yoETH / WETH on Base
A Morpho market on Base where people borrow WETH against yoETH. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 1.69% a year and borrowers pay 2.07% right now.
Data from Morpho's API · updated
Borrow APY
2.07%
30-day average 2.50%
Supply APY
1.69%
30-day average 2.26%
Supplied
$265K
98.57 WETH
Borrowed
$216K
81.7% utilization
Available to borrow
$48.5K
free liquidity right now
Collateral posted
$291K
99.31 yoETH
yoETH / WETH rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
yoETH / 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 2.22% 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 yoETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's yoETH price in WETH. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 91.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 2.62%extra collateral a liquidator receives |
| yoETH price in WETH | 1.09 WETH |
| Oracle | ChainlinkOracleV20xBF99…1DBC |
| Price feeds | 0x3A43…9De7 |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 89.79% LTV |
Details
| Loan asset | WETHprice $2.7K |
|---|---|
| Collateral | yoETHprice $2.9K |
| Borrow APY, last year | 5.96% |
| Borrowers | 133 |
| Created | August 12, 2025 |
| Market ID | 0x94f344f8…3ae269 |
| Rate model | 0x4641…2687 |
| yoETH token | 0x3A43…9De7 |
| WETH token | 0x4200…0006 |
Vaults lending here
$182K of the $265K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Clearstar ETH Reactorlends directly | $100K |
| Clearstar Core ETHV2lends directly | $81.8K |
Largest borrowers
133 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x081e…5299 | $63.8K | 1.02 |
| 0xd03e…D94e | $30.1K | 1.14 |
| 0x0eF4…18e5 | $21.5K | 1.14 |
| 0x0577…2563 | $12.1K | 1.22 |
| 0x257d…Aa31 | $11.6K | 1.83 |
| 0x8A4b…1201 | $8.9K | 1.22 |
| 0x3Bdf…09D1 | $7.6K | 1.42 |
| 0x1EF4…CB61 | $6.3K | 1.14 |
| 0x0100…0679 | $5.4K | 1.14 |
| 0x8F98…6766 | $4.5K | 1.14 |
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 yoETH / WETH market
The yoETH / WETH market on Base was created on August 12, 2025. Anyone can lend WETH into it, and anyone holding yoETH can borrow that WETH against it, up to a loan-to-value of 91.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $265K is supplied and $216K borrowed, so 81.7% of the market is in use, backed by $291K of yoETH from 133 borrowers. Borrowers pay 2.07% a year, 2.50% on average over the last 30 days and 5.96% over the last year. Lenders earn 1.69%.
2 listed vaults lend here, providing $182K of the supply; the largest are Clearstar ETH Reactor and Clearstar Core ETH. Liquidators who close an unsafe loan here receive a 2.62% bonus in yoETH. If yoETH fell 20% against WETH, about $230K of collateral would be at risk of liquidation.
yoETH / WETH on Base: quick answers
What is the WETH borrow rate against yoETH on Morpho Base?
In this market it is 2.07% a year right now, and it averaged 2.50% 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 is a yoETH / WETH loan liquidated?
When the loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes yoETH worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if yoETH fell to about 0.596 WETH.
How much WETH can be borrowed here right now?
$48.5K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the yoETH / WETH market?
Lenders earn 1.69% a year right now (2.26% averaged over 30 days). Most lend through vaults, such as Clearstar ETH Reactor and Clearstar Core ETH, which spread deposits across several markets.