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Morpho Watch

USDe on Morpho

USDe on Morpho, on every network: $129K in 2 vaults, $414K lent in 2 markets, $756.0M posted as collateral in 5 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

–

no vault with $1M+ deposited

Best market supply APY

–

no market with $1M+ supplied

Cheapest to borrow

–

no market with $250K+ available

Posted as collateral

$756.0M

5 markets

Earn on USDe: vaults

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

Vaults that take USDe
Vault Deposits Net APY 30-day APY Fee Withdrawable
Felix USDe V2V2Felix · HyperEVM · $129K $129K129.23K USDe 5.26% 6.72% 10% $58.4K
HyperEVM USDe Idle Vault⚠ Short timelockNo curator named · HyperEVM · $2.00 $2.002.00 USDe 0.00% 0.00% 0% $2.00

Borrow USDe: markets

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

Markets that lend USDe
Market Supplied Supply APY Borrowed Borrow APY Utilization
UBTC / USDeHyperEVM · LLTV 77% $292K292.11K USDe 5.88% $234K$507K collateral 7.40% 80.0%
WHYPE / USDeHyperEVM · LLTV 62.5% $122K121.73K USDe 5.85% $96.8K$785K collateral 7.40% 79.6%

Borrow against USDe

Markets that accept USDe as collateral. The LLTV is the loan-to-value at which a loan can be liquidated.

Markets that accept USDe as collateral
Market Supplied Supply APY Borrowed Borrow APY Utilization
USDe / USDCBase · LLTV 91.5% $390.1M390.18M USDC 3.64% $350.4M$391.1M collateral 4.06% 89.8%
USDe / USDGRobinhood Chain · LLTV 91.5% $337.8M337.86M USDG 3.57% $298.9M$335.8M collateral 4.04% 88.5%
USDe / RLUSDEthereum · LLTV 91.5% $27.48M27.48M RLUSD 3.66% $25.17M$28.55M collateral 4.00% 91.6%
USDe / DAIEthereum · LLTV 91.5% $38.8K38.82K DAI 10.16% $31.1K$365K collateral 12.82% 80.2%
USDe / DAIEthereum · LLTV 86% $129K128.62K DAI 5.56% $116K$138K collateral 6.19% 90.1%

USDe on Morpho: quick answers

Where can I earn the most on USDe on Morpho?

2 vaults take USDe deposits; the largest, Felix USDe V2, pays 5.26% net APY. None has $1M deposited yet.

Where is it cheapest to borrow USDe on Morpho?

2 markets lend USDe, but none has $250K or more available to borrow right now.

Can I borrow against USDe on Morpho?

Yes: 5 markets accept USDe as collateral, with liquidation LTVs up to 91.5%. The largest is USDe / USDC on Base, where borrowers pay 4.06%.

Which networks is USDe on Morpho available on?

HyperEVM, Base, Robinhood Chain and Ethereum.

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