wSPYx / AUSD on Ethereum
A Morpho market on Ethereum where people borrow AUSD against wSPYx. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 33.85% a year and borrowers pay 36.83% right now.
Data from Morpho's API · updated
Borrow APY
36.83%
30-day average 17.56%
Supply APY
33.85%
30-day average 15.30%
Supplied
$7.1K
7.11K AUSD
Borrowed
$6.6K
93.0% utilization
Available to borrow
$498
free liquidity right now
Collateral posted
$479K
621.12 wSPYx
wSPYx / AUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
wSPYx / AUSD 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 17.98% 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 wSPYx collateral could be liquidated if its price fell by each amount
Based on today's loans and today's wSPYx price in AUSD. 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 |
| wSPYx price in AUSD | 765.60 AUSDthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracle0x01Fd…bAC5 |
| Price feeds | 0x46fd…4E14 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | AUSDprice $0.9991 |
|---|---|
| Collateral | wSPYxprice $771 |
| Borrowers | 17 |
| Created | April 16, 2026 |
| Market ID | 0xbf043256…2c74fc |
| Rate model | 0x870a…00BC |
| wSPYx token | 0xc88F…4c02 |
| AUSD token | 0x0000…012a |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
17 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xCC1A…5A56 | $3.9K | 1.64 |
| 0x614A…0fb7 | $1.0K | 1.90 |
| 0x26FA…152F | $578 | 1.51 |
| 0xc37c…3C36 | $520 | 3.29 |
| 0xf1BA…f1D6 | $368 | 1.22 |
| 0xc2B1…0b51 | $126 | 1.39 |
| 0x7372…1838 | $21.00 | 2.12 |
| 0x2F4B…3189 | $10.00 | 1.66 |
| 0x0395…bfB2 | $9.00 | 1.83 |
| 0xf5d0…F658 | $6.00 | 1.41 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
3 in the last 30 days, $34.54 of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $8.308.30 AUSD | 0x1e4c…5128 | |
| $16.8716.89 AUSD | 0x1e4c…5128 | |
| $9.379.38 AUSD | 0x88d4…b107 |
About the wSPYx / AUSD market
The wSPYx / AUSD market on Ethereum was created on April 16, 2026. Anyone can lend AUSD into it, and anyone holding wSPYx can borrow that AUSD against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $7.1K is supplied and $6.6K borrowed, so 93.0% of the market is in use, backed by $479K of wSPYx from 17 borrowers. Borrowers pay 36.83% a year, 17.56% on average over the last 30 days. Lenders earn 33.85%.
No listed vault lends to this market right now, so its supply comes from direct lenders. Liquidators who close an unsafe loan here receive a 4.38% bonus in wSPYx. If wSPYx fell 20% against AUSD, about $524 of collateral would be at risk of liquidation. 3 loans were liquidated here in the last 30 days.
wSPYx / AUSD on Ethereum: quick answers
What is the AUSD borrow rate against wSPYx on Morpho Ethereum?
In this market it is 36.83% a year right now, and it averaged 17.56% over the last 30 days. The rate is variable: it follows how much of the market's AUSD is borrowed, rising quickly above 90%.
When are wSPYx / AUSD 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 wSPYx worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if wSPYx fell to about 445.12 AUSD.
How much AUSD can be borrowed here right now?
$498 is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the wSPYx / AUSD market?
Lenders earn 33.85% a year right now (15.30% averaged over 30 days). No listed vault lends here, so the supply comes from people lending directly.