kHYPE / USDHL on HyperEVM
A Morpho market on HyperEVM where people borrow USDHL against kHYPE. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 11.45% a year and borrowers pay 19.57% right now.
Data from Morpho's API · updated
Borrow APY
19.57%
30-day average 91.46%
Supply APY
11.45%
30-day average 69.16%
Supplied
$7.2K
7.21K USDHL
Borrowed
$4.4K
60.7% utilization
Available to borrow
$2.8K
free liquidity right now
Collateral posted
$26.9K
369.64 kHYPE
kHYPE / USDHL rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
kHYPE / USDHL 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 26.68% 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 kHYPE collateral could be liquidated if its price fell by each amount
Based on today's loans and today's kHYPE price in USDHL. 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 |
| kHYPE price in USDHL | 73.16 USDHLthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xf3c2…f225 |
| Price feeds | 0x8272…5594 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDHLprice $0.9997 |
|---|---|
| Collateral | kHYPEprice $72.68 |
| Borrow APY, last year | 24.68% |
| Borrowers | 40 |
| Created | July 15, 2025 |
| Market ID | 0xc0a3063a…4e17c5 |
| Rate model | 0xD4a4…7483 |
| kHYPE token | 0xfD73…296D |
| USDHL token | 0xb50A…2BD5 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
40 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x6824…AFb1 | $3.9K | 3.33 |
| 0x2184…77e4 | $390 | 3.72 |
| 0xAe6f…7c67 | $65.00 | 17.74 |
| 0x82d9…6299 | $18.00 | 3.94 |
| 0x2E10…9105 | $13.00 | 3.71 |
| 0x363D…0B9e | $9.00 | 5.41 |
| 0x6181…F5E9 | $4.00 | 6.65 |
| 0x60af…7741 | $1.00 | >99 |
| 0x4838…4390 | $0 | 2.56 |
| 0xAB95…5c65 | $0 | 3.08 |
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 kHYPE / USDHL market
The kHYPE / USDHL market on HyperEVM was created on July 15, 2025. Anyone can lend USDHL into it, and anyone holding kHYPE can borrow that USDHL 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 $7.2K is supplied and $4.4K borrowed, so 60.7% of the market is in use, backed by $26.9K of kHYPE from 40 borrowers. Borrowers pay 19.57% a year, 91.46% on average over the last 30 days and 24.68% over the last year. Lenders earn 11.45%.
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 12.68% bonus in kHYPE.
kHYPE / USDHL on HyperEVM: quick answers
What is the USDHL borrow rate against kHYPE on Morpho HyperEVM?
In this market it is 19.57% a year right now, and it averaged 91.46% over the last 30 days. The rate is variable: it follows how much of the market's USDHL is borrowed, rising quickly above 90%.
When are kHYPE / USDHL loans liquidated?
When a loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes kHYPE worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if kHYPE fell to about 58.52 USDHL.
How much USDHL can be borrowed here right now?
$2.8K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the kHYPE / USDHL market?
Lenders earn 11.45% a year right now (69.16% averaged over 30 days). No listed vault lends here, so the supply comes from people lending directly.
More ways to borrow against kHYPE
Other loan assets with kHYPE as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| kHYPE / USDCHyperEVM · LLTV 77% | 5.05% | 6.00%−0.60% rewards |
| kHYPE / USDCHyperEVM · LLTV 62.5% | 4.76% | 5.77% |
| kHYPE / USD₮0HyperEVM · LLTV 62.5% | 7.09% | 8.06% |
| kHYPE / WHYPEHyperEVM · LLTV 86% | 0.70% | 0.83% |
| kHYPE / USD₮0HyperEVM · LLTV 77% | 6.84% | 7.90% |
