hbHYPE / WHYPE on HyperEVM
A Morpho market on HyperEVM where people borrow WHYPE against hbHYPE. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 12.35% a year and borrowers pay 13.51% right now.
Data from Morpho's API · updated
Borrow APY
13.51%
30-day average 8.55%
Supply APY
12.35%
30-day average 7.94%
Supplied
$29.2K
317.05 WHYPE
Borrowed
$26.8K
91.9% utilization
Available to borrow
$2.4K
free liquidity right now
Collateral posted
$45.6K
480.78 hbHYPE
hbHYPE / WHYPE rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
hbHYPE / WHYPE 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 8.43% 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 hbHYPE collateral could be liquidated if its price fell by each amount
Based on today's loans and today's hbHYPE price in WHYPE. 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 |
| hbHYPE price in WHYPE | 1.03 WHYPE |
| Oracle | ChainlinkOracleV20x4001…8A51 |
| Price feeds | 0xDb92…a601 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | WHYPEprice $92.21 |
|---|---|
| Collateral | hbHYPEprice $94.94 |
| Borrow APY, last year | 6.62% |
| Borrowers | 139 |
| Created | July 19, 2025 |
| Market ID | 0x19e47d37…0d07e8 |
| Rate model | 0xD4a4…7483 |
| hbHYPE token | 0x96C6…B1FB |
| WHYPE token | 0x5555…5555 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
139 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x9c19…809a | $6.6K | 1.04 |
| 0x0D5E…Bd4D | $4.2K | 2.05 |
| 0x405b…4f64 | $3.7K | 1.07 |
| 0xa777…3Fa2 | $2.8K | 1.09 |
| 0x7112…7fe9 | $2.8K | 1.03 |
| 0x0Ddb…cc0b | $2.1K | 1.01 |
| 0xE630…9215 | $2.0K | 1.30 |
| 0x0533…f177 | $666 | 1.25 |
| 0xfe03…17B6 | $587 | 1.01 |
| 0x7E15…F12B | $411 | 1.08 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
2 in the last 30 days, $1.1K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $1111.20 WHYPE | 0xee83…8c04 | |
| $1.0K10.95 WHYPE | 0xc7d4…4394 | |
| $1.130.0122 WHYPE | 0xbac8…24e8 | |
| $1.4K15.09 WHYPE | 0x0994…6292 | |
| $21.420.232 WHYPE | 0x28df…e04b | |
| $1.2K12.51 WHYPE | 0xdae6…4baa |
About the hbHYPE / WHYPE market
The hbHYPE / WHYPE market on HyperEVM was created on July 19, 2025. Anyone can lend WHYPE into it, and anyone holding hbHYPE can borrow that WHYPE 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 $29.2K is supplied and $26.8K borrowed, so 91.9% of the market is in use, backed by $45.6K of hbHYPE from 139 borrowers. Borrowers pay 13.51% a year, 8.55% on average over the last 30 days and 6.62% over the last year. Lenders earn 12.35%.
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 2.62% bonus in hbHYPE. If hbHYPE fell 20% against WHYPE, about $22.8K of collateral would be at risk of liquidation. 2 loans were liquidated here in the last 30 days.
hbHYPE / WHYPE on HyperEVM: quick answers
What is the WHYPE borrow rate against hbHYPE on Morpho HyperEVM?
In this market it is 13.51% a year right now, and it averaged 8.55% over the last 30 days. The rate is variable: it follows how much of the market's WHYPE is borrowed, rising quickly above 90%.
When is a hbHYPE / WHYPE 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 hbHYPE worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if hbHYPE fell to about 0.563 WHYPE.
How much WHYPE can be borrowed here right now?
$2.4K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the hbHYPE / WHYPE market?
Lenders earn 12.35% a year right now (7.94% averaged over 30 days). Most lend through vaults, which spread deposits across several markets.