Morpho Markets
Allium integrates with Morpho Blue to define isolated lending markets.
Each market is identified by a 32-byte market ID that encodes the collateral asset, loan asset, interest rate model, and loan-to-value caps.
Active markets
| Market | Role | Market ID |
|---|---|---|
| ASTER → USDT | Primary leverage venue for ASTER stakers to borrow USDT | 0xA0E99E288E004DAA56C68CF3AD1466E838E74C2EFBBAF83BB14D65A575D7A231 |
| ASTER Loop | Supports recursive ASTER strategies with controlled risk | 0x4A442D07729E2563FCF9D334C5E809BEAA290BE99CADFB3401F5D3DFBBAA607E |
| USDT → ASTER | Enables dollar-based lenders to gain ASTER exposure | 0x0801E3FB8F02AC8DC6B8795F6356D8286B4215D06CEAD316331AEC1B3AE11509 |
Matching mechanics
Morpho matches lenders and borrowers peer-to-pool:
liquidity from vault depositors is matched against borrow demand, and any excess sits on Aave-style pools as a fallback.
Within Allium:
- The ASTER → USDT market is paired with the USDT → ASTER market. Match events balance flows so outstanding debt and supply stay in sync.
- The ASTER Loop market reuses ASTER as both collateral and borrow asset, allowing leverage strategies while keeping strict LTV controls via Morpho’s immutable parameters.
All markets listed here are continuously monitored by Allium’s allocators to ensure health factors stay within policy.