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Beta·March 2026·Join Early Access→
TVL $61MAPY 6.89%medium riskUpdated Feb 1, 2025

Morpho USDC / RLP

Isolated lending market on Morpho Blue where USDC suppliers earn yield from borrowers using Resolv LP tokens as collateral.

ProtocolMorpho
Networkethereum
SymbolUSDC/RLP
CategoryMoney Markets
Underlying Assets
USDCRLP
Contract Address0xe1b65304edd8ceaea9b629df4c3c926a37d1216e27900505c04f14b2ed279f33

What is Morpho USDC / RLP?

Morpho USDC / RLP is an isolated lending market where USDC is the loan asset and RLP (Resolv Liquidity Provider tokens) serves as collateral. This market enables Resolv protocol participants to access USDC liquidity while maintaining their LP position in the Resolv ecosystem.

How This Market Works

The market connects USDC liquidity with Resolv LP holders:

  1. USDC suppliers earn yield from borrowers
  2. Borrowers pledge RLP tokens as collateral
  3. Interest rates adjust based on utilization
  4. Liquidations occur when collateral ratios fall
LP Token Collateral: RLP tokens represent liquidity positions in Resolv, allowing holders to borrow against their DeFi position.

What Assets Are Involved

Supply Asset: USDC (USD Coin) Collateral Asset: RLP (Resolv LP Token) Market Type: LP token collateralized lending

RLP characteristics:

  • Resolv protocol liquidity provider token
  • Represents share of Resolv pools
  • Earns trading fees and incentives
  • Value tied to underlying pool assets

Use Cases

Borrowers use this market for:

  • Accessing liquidity without exiting LP positions
  • Leveraging yield farming strategies
  • Capital efficiency on DeFi positions
  • Avoiding impermanent loss realization

LP Token Lending Dynamics

LP token collateral markets have unique properties:

  • Value tied to underlying pool composition
  • Potential for impermanent loss
  • Yield accrual while collateralized
  • More complex pricing requirements

Risk Disclosures

Smart Contract Risk: Exposure to Morpho Blue, USDC, and Resolv protocol contracts. LP Token Risk: RLP value depends on underlying pool health and composition. Impermanent Loss: LP tokens may lose value relative to underlying assets. Oracle Complexity: LP token pricing requires accurate underlying asset feeds. Protocol Risk: Resolv protocol issues could affect RLP value. Utilization Risk: High demand may temporarily limit USDC withdrawals. Liquidity Risk: RLP may have limited secondary market liquidity. Concentration Risk: Single LP token type as collateral.

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Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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