thBILL / USD₮0 on HyperEVM
A Morpho market on HyperEVM where people borrow USD₮0 against thBILL. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 20.21% a year and borrowers pay 22.40% right now.
Data from Morpho's API · updated
Borrow APY
22.40%
30-day average 21.80%
Supply APY
20.21%
30-day average 18.06%
Supplied
$17.5K
17.50K USD₮0
Borrowed
$15.9K
91.1% utilization
Available to borrow
$1.6K
free liquidity right now
Collateral posted
$21.7K
21.42K thBILL
thBILL / USD₮0 rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
thBILL / USD₮0 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 16.61% 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 thBILL collateral could be liquidated if its price fell by each amount
Based on today's loans and today's thBILL price in USD₮0. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| thBILL price in USD₮0 | 1.01 USD₮0 |
| Oracle | ChainlinkOracleV20x9F6D…b585 |
| Price feeds | 0x3EbF…607b 0x4C89…82fD 0x5e21…D184 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USD₮0price $0.9997 |
|---|---|
| Collateral | thBILLprice $1.0140 |
| Borrow APY, last year | 10.20% |
| Borrowers | 27 |
| Created | August 20, 2025 |
| Market ID | 0xfbe436e9…cdb05e |
| Rate model | 0xD4a4…7483 |
| thBILL token | 0xfDD2…5A5a |
| USD₮0 token | 0xB8CE…5ebb |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
27 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xc013…dbA5 | $11.5K | 1.23 |
| 0xB7F0…C010 | $2.5K | 1.05 |
| 0xb53d…5568 | $942 | 1.01 |
| 0xCE53…34Bc | $557 | 1.12 |
| 0x07df…C263 | $177 | 1.19 |
| 0xcC54…Af73 | $118 | 1.09 |
| 0x0B2b…dFbF | $54.00 | 1.00 |
| 0x9377…B7e1 | $41.00 | 1.02 |
| 0x6103…90B0 | $11.00 | 1.66 |
| 0x8545…F6cE | $5.00 | 2.99 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
1 in the last 30 days, $19.63 of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $19.6319.64 USD₮0 | 0x5b79…f8c8 |
About the thBILL / USD₮0 market
The thBILL / USD₮0 market on HyperEVM was created on August 20, 2025. Anyone can lend USD₮0 into it, and anyone holding thBILL can borrow that USD₮0 against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $17.5K is supplied and $15.9K borrowed, so 91.1% of the market is in use, backed by $21.7K of thBILL from 27 borrowers. Borrowers pay 22.40% a year, 21.80% on average over the last 30 days and 10.20% over the last year. Lenders earn 20.21%.
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 4.38% bonus in thBILL. If thBILL fell 20% against USD₮0, about $21.3K of collateral would be at risk of liquidation. 1 loan was liquidated here in the last 30 days.
thBILL / USD₮0 on HyperEVM: quick answers
What is the USD₮0 borrow rate against thBILL on Morpho HyperEVM?
In this market it is 22.40% a year right now, and it averaged 21.80% over the last 30 days. The rate is variable: it follows how much of the market's USD₮0 is borrowed, rising quickly above 90%.
When is a thBILL / USD₮0 loan liquidated?
When the loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes thBILL worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if thBILL fell to about 0.590 USD₮0.
How much USD₮0 can be borrowed here right now?
$1.6K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the thBILL / USD₮0 market?
Lenders earn 20.21% a year right now (18.06% averaged over 30 days). Most lend through vaults, which spread deposits across several markets.