weETH / RLUSD on Ethereum
A Morpho market on Ethereum where people borrow RLUSD against weETH. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 3.44% a year and borrowers pay 4.07% right now.
Data from Morpho's API · updated
Borrow APY
4.07%
30-day average 4.82%
Supply APY
3.44%
30-day average 4.23%
Supplied
$83.17M
83.18M RLUSD
Borrowed
$70.51M
84.8% utilization
Available to borrow
$12.66M
free liquidity right now
Collateral posted
$106.0M
47.58K weETH
weETH / RLUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
weETH / RLUSD 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 4.26% 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 weETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's weETH price in RLUSD. 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 |
| weETH price in RLUSD | 2.23K RLUSDthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x6ab3…110b |
| Price feeds | 0x5c9C…fF22 0x5f4e…8419 0x26C4…7f2A |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | RLUSDprice $0.9998 |
|---|---|
| Collateral | weETHprice $2.2K |
| Borrowers | 21 |
| Created | March 4, 2026 |
| Market ID | 0xea4bfb18…13cfd4 |
| Rate model | 0x870a…00BC |
| weETH token | 0xCd5f…b7ee |
| RLUSD token | 0x8292…17eD |
Vaults lending here
$83.13M of the $83.17M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Sentora RLUSD MainV2lends directly | $83.13M |
Largest borrowers
21 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xc936…45f3 | $29.46M | 1.27 |
| 0xf0bb…416C | $23.54M | 1.50 |
| 0x4F87…0545 | $6.27M | 1.42 |
| 0xa122…E7c6 | $4.12M | 1.47 |
| 0xAa34…5Dd5 | $2.41M | 1.13 |
| 0xA56d…846F | $1.78M | 1.55 |
| 0xfB97…658f | $902K | 1.24 |
| 0xCf7e…c904 | $713K | 1.38 |
| 0x6CC6…C4bD | $450K | 1.31 |
| 0x6723…FeF3 | $333K | 1.43 |
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, $395K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $395K394.69K RLUSD | 0x844c…e2cf |
About the weETH / RLUSD market
The weETH / RLUSD market on Ethereum was created on March 4, 2026. Anyone can lend RLUSD into it, and anyone holding weETH can borrow that RLUSD against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $83.17M is supplied and $70.51M borrowed, so 84.8% of the market is in use, backed by $106.0M of weETH from 21 borrowers. Borrowers pay 4.07% a year, 4.82% on average over the last 30 days. Lenders earn 3.44%.
1 listed vault lends here, providing $83.13M of the supply; the largest is Sentora RLUSD Main. Liquidators who close an unsafe loan here receive a 4.38% bonus in weETH. If weETH fell 20% against RLUSD, about $3.18M of collateral would be at risk of liquidation. 1 loan was liquidated here in the last 30 days.
weETH / RLUSD on Ethereum: quick answers
What is the RLUSD borrow rate against weETH on Morpho Ethereum?
In this market it is 4.07% a year right now, and it averaged 4.82% over the last 30 days. The rate is variable: it follows how much of the market's RLUSD is borrowed, rising quickly above 90%.
When are weETH / RLUSD loans liquidated?
When a loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes weETH worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if weETH fell to about 1.30K RLUSD.
How much RLUSD can be borrowed here right now?
$12.66M is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the weETH / RLUSD market?
Lenders earn 3.44% a year right now (4.23% averaged over 30 days). Most lend through vaults, such as Sentora RLUSD Main, which spread deposits across several markets.
More ways to borrow against weETH
Other loan assets with weETH as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| weETH / USDCEthereum · LLTV 86% | 4.47% | 5.31% |
| weETH / PYUSDEthereum · LLTV 86% | 4.29% | 4.96% |
| weETH / PYUSDStable · LLTV 86% | 3.22% | 3.58% |
| weETH / WETHEthereum · LLTV 94.5% | 3.02% | 3.30% |
| weETH / vbETHKatana · LLTV 91.5% | 1.82% | 2.04%−0.25% rewards |
| weETH / USDTEthereum · LLTV 86% | 2.97% | 3.63% |
