Morpho Watch

PYUSD on Morpho

PayPal USD (PYUSD) on Morpho, on every network: $645.4M in 6 vaults, $599.1M lent in 14 markets. Rates differ between vaults and markets because each has its own borrowers, collateral and curator.

Data from Morpho's API · updated

Best vault net APY

9.00%

StableEarn Prime PYUSD

Best market supply APY

6.70%

against PST, Ethereum

Cheapest to borrow

3.58%

against weETH, Stable

In vaults

$645.4M

6 vaults

Earn on PYUSD: vaults

Deposit PYUSD and a curator lends it out for you. Net APY is after the curator's fee.

Vaults that take PYUSD
Vault Deposits Net APY 30‑day APY Fee Withdrawable
Paypal USD MainV2Sentora · Ethereum · $355.5M $355.5M355.73M PYUSD 5.49%incl. 3.16% rewards 2.38% 0%+1.0% a year $38.40M
Sentora PRIME MainV2Sentora · Ethereum · $187.2M $187.2M187.31M PYUSD 7.27%incl. 2.16% rewards 4.13% 15% $1.02M
Sentora Huma PST MainV2Sentora · Ethereum · $86.06M $86.06M86.10M PYUSD 7.54%incl. 1.99% rewards 5.03% 15% $1.72M
StableEarn Prime PYUSDV2Galaxy Curation · Stable · $15.32M $15.32M15.33M PYUSD 9.00%incl. 6.84% rewards – 0% $5.00M
Sentora mWIN MainV2Sentora · Ethereum · $902K $902K902.43K PYUSD 2.04% 3.43% 15% $183K
Steakhouse Prime InstantV2Steakhouse Financial · Ethereum · $335K $335K334.79K PYUSD 5.71% 6.11% 0% $25.5K

Borrow PYUSD: markets

Markets that lend out PYUSD, each against one kind of collateral.

Markets that lend PYUSD
Market Supplied Supply APY Borrowed Borrow APY Utilization
PRIME / PYUSDEthereum · LLTV 86% $186.2M186.31M PYUSD 6.07% $169.0M$235.2M collateral 6.71% 90.8%
sUSDe / PYUSDEthereum · LLTV 91.5% $115.1M115.12M PYUSD 3.66% $101.5M$117.1M collateral 4.16% 88.2%
kBTC / PYUSDEthereum · LLTV 86% $105.6M105.65M PYUSD 3.59% $94.15M$133.4M collateral 4.03% 89.2%
PST / PYUSDEthereum · LLTV 86% $84.33M84.38M PYUSD 6.70% $76.19M$113.2M collateral 7.44% 90.3%
syrupUSDC / PYUSDEthereum · LLTV 91.5% $65.19M65.23M PYUSD 4.04% $58.68M$65.81M collateral 4.50% 90.0%
weETH / PYUSDEthereum · LLTV 86% $28.40M28.42M PYUSD 4.29% $24.65M$40.28M collateral 4.96% 86.8%
weETH / PYUSDStable · LLTV 86% $10.32M10.32M PYUSD 3.22% $9.28M$33.43M collateral 3.58% 90.0%
cbBTC / PYUSDEthereum · LLTV 86% $1.68M1.68M PYUSD 3.79% $1.51M$3.76M collateral 4.22% 90.0%
WBTC / PYUSDEthereum · LLTV 86% $1.20M1.20M PYUSD 3.96% $1.08M$1.60M collateral 4.41% 90.1%
mWIN / PYUSDEthereum · LLTV 77% $719K719.55K PYUSD 3.02% $628K$859K collateral 3.46% 87.4%
PAXG / PYUSDEthereum · LLTV 77% $193K192.78K PYUSD 5.71% $167K$298K collateral 6.61% 86.8%
wstETH / PYUSDEthereum · LLTV 86% $147K147.46K PYUSD 5.72% $132K$260K collateral 6.41% 89.5%
WBTC / PYUSDEthereum · LLTV 86% $41.4K41.41K PYUSD 5.72% $37.0K$120K collateral 6.41% 89.5%
LBTC / PYUSDEthereum · LLTV 86% $1.3K1.29K PYUSD 6.28% $1.2K$3.1K collateral 6.99% 90.1%

About PYUSD on Morpho

PayPal USD (PYUSD) is on Morpho on 2 networks: Ethereum and Stable. Morpho prices it at $0.9994.

6 vaults take PYUSD deposits, holding $645.4M in all. The largest is Paypal USD Main on Ethereum, curated by Sentora, with $355.5M deposited and paying 5.49% net APY after fees.

PYUSD is lent out in 14 markets, with $599.1M supplied and $537.0M borrowed. The largest is PRIME / PYUSD on Ethereum, where borrowers pay 6.71% and lenders earn 6.07%.

PYUSD on Morpho: quick answers

Where can I earn the most on PYUSD on Morpho?

StableEarn Prime PYUSD on Stable pays 9.00% net APY (6.84% of it in token rewards, which can stop at any time), the most among PYUSD vaults open to deposits with at least $1M in them. The largest PYUSD vault, Paypal USD Main, pays 5.49% net APY (3.16% of it in token rewards, which can stop at any time).

Where is it cheapest to borrow PYUSD on Morpho?

Borrowing PYUSD against weETH on Stable costs 3.58% a year, the lowest among markets in use with at least $250K left to borrow.

Which networks is PYUSD on Morpho available on?

Ethereum and Stable.

Borrowing against PYUSD? Check your numbers with the liquidation price calculator. More assets on the assets page.