cbHYPE / USDC on Base
A Morpho market on Base where people borrow USDC against cbHYPE. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 5.48% a year and borrowers pay 5.71% right now.
Data from Morpho's API · updated
Borrow APY
5.71%
paid by borrowers
Supply APY
5.48%
earned by lenders
Supplied
$30.5K
30.51K USDC
Borrowed
$29.3K
96.1% utilization
Available to borrow
$1.2K
free liquidity right now
Collateral posted
$72.7K
788.43 cbHYPE
cbHYPE / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
cbHYPE / USDC 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 1.99% 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 cbHYPE collateral could be liquidated if its price fell by each amount
Based on today's loans and today's cbHYPE price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 62.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 12.68%extra collateral a liquidator receives |
| cbHYPE price in USDC | 92.22 USDC |
| Oracle | ChainlinkOracleV20x7FaD…4bFf |
| Price feeds | 0xAdB5…8e63 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | cbHYPEprice $92.21 |
| Borrowers | 22 |
| Created | September 8, 2026 |
| Market ID | 0x76629002…b4c0a8 |
| Rate model | 0x4641…2687 |
| cbHYPE token | 0xB200…479e |
| USDC token | 0x8335…2913 |
Vaults lending here
$28.6K of the $30.5K supplied comes from these vaults
Largest borrowers
22 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x1bb8…d42f | $12.2K | 1.61 |
| 0x8639…84B3 | $9.7K | 1.30 |
| 0x7d31…a555 | $1.3K | 1.20 |
| 0xf021…29Fb | $1.2K | 1.16 |
| 0x3665…356f | $1.1K | 1.24 |
| 0x3697…752A | $1.0K | 1.76 |
| 0x7241…076e | $816 | 2.27 |
| 0x381D…8566 | $510 | 1.75 |
| 0x1463…dCbB | $419 | 1.84 |
| 0x0123…F1ab | $249 | 1.11 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
1 in the last 30 days, $4.53 of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $4.534.53 USDC | 0xb265…5bc0 |
About the cbHYPE / USDC market
The cbHYPE / USDC market on Base was created on September 8, 2026. Anyone can lend USDC into it, and anyone holding cbHYPE can borrow that USDC against it, up to a loan-to-value of 62.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $30.5K is supplied and $29.3K borrowed, so 96.1% of the market is in use, backed by $72.7K of cbHYPE from 22 borrowers. Borrowers pay 5.71% a year. Lenders earn 5.48%.
3 listed vaults lend here, providing $28.6K of the supply; the largest are Steakhouse High Yield USDC v1.1, Clearstar cbAssets Vault and Steakhouse High Yield USDC Edition. Liquidators who close an unsafe loan here receive a 12.68% bonus in cbHYPE. If cbHYPE fell 20% against USDC, about $5.2K of collateral would be at risk of liquidation. 1 loan was liquidated here in the last 30 days.
cbHYPE / USDC on Base: quick answers
What is the USDC borrow rate against cbHYPE on Morpho Base?
In this market it is 5.71% a year right now. The rate is variable: it follows how much of the market's USDC is borrowed, rising quickly above 90%.
When is a cbHYPE / USDC loan liquidated?
When the loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes cbHYPE worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cbHYPE fell to about 73.77 USDC.
How much USDC can be borrowed here right now?
$1.2K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the cbHYPE / USDC market?
Lenders earn 5.48% a year right now. Most lend through vaults, such as Steakhouse High Yield USDC v1.1, Clearstar cbAssets Vault and Steakhouse High Yield USDC Edition, which spread deposits across several markets.
More ways to borrow against cbHYPE
Other loan assets with cbHYPE as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| cbHYPE / WETHBase · LLTV 77% | 3.47% | 3.63%−3.50% rewards |
