weETH / USDC on Base
A Morpho market on Base where people borrow USDC against weETH. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 4.49% a year and borrowers pay 5.36% right now.
Data from Morpho's API · updated
Borrow APY
5.36%
30-day average 5.88%
Supply APY
4.49%
30-day average 5.28%
Supplied
$18.0K
18.05K USDC
Borrowed
$15.2K
84.2% utilization
Available to borrow
$2.9K
free liquidity right now
Collateral posted
$27.8K
12.47 weETH
weETH / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
weETH / 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 5.64% 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 weETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's weETH price in USDC. 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 |
| weETH price in USDC | 2.24K USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xaacb…FAB0 |
| Price feeds | 0x35e9…c181 0x7104…Bb70 0x7e86…bc6B |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 72.74% LTV |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | weETHprice $2.2K |
| Borrow APY, last year | 5.20% |
| Borrowers | 55 |
| Created | June 1, 2024 |
| Market ID | 0x6a331b22…951eb7 |
| Rate model | 0x4641…2687 |
| weETH token | 0x04C0…150A |
| USDC token | 0x8335…2913 |
Vaults lending here
$18.0K of the $18.0K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Gauntlet USDC Corelends directly | $15.6K |
| Steakhouse High Yield USDCV2lends directly | $2.4K |
Largest borrowers
55 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xa2B6…Ad00 | $6.8K | 1.20 |
| 0xdFe4…b801 | $4.8K | 1.66 |
| 0x4501…215f | $1.5K | 1.27 |
| 0xA885…F197 | $905 | 1.04 |
| 0xfcE7…1b8F | $625 | 2.10 |
| 0x0939…401F | $234 | 2.52 |
| 0x841c…82cb | $179 | 2.61 |
| 0xb197…Cc0F | $15.00 | 1.70 |
| 0xd40e…1c73 | $12.00 | 7.18 |
| 0x61Cb…0366 | $2.00 | 1.50 |
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 weETH / USDC market
The weETH / USDC market on Base was created on June 1, 2024. Anyone can lend USDC into it, and anyone holding weETH can borrow that USDC against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $18.0K is supplied and $15.2K borrowed, so 84.2% of the market is in use, backed by $27.8K of weETH from 55 borrowers. Borrowers pay 5.36% a year, 5.88% on average over the last 30 days and 5.20% over the last year. Lenders earn 4.49%.
2 listed vaults lend here, providing $18.0K of the supply; the largest are Gauntlet USDC Core and Steakhouse High Yield USDC. Liquidators who close an unsafe loan here receive a 7.41% bonus in weETH. If weETH fell 20% against USDC, about $11.8K of collateral would be at risk of liquidation.
weETH / USDC on Base: quick answers
What is the USDC borrow rate against weETH on Morpho Base?
In this market it is 5.36% a year right now, and it averaged 5.88% over the last 30 days. The rate is variable: it follows how much of the market's USDC is borrowed, rising quickly above 90%.
When are weETH / USDC 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 weETH worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if weETH fell to about 1.45K USDC.
How much USDC can be borrowed here right now?
$2.9K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the weETH / USDC market?
Lenders earn 4.49% a year right now (5.28% averaged over 30 days). Most lend through vaults, such as Gauntlet USDC Core and Steakhouse High Yield USDC, which spread deposits across several markets.
Other weETH / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| weETH / USDCEthereum · LLTV 86% | 4.47% | 5.31% |
| weETH / USDCEthereum · LLTV 86% | 4.39% | 5.15% |
| weETH / USDCEthereum · LLTV 77% | 4.38% | 4.68% |
More ways to borrow against weETH
Other loan assets with weETH as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| weETH / RLUSDEthereum · LLTV 86% | 3.44% | 4.07% |
| weETH / PYUSDEthereum · LLTV 86% | 4.29% | 4.96% |
| weETH / PYUSDStable · LLTV 86% | 3.22% | 3.58% |
| weETH / WETHEthereum · LLTV 94.5% | 3.02% | 3.30% |
| weETH / vbETHKatana · LLTV 91.5% | 1.82% | 2.04%−0.25% rewards |
| weETH / USDTEthereum · LLTV 86% | 2.97% | 3.63% |
