Skip to content
Morpho Watch

WHYPE on Morpho

Wrapped HYPE (WHYPE) on Morpho, on every network: $16.62M in 5 vaults, $18.26M lent in 6 markets, $48.91M posted as collateral in 7 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

5.36%

Felix HYPE

Best market supply APY

11.93%

against lstHYPE, HyperEVM

Cheapest to borrow

6.44%

against kHYPE, HyperEVM

Posted as collateral

$48.91M

7 markets

Earn on WHYPE: vaults

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

Vaults that take WHYPE
Vault Deposits Net APY 30-day APY Fee Withdrawable
Felix HYPEFelix · HyperEVM · $11.28M $11.28M122.66K WHYPE 5.36% 2.94% 10% $1.11M
Felix HYPE V2V2Felix · HyperEVM · $4.39M $4.39M47.73K WHYPE 5.33% 2.80% 10% $1.07M
MEV Capital HYPEMEV Capital · HyperEVM · $937K $937K10.19K WHYPE 9.53% 6.43% 10% $313K
MEV Capital HYPEV2MEV Capital · HyperEVM · $7.8K $7.8K84.84 WHYPE 5.43% 3.44% 10% $0
HyperEVM HYPE Idle Vault⚠ Short timelockNo curator named · HyperEVM · $0 $00.00120 WHYPE 0.00% 0.00% 0% $0

Borrow WHYPE: markets

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

Markets that lend WHYPE
Market Supplied Supply APY Borrowed Borrow APY Utilization
kHYPE / WHYPEHyperEVM · LLTV 86% $16.05M174.47K WHYPE 6.00% $14.98M$28.52M collateral 6.44% 93.4%
lstHYPE / WHYPEHyperEVM · LLTV 91.5% $1.34M14.58K WHYPE 11.93% $1.23M$1.94M collateral 13.10% 91.5%
wstHYPE / WHYPEHyperEVM · LLTV 86% $487K5.30K WHYPE 4.52% $444K$600K collateral 4.96% 91.2%
beHYPE / WHYPEHyperEVM · LLTV 86% $348K3.78K WHYPE 2.64% $348K$431K collateral 2.64% 100.0%
hbHYPE / WHYPEHyperEVM · LLTV 91.5% $29.2K317.05 WHYPE 12.35% $26.8K$45.6K collateral 13.51% 91.9%
PT-kHYPE-24SEP2026 / WHYPEHyperEVM · LLTV 86% $3.8K41.54 WHYPE 6.17% $3.6K$605K collateral 6.52% 94.8%

Borrow against WHYPE

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

Markets that accept WHYPE as collateral
Market Supplied Supply APY Borrowed Borrow APY Utilization
WHYPE / USDCHyperEVM · LLTV 77% $13.51M13.52M USDC 4.23% $10.47M$28.90M collateral 5.50% 77.4%
WHYPE / USD₮0HyperEVM · LLTV 62.5% $4.37M4.37M USD₮0 15.51% $4.09M$14.51M collateral 16.68% 93.5%
WHYPE / USDCHyperEVM · LLTV 62.5% $1.46M1.46M USDC 4.15% $1.11M$3.83M collateral 5.51% 75.8%
WHYPE / USD₮0HyperEVM · LLTV 77% $175K174.95K USD₮0 15.53% $164K$819K collateral 16.68% 93.6%
WHYPE / USDeHyperEVM · LLTV 62.5% $122K121.73K USDe 5.85% $96.8K$785K collateral 7.40% 79.6%
WHYPE / USDHLHyperEVM · LLTV 62.5% $5.2K5.16K USDHL 96.92% $5.1K$58.4K collateral 99.08% 98.4%
WHYPE / USD₮0HyperEVM · LLTV 77% $4.7K4.74K USD₮0 3.06% $3.7K$14.3K collateral 3.96% 77.4%

WHYPE on Morpho: quick answers

Where can I earn the most on WHYPE on Morpho?

Felix HYPE on HyperEVM pays 5.36% net APY, the most among WHYPE vaults with at least $1M deposited. The largest WHYPE vault, Felix HYPE, pays 5.36%.

Where is it cheapest to borrow WHYPE on Morpho?

Borrowing WHYPE against kHYPE on HyperEVM costs 6.44% a year, the lowest among markets with at least $250K available.

Can I borrow against WHYPE on Morpho?

Yes: 7 markets accept WHYPE as collateral, with liquidation LTVs up to 77.0%. The largest is WHYPE / USDC on HyperEVM, where borrowers pay 5.50%.

Which networks is WHYPE on Morpho available on?

HyperEVM.

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