cbHYPE / USDC on Base
A Morpho market on Base where people borrow USDC against cbHYPE. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 0.04% a year and borrowers pay 1.15% right now.
Data from Morpho's API · updated
Borrow APY
1.15%
paid by borrowers
Supply APY
0.04%
earned by lenders
Supplied
$10.0K
10.00K USDC
Borrowed
$390
3.9% utilization
Available to borrow
$9.6K
free liquidity right now
Collateral posted
$536
5.99 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 4.09% 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) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| cbHYPE price in USDC | 89.49 USDC |
| Oracle | ChainlinkOracleV20xC15A…ff69 |
| Price feeds | 0xEdB5…1DcA 0x7e86…bc6B |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | cbHYPEprice $89.48 |
| Borrowers | 2 |
| Created | September 8, 2026 |
| Market ID | 0xc1261980…2effc9 |
| Rate model | 0x4641…2687 |
| cbHYPE token | 0xB200…479e |
| USDC token | 0x8335…2913 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x7693…2FA6 | $390 | 1.20 |
| 0x987C…E53D | $0 | 1.38 |
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 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 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $10.0K is supplied and $390 borrowed, so 3.9% of the market is in use, backed by $536 of cbHYPE from 2 borrowers. Borrowers pay 1.15% a year. Lenders earn 0.04%.
No listed vault lends to this market right now, so its supply comes from direct lenders. Liquidators who close an unsafe loan here receive a 4.38% bonus in cbHYPE. If cbHYPE fell 20% against USDC, about $547 of collateral would be at risk of liquidation.
cbHYPE / USDC 86% on Base: quick answers
What is the USDC borrow rate against cbHYPE on Morpho Base?
In this market it is 1.15% 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 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes cbHYPE worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cbHYPE fell to about 52.03 USDC.
How much USDC can be borrowed here right now?
$9.6K 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 0.04% a year right now. Most lend through vaults, which spread deposits across several markets.
Other cbHYPE / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| cbHYPE / USDCBase · LLTV 62.5% | 5.50% | 5.91% |
More ways to borrow against cbHYPE
Other loan assets with cbHYPE as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| cbHYPE / WETHBase · LLTV 77% | 3.41% | 3.66%−3.50% rewards |
