Lending-market parameter report: PLI collateral / USDC loan (example parameters)

Factual research for B2B parameter review; not investment advice or a recommendation.

Paid by: nobody (internal sample, not commissioned). If this report is shared, it states who commissioned it.

Market parameters (LLTV, LTV grid) are illustrative config inputs, not the parameters of a live market.

Observed: 2026-10-21T14:58:22Z · XDC mainnet block 108575593 (2026-10-21T14:58:20Z) · mode: live

1. Parameter summary

ParameterValueSource
Protocol / venuemorpho-bluemarket config
Collateral tokenPLI 0xff7412ea7c8445c46a8254dfb557ac1e48094391 (decimals 18)symbol()/decimals() eth_call
Loan tokenUSDC 0xfa2958cb79b0491cc627c1557f441ef849ca8eb1 (decimals 6)symbol()/decimals() eth_call
Oracle feed (proxy)PLI/USDT 0x2baa1AEfa06D58454c9c06C56436CdD5B7904248description() eth_call
Oracle aggregator0x499b32df5da30f5c531180aadc7a32e208d86e7daggregator() eth_call
LLTV38.5%market config (illustrative)
Liquidation incentive factor1.15Morpho Blue formula min(1.15, 1/(0.3·LLTV+0.7))
Feed quote vs loan tokenfeed "PLI/USDT" · loan USDCPlugin PLI/USDT feed; quote = USDT, loan token = USDC; USD value via Plugin USDT/USD if fresh, else 1 USDT = 1 USD assumed (stated)
Oracle answer in USD0.00372228 USD (= 0.00372585 × USDT/USD 0.999043)Plugin feed 0x5a792d09badef90e599c13aff1552bf487fe84b2 updatedAt 2026-10-21T14:42:30Z, age 15.9 min (≤ 2 h)

2. Oracle quality

MetricValueSource / timestamp
Latest answer0.00372585latestRoundData() at block 108575593
Latest round id18446744073709600559latestRoundData()
Last update2026-10-21T14:37:06ZlatestRoundData().updatedAt
Age at observation (staleness)21.3 minobservedAt − updatedAt
Rounds read25 (since 2026-10-21T09:22:07Z)getRoundData() walk-back
Update interval median / min / max9.5 min / 78 s / 30 minconsecutive updatedAt in rounds read
Rounds in last 24 h (within rounds read)25rounds read
Round-to-round answer change median / max0.133% / 2.208%rounds read
Registry deviation threshold0.2%FeedExplorer /api/feeds.json (Plugin job registry fields, FeedExplorer health), generated 2026-10-21T14:53:56Z; unit per FeedExplorer (percent)
Registry poll timer15 minsame; unit per FeedExplorer (minutes)
Registry min. oracles2same
Data providers listed (count)4same
Registry API statusActivesame
FeedExplorer uptime 7d / 30d96.6% / 96.6%same (FeedExplorer observation schedule)

3. LLTV and liquidation buffer

Price drop to liquidation = 1 − LTV / LLTV (collateral price in loan-token terms, debt value constant). LLTV = 38.5%.

Position LTVPrice drop to liquidationOracle answer at liquidation
20%48.05%0.0019355
30%22.08%0.00290326

Liquidation incentive factor 1.15 (Morpho Blue formula min(1.15, 1/(0.3·LLTV+0.7))); LIF × LLTV = 0.4428 (above 1 means the incentive at LTV = LLTV exceeds the collateral value).

For reference: largest round-to-round oracle change in the rounds read = 2.208%; median update interval = 9.5 min.

4. Liquidity depth and price impact

Pool: XSwap V2 pair 0xe3009e01a88323b6cbaa13367202c909cc825c69 (factory 0x347d14b13a68457186b2450bb2a6c2fd7b38352f), PLI/WXDC. Reserves at block 108575593: 1,121,229.66 PLI / 120,967.07 WXDC; pool last updated 2026-10-21T14:54:18Z.

Pool mid: 0.10788786 WXDC per PLI. Pool mid vs oracle answer: n/a (pool quote WXDC differs from feed quote).

Constant-product (x·y=k) estimate for swapping PLI into WXDC in this single pool; swap fee excluded; other pools/routes not included.

Size (PLI)Approx. value (USDT, oracle)Output (WXDC)Price impact vs mid
10,00037.261,069.34140.88%
100,000372.589,905.358.19%
1,000,0003,725.8557,026.862347.14%
10,000,00037,258.47108,771.309989.92%
Price impactPLI size reaching it (fee excluded)
1%11,325.55
2%22,882.24
5%59,012.09
10%124,581.07

5. Data sources and timestamps

6. Disclaimer

Factual research for B2B parameter review; not investment advice or a recommendation.

All figures are observations or arithmetic on the sources above at the stated times; they are not forecasts.

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