UBTC / USDHL on HyperEVM
A Morpho market on HyperEVM where people borrow USDHL against UBTC. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 15.67% a year and borrowers pay 25.81% right now.
Data from Morpho's API · updated
Borrow APY
25.81%
30-day average 55.52%
Supply APY
15.67%
30-day average 38.28%
Supplied
$1.5K
1.45K USDHL
Borrowed
$921
63.4% utilization
Available to borrow
$531
free liquidity right now
Collateral posted
$23.5K
0.327 UBTC
UBTC / USDHL rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
UBTC / 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 34.31% 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 UBTC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's UBTC price in USDHL. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 77%fixed for the life of the market |
|---|---|
| Liquidation bonus | 7.41%extra collateral a liquidator receives |
| UBTC price in USDHL | 71.72K USDHLthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xd1c4…c686 |
| Price feeds | 0x7d05…Ad5A |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDHLprice $0.9997 |
|---|---|
| Collateral | UBTCprice $71.8K |
| Borrow APY, last year | 23.62% |
| Borrowers | 40 |
| Created | June 9, 2025 |
| Market ID | 0x87272614…53721d |
| Rate model | 0xD4a4…7483 |
| UBTC token | 0x9FDB…3463 |
| 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 |
|---|---|---|
| 0x894b…558D | $608 | 21.25 |
| 0xCc6c…296C | $307 | 1.32 |
| 0x689A…61f0 | $4.00 | 1.02 |
| 0x1C37…5123 | $2.00 | 1.17 |
| 0x2437…d4DC | $1.00 | 24.81 |
| 0x289D…eFf4 | $0 | 2.45 |
| 0x66fc…b2f6 | $0 | 1.10 |
| 0x43dc…58A7 | $0 | 19.82 |
| 0x76CC…2e41 | $0 | >99 |
| 0xb0DA…317a | $0 | 71.50 |
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, $3.58 of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $3.583.59 USDHL | 0x76da…64c2 | |
| $2.042.05 USDHL | 0xb1a5…d276 |
About the UBTC / USDHL market
The UBTC / USDHL market on HyperEVM was created on June 9, 2025. Anyone can lend USDHL into it, and anyone holding UBTC can borrow that USDHL against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $1.5K is supplied and $921 borrowed, so 63.4% of the market is in use, backed by $23.5K of UBTC from 40 borrowers. Borrowers pay 25.81% a year, 55.52% on average over the last 30 days and 23.62% over the last year. Lenders earn 15.67%.
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 7.41% bonus in UBTC. If UBTC fell 20% against USDHL, about $9.00 of collateral would be at risk of liquidation. 1 loan was liquidated here in the last 30 days.
UBTC / USDHL on HyperEVM: quick answers
What is the USDHL borrow rate against UBTC on Morpho HyperEVM?
In this market it is 25.81% a year right now, and it averaged 55.52% 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 UBTC / USDHL loans liquidated?
When a loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes UBTC worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if UBTC fell to about 46.57K USDHL.
How much USDHL can be borrowed here right now?
$531 is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the UBTC / USDHL market?
Lenders earn 15.67% a year right now (38.28% averaged over 30 days). No listed vault lends here, so the supply comes from people lending directly.
More ways to borrow against UBTC
Other loan assets with UBTC as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| UBTC / USD₮0HyperEVM · LLTV 77% | 6.97% | 8.00% |
| UBTC / USDCHyperEVM · LLTV 77% | 4.64% | 5.73% |
| UBTC / USDeHyperEVM · LLTV 77% | 7.35% | 8.58% |
| UBTC / USD₮0HyperEVM · LLTV 86% | 7.34% | 8.18% |
