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 1.95% a year and borrowers pay 2.41% right now.
Data from Morpho's API · updated
Borrow APY
2.41%
30-day average 3.88%
Supply APY
1.95%
30-day average 2.84%
Supplied
$66.2K
110.09M wARS
Borrowed
$53.6K
80.9% utilization
Available to borrow
$12.6K
free liquidity right now
Collateral posted
$102K
91.26K 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 2.61% 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 | 1.86K wARSthe market's oracle, which liquidations follow |
| 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 $1.1160 |
| Borrowers | 6 |
| Created | August 14, 2026 |
| Market ID | 0x8cfa4c43…38dd3d |
| Rate model | 0x870a…00BC |
| sUSDS token | 0xa393…7fbD |
| wARS token | 0x0DC4…D90D |
Vaults lending here
$66.2K of the $66.2K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| KPK wARS YieldV2lends directly | $66.2K |
Largest borrowers
6 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x272C…2e2c | $37.3K | 1.12 |
| 0xDDd0…F358 | $8.5K | 1.47 |
| 0x358e…525F | $5.9K | 1.09 |
| 0x3BBD…A25f | $1.8K | 1.22 |
| 0xEa7D…ED16 | $262 | 1.14 |
| 0xF0Cf…2A75 | $1.00 | 2.28 |
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 $66.2K is supplied and $53.6K borrowed, so 80.9% of the market is in use, backed by $102K of sUSDS from 6 borrowers. Borrowers pay 2.41% a year, 3.88% on average over the last 30 days. Lenders earn 1.95%.
1 listed vault lends here, providing $66.2K of the supply; the largest is KPK wARS Yield. Liquidators who close an unsafe loan here receive a 12.68% bonus in sUSDS. If sUSDS fell 20% against wARS, about $81.8K of collateral would be at risk of liquidation.
sUSDS / wARS on Ethereum: quick answers
What is the wARS borrow rate against sUSDS on Morpho Ethereum?
In this market it is 2.41% a year right now, and it averaged 3.88% 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 are sUSDS / wARS loans liquidated?
When a 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 1.49K wARS.
How much wARS can be borrowed here right now?
$12.6K 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 1.95% a year right now (2.84% 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% | 3.15% | 3.49% |
| sUSDS / USDTEthereum · LLTV 96.5% | 3.00% | 3.66% |
| sUSDS / USDT0Arbitrum · LLTV 94.5% | 3.24% | 3.63% |
| sUSDS / USDCArbitrum · LLTV 94.5% | 3.35% | 3.71% |
