those pools are deep enough for that sale to happen.
$11.59M
Stock posted as collateral
$5.11M
USDC borrowed against it
17
Markets on Base: 9 Morpho, 8 Aave
Markets
The biggest is GOOGLc on Aave: $3.66M posted, and Aero can absorb about $648k of it at a profit right now.
Aave's stock loans all borrow from one USDC pool: $5.11M borrowed of $6.36M (80% used) at 3.57% a year, capped at $21.00M. Lenders earn about 2.58% before incentive programs.
“Aero exit” asks whether Aero could take a market's whole collateral if every loan in it were liquidated at once: Deep (twice over), Tight (just) or Short (not in one go). The amount is the most stock a liquidator could sell there right now and still make money, after the price impact and the pool fee. Real liquidations are usually much smaller than that worst case, especially on Aave, which sells only enough to make a loan healthy again.
GOOGLcAave · max LTV 76%
3.57%borrow rate
NVDAcAave · max LTV 70%
3.57%borrow rate
METAcAave · max LTV 65%
3.57%borrow rate
TSLAcAave · max LTV 65%
3.57%borrow rate
AAPLcAave · max LTV 78%
3.57%borrow rate
AMZNcAave · max LTV 73%
3.57%borrow rate
MSFTcAave · max LTV 79%
3.57%borrow rate
SPCXcMorpho · max LTV 62.5%
6.97%borrow rate
SPCXcAave · max LTV 55%
3.57%borrow rate
AAPLcMorpho · max LTV 62.5%
2.77%borrow rate
GOOGLcMorpho · max LTV 77%
7.02%borrow rate
NVDAcMorpho · max LTV 62.5%
6.84%borrow rate
METAcMorpho · max LTV 62.5%
5.06%borrow rate
MSFTcMorpho · max LTV 62.5%
8.33%borrow rate
AMZNcMorpho · max LTV 62.5%
8.27%borrow rate
Also listed, no loans yet: TSLAc on Morpho (62.5%), GOOGLc on Morpho (62.5%).
≈ means the sale would still pay until the pool runs out of USDC near the price, so the figure is about all the USDC that pool holds.
Check a loan
Liquidated if GOOGLc falls to
$148.03
Room to fall
47.4%
Loan to value now
40.0%
At that price a liquidator would take about $1,175 of your GOOGLc to clear the loan. Selling that on Aero would fill about 2 bp below the pool price, which still pays the liquidator, so the pool could absorb it today.
How this is worked out
- Morpho markets, rates and totals come from Morpho's public API. Only markets Morpho lists are shown. The oracle price, the one liquidations use, is read from each market's oracle on Base.
- Aave is read straight from its contracts on Base: the Equities Hub (the shared USDC pool) and the spoke that takes the stock tokens, at the addresses in Aave's own address book. Its rate is the pool's variable rate; incentive programs are not included.
- A liquidator repaying a loan gets the stock at a bonus set by the market: about 12.7% at a 62.5% max LTV and 7.4% at 77% on Morpho, and about 4.46% on Aave (its smallest bonus, when a loan first crosses the line, after Aave's cut). Aave also liquidates only enough of a loan to make it healthy again, so a real Aave liquidation is usually smaller than the whole loan. Selling on Aero pays only if the average fill stays within that bonus, after the gap between the pool and the oracle.
- Fills are simulated against the pool's real liquidity, tick by tick, within 25% of the current price. The loan check assumes the pool looks the same at your liquidation price as it does now. In a real sell-off it is usually thinner.
- Afterbook does not lend, borrow or hold anything here. Borrowing can lose you your collateral. This is not advice. Coinbase's stock tokens are not available to people in the United States.
Agents and bots can get the same numbers per stock, with a position check, from the paid API at /api/v1/x402/liquidation-capacity.