pufETH / WETH on Ethereum
A Morpho market on Ethereum where people borrow WETH against pufETH. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 53.18% a year and borrowers pay 76.91% right now.
Data from Morpho's API · updated
Borrow APY
76.91%
30-day average 91.55%
Supply APY
53.18%
30-day average 80.40%
Supplied
$2.1K
0.788 WETH
Borrowed
$1.6K
74.9% utilization
Available to borrow
$533
free liquidity right now
Collateral posted
$2.8K
0.954 pufETH
pufETH / WETH rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
pufETH / 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 86.64% 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 pufETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's pufETH price in WETH. 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 |
| pufETH price in WETH | 1.08 WETH |
| Oracle | ChainlinkOracleV20x7A56…13Fc |
| Price feeds | 0x76A4…835C |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | WETHprice $2.7K |
|---|---|
| Collateral | pufETHprice $2.9K |
| Borrow APY, last year | 52.81% |
| Borrowers | 27 |
| Created | May 9, 2024 |
| Market ID | 0x0eed5a89…6cfbbf |
| Rate model | 0x870a…00BC |
| pufETH token | 0xD9A4…6a72 |
| WETH token | 0xC02a…6Cc2 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
27 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x48a1…56C5 | $1.6K | 1.01 |
| 0xE863…4433 | $5.00 | 4.27 |
| 0x3C17…9f63 | $2.00 | 1.08 |
| 0xf3Da…69c7 | $1.00 | 1.55 |
| 0x77e3…1026 | $1.00 | 1.55 |
| 0x094A…8262 | $1.00 | 1.98 |
| 0x8BF2…A792 | $1.00 | 1.44 |
| 0x226d…64f2 | $1.00 | 1.44 |
| 0x8639…68Ff | $1.00 | 1.44 |
| 0x1956…c75F | $0 | 1.29 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
1 in the last 30 days, $126 of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $1260.0469 WETH | 0x298d…4d5f | |
| $4930.183 WETH | 0x7fe4…4aaa |
About the pufETH / WETH market
The pufETH / WETH market on Ethereum was created on May 9, 2024. Anyone can lend WETH into it, and anyone holding pufETH can borrow that WETH against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $2.1K is supplied and $1.6K borrowed, so 74.9% of the market is in use, backed by $2.8K of pufETH from 27 borrowers. Borrowers pay 76.91% a year, 91.55% on average over the last 30 days and 52.81% over the last year. Lenders earn 53.18%.
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 pufETH. If pufETH fell 20% against WETH, about $1.8K of collateral would be at risk of liquidation. 1 loan was liquidated here in the last 30 days.
pufETH / WETH on Ethereum: quick answers
What is the WETH borrow rate against pufETH on Morpho Ethereum?
In this market it is 76.91% a year right now, and it averaged 91.55% 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 pufETH / WETH 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 pufETH worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if pufETH fell to about 0.629 WETH.
How much WETH can be borrowed here right now?
$533 is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the pufETH / WETH market?
Lenders earn 53.18% a year right now (80.40% averaged over 30 days). Most lend through vaults, which spread deposits across several markets.