Fig. 02—Markets
Space Exploration Technologies Corp. (SPCX)
Deposit SPCX as collateral, mint pUSD against it in one transaction — or repay and withdraw your collateral back.
SPCX / pUSD
0.0% / 38.5% LTVYour collateral
0.0000 SPCX
—
Your borrowed (pUSD-equiv)
0.0000 USDG
market liquidity: $0
SPCX
Balance: 0.0000 SPCX
pUSD
Safe max: enter collateral + wait for price
Runs through PorusZap (0xA16d3032…), which supplies collateral and borrows directly on Morpho Blue's own singleton contract, then mints/redeems pUSD via the Porus Treasury — one signature, real borrowing, real liquidation risk at 38.5% LTV.