MORPHO / WETH on Base
A Morpho market on Base where people borrow WETH against MORPHO. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 3.18% a year and borrowers pay 3.50% right now.
Data from Morpho's API · updated
Borrow APY
3.50%
30-day average 3.44%
Supply APY
3.18%
30-day average 3.16%
Supplied
$25.8K
12.81 WETH
Borrowed
$23.5K
90.9% utilization
Available to borrow
$2.3K
free liquidity right now
Collateral posted
$77.5K
38.61K MORPHO
MORPHO / WETH rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
MORPHO / WETH 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 2.74% 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 MORPHO collateral could be liquidated if its price fell by each amount
Based on today's loans and today's MORPHO price in WETH. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 77%fixed for the life of the market |
|---|---|
| Liquidation bonus | 7.41%extra collateral a liquidator receives |
| MORPHO price in WETH | 0.000994 WETHthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xFbe9…4915 |
| Price feeds | 0xDaFF…b4a1 0xd39E…FFA4 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | WETHprice $2.0K |
|---|---|
| Collateral | MORPHOprice $2.0053 |
| Borrowers | 8 |
| Created | July 30, 2026 |
| Market ID | 0x71511d93…72a87f |
| Rate model | 0x4641…2687 |
| MORPHO token | 0xBAa5…0842 |
| WETH token | 0x4200…0006 |
Vaults lending here
$9.4K of the $25.8K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Kabu WETHV2lends directly | $9.4K |
Largest borrowers
8 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xb1A3…80Ed | $20.5K | 2.52 |
| 0xB204…09fa | $1.3K | 1.84 |
| 0x20Ed…E121 | $990 | 1.68 |
| 0xF5AA…2BcB | $613 | 2.51 |
| 0x3892…30dF | $246 | 1.21 |
| 0xD389…36Da | $80.00 | 1.55 |
| 0xE839…2D50 | $31.00 | 2.59 |
| 0x57E1…Fca6 | $0 | 4.02 |
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 MORPHO / WETH market
The MORPHO / WETH market on Base was created on July 30, 2026. Anyone can lend WETH into it, and anyone holding MORPHO can borrow that WETH against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $25.8K is supplied and $23.5K borrowed, so 90.9% of the market is in use, backed by $77.5K of MORPHO from 8 borrowers. Borrowers pay 3.50% a year, 3.44% on average over the last 30 days. Lenders earn 3.18%.
1 listed vault lends here, providing $9.4K of the supply; the largest is Kabu WETH. Liquidators who close an unsafe loan here receive a 7.41% bonus in MORPHO. If MORPHO fell 20% against WETH, about $384 of collateral would be at risk of liquidation.
MORPHO / WETH on Base: quick answers
What is the WETH borrow rate against MORPHO on Morpho Base?
In this market it is 3.50% a year right now, and it averaged 3.44% over the last 30 days. The rate is variable: it follows how much of the market's WETH is borrowed, rising quickly above 90%.
When are MORPHO / WETH loans liquidated?
When a loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes MORPHO worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if MORPHO fell to about 0.000645 WETH.
How much WETH can be borrowed here right now?
$2.3K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the MORPHO / WETH market?
Lenders earn 3.18% a year right now (3.16% averaged over 30 days). Vaults provide 36% of the supply here (Kabu WETH); the rest comes from people lending directly.
More ways to borrow against MORPHO
Other loan assets with MORPHO as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| MORPHO / USDCEthereum · LLTV 62.5% | 6.59% | 7.68% |
