WETH / USDT0 on Arbitrum
A Morpho market on Arbitrum where people borrow USDT0 against WETH. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 2.10% a year and borrowers pay 2.98% right now.
Data from Morpho's API · updated
Borrow APY
2.98%
30-day average 4.25%
Supply APY
2.10%
30-day average 3.77%
Supplied
$74.4K
74.45K USDT0
Borrowed
$52.8K
70.9% utilization
Available to borrow
$21.7K
free liquidity right now
Collateral posted
$138K
51.23 WETH
WETH / USDT0 rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
WETH / USDT0 interest rate curve
What borrowers would pay at each utilization level, with today's settings
Borrow APY Supply APY
At the 90% target, borrowers pay 3.55% right now. Below it the rate falls to as little as a quarter of that; above it, it climbs to four times that when the market is fully borrowed. The curve itself also moves: while utilization stays above 90% the whole curve drifts up, and below 90% it drifts down. How Morpho interest rates work.
Liquidation map
How much WETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's WETH price in USDT0. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| WETH price in USDT0 | 2.69K USDT0 |
| Oracle | ChainlinkOracleV20x282F…71A2 |
| Price feeds | 0x639F…a612 |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 83.26% LTV |
Details
| Loan asset | USDT0price $0.9997 |
|---|---|
| Collateral | WETHprice $2.7K |
| Borrow APY, last year | 7.17% |
| Borrowers | 44 |
| Created | July 16, 2025 |
| Market ID | 0xac6a1181…eebc62 |
| Rate model | 0x66F3…06DA |
| WETH token | 0x82aF…Bab1 |
| USDT0 token | 0xFd08…Cbb9 |
Vaults lending here
$74.3K of the $74.4K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Bitget x Steakhouse USDTV2lends directly | $74.3K |
Largest borrowers
44 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x7D68…5ad1 | $17.4K | 2.01 |
| 0x4B2c…7422 | $7.7K | 1.52 |
| 0x281F…29B4 | $4.9K | 1.90 |
| 0x0e07…6Aae | $4.3K | 2.31 |
| 0x235f…7880 | $4.1K | 2.07 |
| 0xe0e0…4e56 | $3.0K | 3.29 |
| 0x9180…aa2A | $2.0K | 2.85 |
| 0x570C…5302 | $1.9K | 2.05 |
| 0x23e1…2327 | $1.8K | 3.49 |
| 0x30b9…924E | $1.1K | 1.77 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
None recorded in the last 90 days
About the WETH / USDT0 market
The WETH / USDT0 market on Arbitrum was created on July 16, 2025. Anyone can lend USDT0 into it, and anyone holding WETH can borrow that USDT0 against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $74.4K is supplied and $52.8K borrowed, so 70.9% of the market is in use, backed by $138K of WETH from 44 borrowers. Borrowers pay 2.98% a year, 4.25% on average over the last 30 days and 7.17% over the last year. Lenders earn 2.10%.
1 listed vault lends here, providing $74.3K of the supply; the largest is Bitget x Steakhouse USDT. Liquidators who close an unsafe loan here receive a 4.38% bonus in WETH. If WETH fell 20% against USDT0, about $70.00 of collateral would be at risk of liquidation.
WETH / USDT0 on Arbitrum: quick answers
What is the USDT0 borrow rate against WETH on Morpho Arbitrum?
In this market it is 2.98% a year right now, and it averaged 4.25% over the last 30 days. The rate is variable: it follows how much of the market's USDT0 is borrowed, rising quickly above 90%.
When is a WETH / USDT0 loan liquidated?
When the loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes WETH worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if WETH fell to about 1.56K USDT0.
How much USDT0 can be borrowed here right now?
$21.7K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the WETH / USDT0 market?
Lenders earn 2.10% a year right now (3.77% averaged over 30 days). Most lend through vaults, such as Bitget x Steakhouse USDT, which spread deposits across several markets.
More ways to borrow against WETH
Other loan assets with WETH as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| WETH / USDCBase · LLTV 86% | 4.32% | 4.83% |
| WETH / USDCEthereum · LLTV 86% | 4.74% | 5.26% |
| WETH / EURCBase · LLTV 86% | 1.96% | 2.53% |
| WETH / USDTEthereum · LLTV 86% | 4.33% | 4.78% |
| WETH / USDCArbitrum · LLTV 86% | 2.38% | 3.03% |
| WETH / tGBPEthereum · LLTV 86% | 1.00% | 1.11% |
