ETH+ / WETH on Ethereum
A Morpho market on Ethereum where people borrow WETH against ETH+. A loan can be liquidated once it reaches 94.5% of the collateral's value. Lenders earn 10.76% a year and borrowers pay 12.27% right now.
Data from Morpho's API · updated
Borrow APY
12.27%
30-day average 18.11%
Supply APY
10.76%
30-day average 16.54%
Supplied
$2.0K
0.97 WETH
Borrowed
$1.7K
88.3% utilization
Available to borrow
$228
up to $470 with vault liquidity
Collateral posted
$2.4K
1.10 ETH+
ETH+ / WETH rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
ETH+ / 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 12.46% 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 ETH+ collateral could be liquidated if its price fell by each amount
Based on today's loans and today's ETH+ price in WETH. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 94.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 1.68%extra collateral a liquidator receives |
| ETH+ price in WETH | 1.10 WETHthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x0705…02C0 |
| Price feeds | 0xf87d…9936 0x5f4e…8419 |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 93.37% LTV |
Details
| Loan asset | WETHprice $2.0K |
|---|---|
| Collateral | ETH+price $2.2K |
| Borrow APY, last year | 3.72% |
| Borrowers | 5 |
| Created | September 16, 2024 |
| Market ID | 0x5f8a138b…8e4a86 |
| Rate model | 0x870a…00BC |
| ETH+ token | 0xE72B…56a8 |
| WETH token | 0xC02a…6Cc2 |
Vaults lending here
$1.5K of the $2.0K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| RockawayX wETHV2lends directly | $1.5K |
Largest borrowers
5 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x53Ad…0E15 | $968 | 1.43 |
| 0xD6dA…0871 | $851 | 1.24 |
| 0x0659…d0E3 | $2.00 | 1.17 |
| 0x6Eb8…4B6a | $0 | 14.06 |
| 0x9824…8607 | $0 | >99 |
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 ETH+ / WETH market
The ETH+ / WETH market on Ethereum was created on September 16, 2024. Anyone can lend WETH into it, and anyone holding ETH+ can borrow that WETH against it, up to a loan-to-value of 94.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $2.0K is supplied and $1.7K borrowed, so 88.3% of the market is in use, backed by $2.4K of ETH+ from 5 borrowers. Borrowers pay 12.27% a year, 18.11% on average over the last 30 days and 3.72% over the last year. Lenders earn 10.76%.
1 listed vault lends here, providing $1.5K of the supply; the largest is RockawayX wETH. Liquidators who close an unsafe loan here receive a 1.68% bonus in ETH+. If ETH+ fell 20% against WETH, about $2.00 of collateral would be at risk of liquidation.
ETH+ / WETH on Ethereum: quick answers
What is the WETH borrow rate against ETH+ on Morpho Ethereum?
In this market it is 12.27% a year right now, and it averaged 18.11% 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 ETH+ / WETH loans liquidated?
When a loan reaches 94.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes ETH+ worth 1.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if ETH+ fell to about 0.583 WETH.
How much WETH can be borrowed here right now?
$228 is free in the market, and vaults can move in up to $242 more through Morpho's public allocator, for about $470 in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the ETH+ / WETH market?
Lenders earn 10.76% a year right now (16.54% averaged over 30 days). Most lend through vaults, such as RockawayX wETH, which spread deposits across several markets.