savUSD / USDC 91.5%

no DEX route pegged pair

No aggregator route sells savUSD 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

$3.3M

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

Supply or curate this market? Get a free review.

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

Pegged pair. savUSD and USDC track each other, so the health factor follows the peg, not the market price. At a 91.5% LLTV positions sit close to liquidation as a matter of course; they move only if the peg or the exchange rate slips.

health factor below 1.1

within 10% of liquidation - normal for a pegged pair

between 1.1 and 1.25

$1.7M

within 10-20% of liquidation

health factor below 1.25

$1.7M

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.

Liquidations

This pair, last 30 days

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

For curators

Curate or supply this market?

A review measures savUSD/USDC 91.5% 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.

Request a review of this market By email What a review covers

Opens Telegram with a message ready to send. Nothing is sent until you press send.

Cite

Cite or quote this market

Cite as: Underkeel, Clearance v2, savUSD/USDC 91.5% on Morpho Blue, Base, snapshot 2026-11-14T21:23Z, data sha256 81b87af3. https://underkeel.xyz/markets/savusd-usdc-91-5.html

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

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