savETH / WETH on Ethereum
A Morpho market on Ethereum where people borrow WETH against savETH. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 3.58% a year and borrowers pay 3.98% right now.
Data from Morpho's API · updated
Borrow APY
3.98%
30-day average 3.80%
Supply APY
3.58%
30-day average 3.40%
Supplied
$4.19M
1.56K WETH
Borrowed
$3.79M
90.3% utilization
Available to borrow
$408K
free liquidity right now
Collateral posted
$5.26M
1.85K savETH
savETH / WETH rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
savETH / 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 3.67% 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 savETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's savETH 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 |
| savETH price in WETH | 1.06 WETH |
| Oracle | ChainlinkOracleV20x943d…d3a7 |
| Price feeds | 0xDA06…e341 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | WETHprice $2.7K |
|---|---|
| Collateral | savETHprice $2.8K |
| Borrowers | 4 |
| Created | January 15, 2026 |
| Market ID | 0xd98cd88a…7cff36 |
| Rate model | 0x870a…00BC |
| savETH token | 0xDA06…e341 |
| WETH token | 0xC02a…6Cc2 |
Vaults lending here
$1.94M of the $4.19M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| KPK ETH YieldV2lends directly | $1.94M |
Largest borrowers
4 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xE29B…39d1 | $2.06M | 1.12 |
| 0x8C25…01B3 | $974K | 1.05 |
| 0x3D46…7904 | $757K | 1.97 |
| 0xE5aE…C075 | $0 | 1.04 |
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 savETH / WETH market
The savETH / WETH market on Ethereum was created on January 15, 2026. Anyone can lend WETH into it, and anyone holding savETH 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 $4.19M is supplied and $3.79M borrowed, so 90.3% of the market is in use, backed by $5.26M of savETH from 4 borrowers. Borrowers pay 3.98% a year, 3.80% on average over the last 30 days. Lenders earn 3.58%.
1 listed vault lends here, providing $1.94M of the supply; the largest is KPK ETH Yield. Liquidators who close an unsafe loan here receive a 2.62% bonus in savETH. If savETH fell 20% against WETH, about $3.64M of collateral would be at risk of liquidation.
savETH / WETH on Ethereum: quick answers
What is the WETH borrow rate against savETH on Morpho Ethereum?
In this market it is 3.98% a year right now, and it averaged 3.80% 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 savETH / 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 savETH worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if savETH fell to about 0.578 WETH.
How much WETH can be borrowed here right now?
$408K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the savETH / WETH market?
Lenders earn 3.58% a year right now (3.40% averaged over 30 days). Most lend through vaults, such as KPK ETH Yield, which spread deposits across several markets.