mGLO / USDC 91.5% 0x29ae7a

no DEX route

Market id 0x29ae7a (the start of its 32-byte id): one of 2 markets with this pair and LLTV; they differ in the oracle or the rate model. The other: 0xe0cda5, $81.6M borrowed.

No aggregator route sells mGLO into USDC at $25k, $200k and $1M, so a flash-loan liquidation has nothing to sell into. The collateral may still be redeemable with its issuer; this site does not measure that.

borrowed

$5.2M

in this market; LLTV (liquidation loan-to-value) 91.5%

liquidation bonus

2.6%

fixed by the LLTV

clearing size

no route

no route at any size

clearance at $1M

no route

no route at this size

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Exit cost against the bonus

Clearance by size

No route at any measured size: nothing to chart.

Exit cost and clearance by sale size
Sale	All sources	Clearance	On-chain only	Clearance	Status
$25k	no route	no route	no route	no route	no route
$200k	no route	no route	no route	no route	no route
$1M	no route	no route	no route	no route	no route

Clearance: bonus minus exit cost, in percentage points (pp). Positive - room for a liquidator; negative - a single liquidation of that size loses money and has to be split across blocks. Terms.

Venues

Where the sale goes

No route at any measured size: no venue takes the sale.

Collateral near liquidation

Positions close to liquidation

health factor below 1.1

$6.4M

within 10% of liquidation

between 1.1 and 1.25

within 10-20% of liquidation

health factor below 1.25

$6.4M

within 20%, includes the 10% band

Collateral of the market's positions by health factor (Morpho API). It is spread over positions of different sizes; a large position is liquidated in parts across blocks, which this site does not measure.

Same pair

Other markets of mGLO/USDC

The exit is quoted once per pair; the bonus is what differs, and with it the clearance.

Markets of the same pair
LLTV	Bonus	Borrowed	Clears to	Status
91.5% (0xe0cda5)	2.6%	$81.6M	no route	no DEX route
91.5% (0x29ae7a) (this market)	2.6%	$5.2M	no route	no DEX route

Liquidations

This pair, last 30 days

mGLO/USDC is not among the 10 pairs with the most liquidation bonus over the last 30 days. Liquidations.

For curators

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A review measures mGLO/USDC 91.5% (0x29ae7a) at the sizes of your own positions, adds a 10% and a 20% fall in the price and shows the venue split. The first one is free and private to you.

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Cite

Cite or quote this market

Cite as: Underkeel, Clearance v2, mGLO/USDC 91.5% (0x29ae7a) on Morpho Blue, Base, snapshot 2026-11-14T21:23Z, data sha256 81b87af3. https://underkeel.xyz/markets/mglo-usdc-91-5-29ae7a.html

Quote this: Underkeel (Clearance v2, snapshot 2026-11-14 21:23 UTC): no DEX aggregator route from mGLO into USDC at $25k, $200k and $1M for mGLO/USDC 91.5% (0x29ae7a) on Morpho, Base; redemption with the issuer is not measured. https://underkeel.xyz/markets/mglo-usdc-91-5-29ae7a.html

Raw data: data/exit-depth.json; how it is measured: Method; how to cite: Method.