Morpho Borrow Rates Hit Roughly 40% as PT Market Liquidity Dries Up
Borrowing rates on Morpho spiked to roughly 40% after available liquidity in one reUSD-backed market vanished within two hours. Rates across four tracked markets later eased to about 9% to 13% by October 31. Traders in DeFi lending should watch liquidity depth in similar principal token markets.