Morpho Watch

WHYPE on Morpho

Wrapped HYPE (WHYPE) on Morpho, on every network: $5.35M in 4 vaults, $6.12M lent in 6 markets, $31.72M 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

0.63%

Felix HYPE V2

Best market supply APY

3.04%

against lstHYPE, HyperEVM

Cheapest to borrow

0.83%

against kHYPE, HyperEVM

Posted as collateral

$31.72M

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 HYPE V2V2Felix · HyperEVM · $2.65M $2.65M37.15K WHYPE 0.63% 0.60% 10% $716K
Felix HYPEFelix · HyperEVM · $1.83M $1.83M25.67K WHYPE 0.63% 0.59% 10% $722K
MEV Capital HYPEMEV Capital · HyperEVM · $877K $877K12.31K WHYPE 2.00% 2.03% 10% $432K
MEV Capital HYPEV2MEV Capital · HyperEVM · $847 $84711.90 WHYPE 0.63% 0.65% 10% $215

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% $4.77M66.92K WHYPE 0.70% $4.05M$5.69M collateral 0.83% 85.0%
lstHYPE / WHYPEHyperEVM · LLTV 91.5% $1.06M14.95K WHYPE 3.04% $935K$1.47M collateral 3.47% 87.9%
beHYPE / WHYPEHyperEVM · LLTV 86% $241K3.39K WHYPE 0.34% $184K$269K collateral 0.44% 76.4%
wstHYPE / WHYPEHyperEVM · LLTV 86% $28.5K400.76 WHYPE 0.71% $24.5K$41.7K collateral 0.83% 85.8%
hbHYPE / WHYPEHyperEVM · LLTV 91.5% $18.5K259.27 WHYPE 3.35% $16.8K$26.8K collateral 3.69% 90.8%
PT-kHYPE-24SEP2026 / WHYPEHyperEVM · LLTV 86% $1.9K27.03 WHYPE <0.01% $157$0 collateral 0.03% 8.2%

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% $9.89M9.89M USDC 5.06% $8.37M$19.14M collateral 6.00% 84.7%
WHYPE / USD₮0HyperEVM · LLTV 62.5% $4.51M4.51M USD₮0 7.06% $3.97M$9.80M collateral 8.05% 88.1%
WHYPE / USDCHyperEVM · LLTV 62.5% $559K559.01K USDC 4.76% $466K$2.02M collateral 5.74% 83.4%
WHYPE / USDeHyperEVM · LLTV 62.5% $90.9K90.92K USDe 7.26% $77.9K$362K collateral 8.52% 85.7%
WHYPE / USDCHyperEVM · LLTV 86% $138K138.31K USDC 3.83% $124K$234K collateral 4.26% 90.0%
WHYPE / USD₮0HyperEVM · LLTV 77% $64.9K64.95K USD₮0 7.12% $57.5K$115K collateral 8.07% 88.7%
WHYPE / USDHLHyperEVM · LLTV 62.5% $7.8K7.78K USDHL 18.89% $5.4K$44.1K collateral 28.49% 69.0%

About WHYPE on Morpho

Wrapped HYPE (WHYPE) is on Morpho on HyperEVM. Morpho prices it at $71.21.

4 vaults take WHYPE deposits, holding $5.35M in all. The largest is Felix HYPE V2 on HyperEVM, curated by Felix, with $2.65M deposited and paying 0.63% net APY after fees.

WHYPE is lent out in 6 markets, with $6.12M supplied and $5.21M borrowed. The largest is kHYPE / WHYPE on HyperEVM, where borrowers pay 0.83% and lenders earn 0.70%.

As collateral, $31.72M of WHYPE backs $13.08M of loans in 7 markets, which lend USDC, USD₮0, USDe and USDHL against it. They liquidate a loan at between 62.5% and 86% of the collateral's value. The largest is WHYPE / USDC on HyperEVM, where borrowers pay 6.00%.

WHYPE on Morpho: quick answers

Where can I earn the most on WHYPE on Morpho?

Felix HYPE V2 on HyperEVM pays 0.63% net APY, the most among WHYPE vaults open to deposits with at least $1M in them. The largest WHYPE vault, Felix HYPE V2, pays 0.63% net APY.

Where is it cheapest to borrow WHYPE on Morpho?

Borrowing WHYPE against kHYPE on HyperEVM costs 0.83% a year, the lowest among markets in use with at least $250K left to borrow.

Can I borrow against WHYPE on Morpho?

Yes: 7 markets accept WHYPE as collateral, with liquidation LTVs up to 86.0%. The largest is WHYPE / USDC on HyperEVM, where borrowers pay 6.00%.

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.