lstHYPE / WHYPE on HyperEVM
A Morpho market on HyperEVM where people borrow WHYPE against lstHYPE. A loan can be liquidated once it reaches 91.5% of the collateral's value. Lenders earn 3.04% a year and borrowers pay 3.47% right now.
Data from Morpho's API · updated
Borrow APY
3.47%
30-day average 3.56%
Supply APY
3.04%
30-day average 2.88%
Supplied
$1.06M
14.95K WHYPE
Borrowed
$935K
87.9% utilization
Available to borrow
$129K
free liquidity right now
Collateral posted
$1.47M
19.67K lstHYPE
lstHYPE / WHYPE rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
lstHYPE / 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 3.53% 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 lstHYPE collateral could be liquidated if its price fell by each amount
Based on today's loans and today's lstHYPE 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 |
| lstHYPE price in WHYPE | 1.05 WHYPEthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x88C0…3263 |
| Price feeds | 0xA569…b912 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | WHYPEprice $71.21 |
|---|---|
| Collateral | lstHYPEprice $74.91 |
| Borrow APY, last year | 7.05% |
| Borrowers | 17 |
| Created | October 24, 2025 |
| Market ID | 0x0e5172ee…e3da3d |
| Rate model | 0xD4a4…7483 |
| lstHYPE token | 0x81e0…2A76 |
| WHYPE token | 0x5555…5555 |
Vaults lending here
$573K of the $1.06M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| MEV Capital HYPElends directly | $573K |
Largest borrowers
17 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x9466…40FF | $480K | 1.12 |
| 0x3290…0D98 | $288K | 1.06 |
| 0xc823…2Af1 | $155K | 1.06 |
| 0x8C10…ddbf | $23.2K | 1.45 |
| 0x0BA5…3E4e | $309 | 1.09 |
| 0x2CB5…F673 | $39.00 | 1.00 |
| 0xF06f…8B6A | $14.00 | 1.00 |
| 0x22D5…21Bc | $4.00 | 1.09 |
| 0xE697…A0BE | $3.00 | 1.07 |
| 0xEAE0…d764 | $0 | 1.01 |
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 lstHYPE / WHYPE market
The lstHYPE / WHYPE market on HyperEVM was created on October 24, 2025. Anyone can lend WHYPE into it, and anyone holding lstHYPE 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 $1.06M is supplied and $935K borrowed, so 87.9% of the market is in use, backed by $1.47M of lstHYPE from 17 borrowers. Borrowers pay 3.47% a year, 3.56% on average over the last 30 days and 7.05% over the last year. Lenders earn 3.04%.
1 listed vault lends here, providing $573K of the supply; the largest is MEV Capital HYPE. Liquidators who close an unsafe loan here receive a 2.62% bonus in lstHYPE. If lstHYPE fell 20% against WHYPE, about $1.10M of collateral would be at risk of liquidation.
lstHYPE / WHYPE on HyperEVM: quick answers
What is the WHYPE borrow rate against lstHYPE on Morpho HyperEVM?
In this market it is 3.47% a year right now, and it averaged 3.56% 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 are lstHYPE / WHYPE loans liquidated?
When a loan reaches 91.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes lstHYPE worth 2.62% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if lstHYPE fell to about 0.575 WHYPE.
How much WHYPE can be borrowed here right now?
$129K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the lstHYPE / WHYPE market?
Lenders earn 3.04% a year right now (2.88% averaged over 30 days). Most lend through vaults, such as MEV Capital HYPE, which spread deposits across several markets.