cmETH / UETH on HyperEVM
A Morpho market on HyperEVM where people borrow UETH against cmETH. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 0.15% a year and borrowers pay 0.18% right now.
Data from Morpho's API · updated
Borrow APY
0.18%
30-day average 0.18%
Supply APY
0.15%
30-day average 0.16%
Supplied
$50.7K
18.90 UETH
Borrowed
$44.0K
86.7% utilization
Available to borrow
$6.7K
free liquidity right now
Collateral posted
$63.3K
21.48 cmETH
cmETH / UETH rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
cmETH / UETH 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 0.17% 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 cmETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's cmETH price in UETH. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 91.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 2.62%extra collateral a liquidator receives |
| cmETH price in UETH | 1.10 UETH |
| Oracle | ChainlinkOracleV20x7f89…41a6 |
| Price feeds | 0x5C4c…e48f |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | UETHprice $2.7K |
|---|---|
| Collateral | cmETHprice $2.9K |
| Borrow APY, last year | 1.39% |
| Borrowers | 160 |
| Created | May 23, 2025 |
| Market ID | 0x19bbcc95…6887dc |
| Rate model | 0xD4a4…7483 |
| cmETH token | 0xE682…e8fA |
| UETH token | 0xBe67…7907 |
Vaults lending here
$50.7K of the $50.7K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Gauntlet uETH Vaultlends directly | $50.7K |
Largest borrowers
160 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x0c73…6108 | $10.4K | 1.29 |
| 0x2De4…Af25 | $6.0K | 1.45 |
| 0xe36E…7F45 | $5.3K | 1.16 |
| 0xB7F0…C010 | $2.0K | 1.22 |
| 0x1147…Df5C | $2.0K | 1.01 |
| 0xDb6A…D213 | $1.6K | 1.02 |
| 0x4256…3a4C | $1.4K | 1.24 |
| 0xca8A…DF3B | $1.1K | 1.01 |
| 0xdDaA…6CD8 | $1.0K | 1.15 |
| 0x20a1…709b | $957 | 1.04 |
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 cmETH / UETH market
The cmETH / UETH market on HyperEVM was created on May 23, 2025. Anyone can lend UETH into it, and anyone holding cmETH can borrow that UETH against it, up to a loan-to-value of 91.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $50.7K is supplied and $44.0K borrowed, so 86.7% of the market is in use, backed by $63.3K of cmETH from 160 borrowers. Borrowers pay 0.18% a year, 0.18% on average over the last 30 days and 1.39% over the last year. Lenders earn 0.15%.
1 listed vault lends here, providing $50.7K of the supply; the largest is Gauntlet uETH Vault. Liquidators who close an unsafe loan here receive a 2.62% bonus in cmETH. If cmETH fell 20% against UETH, about $26.9K of collateral would be at risk of liquidation.
cmETH / UETH on HyperEVM: quick answers
What is the UETH borrow rate against cmETH on Morpho HyperEVM?
In this market it is 0.18% a year right now, and it averaged 0.18% over the last 30 days. The rate is variable: it follows how much of the market's UETH is borrowed, rising quickly above 90%.
When is a cmETH / UETH loan liquidated?
When the loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes cmETH worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cmETH fell to about 0.600 UETH.
How much UETH can be borrowed here right now?
$6.7K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the cmETH / UETH market?
Lenders earn 0.15% a year right now (0.16% averaged over 30 days). Most lend through vaults, such as Gauntlet uETH Vault, which spread deposits across several markets.