sUSDS / wARS on Ethereum
A Morpho market on Ethereum where people borrow wARS against sUSDS. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 19.89% a year and borrowers pay 22.18% right now.
Data from Morpho's API · updated
Borrow APY
22.18%
30-day average 19.50%
Supply APY
19.89%
30-day average 17.18%
Supplied
$3.7K
5.97M wARS
Borrowed
$3.4K
90.5% utilization
Available to borrow
$351
free liquidity right now
Collateral posted
$6.7K
6.01K sUSDS
sUSDS / wARS rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
sUSDS / wARS 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 18.84% 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 sUSDS collateral could be liquidated if its price fell by each amount
Based on today's loans and today's sUSDS price in wARS. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 62.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 12.68%extra collateral a liquidator receives |
| sUSDS price in wARS | 1.78K wARS |
| Oracle | ChainlinkOracleV20x8387…045c |
| Price feeds | 0xfF30…19b1 0xBb65…367b 0xa393…7fbD |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | wARSprice $0.0006 |
|---|---|
| Collateral | sUSDSprice $1.1105 |
| Borrowers | 2 |
| Created | August 14, 2026 |
| Market ID | 0x8cfa4c43…38dd3d |
| Rate model | 0x870a…00BC |
| sUSDS token | 0xa393…7fbD |
| wARS token | 0x0DC4…D90D |
Vaults lending here
$3.7K of the $3.7K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| KPK wARS YieldV2lends directly | $3.7K |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xEa10…27B3 | $3.4K | 1.24 |
| 0xF0Cf…2A75 | $1.00 | 2.23 |
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 sUSDS / wARS market
The sUSDS / wARS market on Ethereum was created on August 14, 2026. Anyone can lend wARS into it, and anyone holding sUSDS can borrow that wARS against it, up to a loan-to-value of 62.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $3.7K is supplied and $3.4K borrowed, so 90.5% of the market is in use, backed by $6.7K of sUSDS from 2 borrowers. Borrowers pay 22.18% a year, 19.50% on average over the last 30 days. Lenders earn 19.89%.
1 listed vault lends here, providing $3.7K of the supply; the largest is KPK wARS Yield. Liquidators who close an unsafe loan here receive a 12.68% bonus in sUSDS.
sUSDS / wARS on Ethereum: quick answers
What is the wARS borrow rate against sUSDS on Morpho Ethereum?
In this market it is 22.18% a year right now, and it averaged 19.50% over the last 30 days. The rate is variable: it follows how much of the market's wARS is borrowed, rising quickly above 90%.
When is a sUSDS / wARS loan liquidated?
When the loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes sUSDS worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if sUSDS fell to about 1.43K wARS.
How much wARS can be borrowed here right now?
$351 is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the sUSDS / wARS market?
Lenders earn 19.89% a year right now (17.18% averaged over 30 days). Most lend through vaults, such as KPK wARS Yield, which spread deposits across several markets.
More ways to borrow against sUSDS
Other loan assets with sUSDS as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| sUSDS / USDTEthereum · LLTV 96.5% | 4.14% | 4.53% |
| sUSDS / USDTEthereum · LLTV 96.5% | 4.07% | 4.50% |
| sUSDS / USDT0Arbitrum · LLTV 94.5% | 1.87% | 2.87% |
| sUSDS / USDCArbitrum · LLTV 94.5% | 2.59% | 2.88% |
| sUSDS / AUSDEthereum · LLTV 94.5% | 10.81% | 11.84% |
