wstETH / wARS on Ethereum
A Morpho market on Ethereum where people borrow wARS against wstETH. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 21.40% a year and borrowers pay 24.38% right now.
Data from Morpho's API · updated
Borrow APY
24.38%
30-day average 27.13%
Supply APY
21.40%
30-day average 24.00%
Supplied
$44.2K
70.97M wARS
Borrowed
$39.3K
88.9% utilization
Available to borrow
$4.9K
free liquidity right now
Collateral posted
$107K
31.89 wstETH
wstETH / wARS rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
wstETH / 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 24.61% 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 wstETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's wstETH 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 |
| wstETH price in wARS | 5.37M wARS |
| Oracle | ChainlinkOracleV20xa8Cf…70eC |
| Price feeds | 0xe519…7873 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | wARSprice $0.0006 |
|---|---|
| Collateral | wstETHprice $3.3K |
| Borrowers | 2 |
| Created | August 14, 2026 |
| Market ID | 0x4173c7e5…6efa86 |
| Rate model | 0x870a…00BC |
| wstETH token | 0x7f39…2Ca0 |
| wARS token | 0x0DC4…D90D |
Vaults lending here
$44.2K of the $44.2K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| KPK wARS YieldV2lends directly | $44.2K |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xEa10…27B3 | $39.3K | 1.70 |
| 0xF0Cf…2A75 | $1.00 | 3.25 |
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 wstETH / wARS market
The wstETH / wARS market on Ethereum was created on August 14, 2026. Anyone can lend wARS into it, and anyone holding wstETH 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 $44.2K is supplied and $39.3K borrowed, so 88.9% of the market is in use, backed by $107K of wstETH from 2 borrowers. Borrowers pay 24.38% a year, 27.13% on average over the last 30 days. Lenders earn 21.40%.
1 listed vault lends here, providing $44.2K of the supply; the largest is KPK wARS Yield. Liquidators who close an unsafe loan here receive a 12.68% bonus in wstETH.
wstETH / wARS on Ethereum: quick answers
What is the wARS borrow rate against wstETH on Morpho Ethereum?
In this market it is 24.38% a year right now, and it averaged 27.13% 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 is a wstETH / wARS loan liquidated?
When the loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes wstETH worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if wstETH fell to about 4.29M wARS.
How much wARS can be borrowed here right now?
$4.9K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the wstETH / wARS market?
Lenders earn 21.40% a year right now (24.00% averaged over 30 days). Most lend through vaults, such as KPK wARS Yield, which spread deposits across several markets.
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% |
