wstETH / EURCV on Ethereum
A Morpho market on Ethereum where people borrow EURCV against wstETH. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 1.73% a year and borrowers pay 1.94% right now.
Data from Morpho's API · updated
Borrow APY
1.94%
30-day average 2.03%
Supply APY
1.73%
30-day average 1.83%
Supplied
$2.19M
1.92M EURCV
Borrowed
$1.96M
89.4% utilization
Available to borrow
$231K
up to $1.31M with vault liquidity
Collateral posted
$5.29M
1.58K wstETH
wstETH / EURCV rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
wstETH / EURCV 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 1.94% 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 wstETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's wstETH price in EURCV. 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 |
| wstETH price in EURCV | 2.94K EURCV |
| Oracle | ChainlinkOracleV20x44D6…DD90 |
| Price feeds | 0x4F67…8e79 0x5f4e…8419 0xb49f…34C1 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | EURCVprice $1.1383 |
|---|---|
| Collateral | wstETHprice $3.3K |
| Borrow APY, last year | 1.49% |
| Borrowers | 40 |
| Created | July 2, 2024 |
| Market ID | 0x0b352b75…8a51d1 |
| Rate model | 0x870a…00BC |
| wstETH token | 0x7f39…2Ca0 |
| EURCV token | 0x5F78…5Ff2 |
Vaults lending here
$2.19M of the $2.19M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse Prime EURCVV2lends directly | $2.19M |
Largest borrowers
40 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x9f12…285c | $467K | 2.00 |
| 0x859C…F230 | $337K | 2.82 |
| 0x9828…5aFE | $255K | 2.67 |
| 0x7A2d…DeCA | $191K | 2.86 |
| 0x41D0…3600 | $178K | 1.93 |
| 0xB348…6091 | $106K | 1.93 |
| 0x54ca…2Db8 | $65.2K | 1.93 |
| 0xA629…2802 | $64.8K | 1.77 |
| 0x4453…8726 | $59.8K | 1.79 |
| 0x5497…5311 | $38.9K | 1.85 |
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
| When | Debt repaid | Transaction |
|---|---|---|
| $127111.80 EURCV | 0x648e…aa3f | |
| $13.5511.90 EURCV | 0xc260…bcb9 |
About the wstETH / EURCV market
The wstETH / EURCV market on Ethereum was created on July 2, 2024. Anyone can lend EURCV into it, and anyone holding wstETH can borrow that EURCV against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $2.19M is supplied and $1.96M borrowed, so 89.4% of the market is in use, backed by $5.29M of wstETH from 40 borrowers. Borrowers pay 1.94% a year, 2.03% on average over the last 30 days and 1.49% over the last year. Lenders earn 1.73%.
1 listed vault lends here, providing $2.19M of the supply; the largest is Steakhouse Prime EURCV. Liquidators who close an unsafe loan here receive a 4.38% bonus in wstETH.
wstETH / EURCV 86% (0b352b) on Ethereum: quick answers
What is the EURCV borrow rate against wstETH on Morpho Ethereum?
In this market it is 1.94% a year right now, and it averaged 2.03% over the last 30 days. The rate is variable: it follows how much of the market's EURCV is borrowed, rising quickly above 90%.
When is a wstETH / EURCV 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 wstETH worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if wstETH fell to about 1.71K EURCV.
How much EURCV can be borrowed here right now?
$231K is free in the market, and vaults can move in up to $1.08M more through Morpho's public allocator, for about $1.31M in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the wstETH / EURCV market?
Lenders earn 1.73% a year right now (1.83% averaged over 30 days). Most lend through vaults, such as Steakhouse Prime EURCV, which spread deposits across several markets.
Other wstETH / EURCV markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| wstETH / EURCVEthereum · LLTV 86% | 1.76% | 1.96% |
More ways to borrow against wstETH
Other loan assets with wstETH as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| wstETH / USDTEthereum · LLTV 86% | 4.37% | 4.81% |
| wstETH / WETHEthereum · LLTV 96.5% | 2.01% | 2.22% |
| wstETH / WETHMonad · LLTV 94.5% | 1.54%+1.50% rewards | 1.71% |
| wstETH / WETHEthereum · LLTV 94.5% | 1.62% | 1.82% |
| wstETH / USDCEthereum · LLTV 86% | 4.50% | 5.00% |
| wstETH / USDCEthereum · LLTV 86% | 4.57% | 5.08% |
