v-wmtUSDT / USDT on Ethereum
A Morpho market on Ethereum where people borrow USDT against v-wmtUSDT. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 6.60% a year and borrowers pay 7.35% right now.
Data from Morpho's API · updated
Borrow APY
7.35%
30-day average 7.67%
Supply APY
6.60%
30-day average 7.05%
Supplied
$3.51M
3.51M USDT
Borrowed
$3.16M
90.2% utilization
Available to borrow
$345K
free liquidity right now
Collateral posted
$3.91M
3.33M v-wmtUSDT
v-wmtUSDT / USDT rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
v-wmtUSDT / USDT 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 7.00% 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 v-wmtUSDT collateral could be liquidated if its price fell by each amount
Based on today's loans and today's v-wmtUSDT price in USDT. 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 |
| v-wmtUSDT price in USDT | 1.17 USDT |
| Oracle | ChainlinkOracleV20x606A…Ee26 |
| Price feeds | 0xA183…01dd |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDTprice $0.9998 |
|---|---|
| Collateral | v-wmtUSDTprice $1.1740 |
| Borrowers | 3 |
| Created | August 24, 2026 |
| Market ID | 0x93960959…87f2c3 |
| Rate model | 0x870a…00BC |
| v-wmtUSDT token | 0x82c3…d0c1 |
| USDT token | 0xdAC1…1ec7 |
Vaults lending here
$3.50M of the $3.51M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Wintermute USDT SelectV2lends directly | $3.50M |
Largest borrowers
3 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x4e89…bd52 | $1.99M | 1.07 |
| 0xF0FE…18AE | $1.17M | 1.06 |
| 0xB917…84a8 | $0 | 2.19 |
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 v-wmtUSDT / USDT market
The v-wmtUSDT / USDT market on Ethereum was created on August 24, 2026. Anyone can lend USDT into it, and anyone holding v-wmtUSDT can borrow that USDT against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $3.51M is supplied and $3.16M borrowed, so 90.2% of the market is in use, backed by $3.91M of v-wmtUSDT from 3 borrowers. Borrowers pay 7.35% a year, 7.67% on average over the last 30 days. Lenders earn 6.60%.
1 listed vault lends here, providing $3.50M of the supply; the largest is Wintermute USDT Select. Liquidators who close an unsafe loan here receive a 4.38% bonus in v-wmtUSDT. If v-wmtUSDT fell 20% against USDT, about $3.91M of collateral would be at risk of liquidation.
v-wmtUSDT / USDT on Ethereum: quick answers
What is the USDT borrow rate against v-wmtUSDT on Morpho Ethereum?
In this market it is 7.35% a year right now, and it averaged 7.67% over the last 30 days. The rate is variable: it follows how much of the market's USDT is borrowed, rising quickly above 90%.
When is a v-wmtUSDT / USDT 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 v-wmtUSDT worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if v-wmtUSDT fell to about 0.683 USDT.
How much USDT can be borrowed here right now?
$345K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the v-wmtUSDT / USDT market?
Lenders earn 6.60% a year right now (7.05% averaged over 30 days). Most lend through vaults, such as Wintermute USDT Select, which spread deposits across several markets.