> For the complete documentation index, see [llms.txt](https://learn.jarvis.network/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://learn.jarvis.network/protocol-overview/borrowing-on-morpho.md).

# Borrowing on Morpho

{% hint style="danger" %}
**Please read the risks at the end of this page.**
{% endhint %}

Users can borrow jEUR and USDC against various approved collateral.

### jEUR borrowing markets

The liquidity of these markets mainly comes from the jEUR Vault. [More info about the vault](/protocol-overview/lending-on-morpho.md).

<table><thead><tr><th width="191">Collateral</th><th width="154">Morpho UI</th><th width="129">Borrowing power</th><th width="98">Liq. penalty</th><th width="226">Oracle</th></tr></thead><tbody><tr><td>stEUR</td><td><a href="https://app.morpho.org/base/market/0x4f55f2f1a4bcb77aa6c84da2fde5641ef0baf8dee41015efbc8e606139d34fd3/steur-jeur">See on Morpho</a></td><td>94.5%</td><td>4.38%</td><td>EUR/USD (Chainlink) and stEUR exchange rate</td></tr><tr><td>stUSD</td><td><a href="https://app.morpho.org/base/market/0x995caf6283977748ac3aebad52440a5561c8ade20cc63487c9fb38f0e053c9fe/stusd-jeur">See on Morpho</a></td><td>86%</td><td>4.38%</td><td>EUR/USD (Chainlink) and stUSD exchange rate</td></tr><tr><td>USDC</td><td><a href="https://app.morpho.org/market?id=0xb4a7c6d7c93e265a4f5b19282eca695815673b5e0b394b825f4208d3cd91a581&#x26;network=base&#x26;morphoPrice=0.5">See on Morpho</a></td><td>86%</td><td>4.38%</td><td>EUR/USD (Chainlink) and USDC/USD (Chainlink)</td></tr><tr><td>cbBTC</td><td><a href="https://app.morpho.org/base/market/0x842e13441248394cf66c5f67973d7feca59eca7458528f14690607c3a40f9b8c/cbbtc-jeur">See on Morpho</a></td><td>86%</td><td>4.38%</td><td>EUR/USD (Chainlink) and BTC/USD (Chainlink)</td></tr><tr><td>cbETH</td><td><a href="https://app.morpho.org/base/market/0xad2f9c623eda791625053a20ed3eb3365bfffca9e37674c82825faa518735ba6/cbeth-jeur">See on Morpho</a></td><td>86%</td><td>4.38%</td><td>EUR/USD (Chainlink) and cbETH/USD (Chainlink)</td></tr><tr><td>WSTETH</td><td><a href="https://app.morpho.org/market?id=0x24671820d07d04ec33698c12624be903bfc09e7c80f9e049d533d71cacf8798b&#x26;network=base&#x26;morphoPrice=0.5">See on Morpho</a></td><td>86%</td><td>4.38%</td><td>EUR/USD (Chainlink),  wstETH/ETH (Chainlink) and ETH/USD (Chainlink)</td></tr></tbody></table>

### USDC borrowing markets

The liquidity of these markets mainly comes from the USDC Vault. [More info about the vault](/protocol-overview/lending-on-morpho.md).

<table><thead><tr><th width="191">Collateral</th><th width="238">Morpho UI</th><th width="186">Borrowing power</th><th>Liq. penalty</th><th>Oracle</th></tr></thead><tbody><tr><td>sjEUR</td><td><a href="https://app.morpho.org/base/market/0x5301093aee39723022f4d3c5b69ccca16f18642d35f5c07dab3e061d79b9328e/sjeur-usdc">See on Morpho</a></td><td>86%</td><td>4.38%</td><td>EUR/USD (Chainlink) and sjEUR exchange rate</td></tr></tbody></table>

### ⚠️ Risks of borrowing

In addition to protocol risks, borrowing carries many risks:

1. **Liquidation risk**: If your collateral value drops below the required threshold, it may be liquidated, potentially at a loss.
2. **Interest rate risk**: Borrowing rates may vary depending on market conditions.
3. **Oracle risk**: Inaccurate or delayed price feeds may trigger wrongful liquidations.


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