WHYPE / USDC on HyperEVM
A Morpho market on HyperEVM where people borrow USDC against WHYPE. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 4.23% a year and borrowers pay 5.50% right now.
Data from Morpho's API · updated
Borrow APY
5.50%
30-day average 7.01%
Supply APY
4.23%
30-day average 5.95%
Supplied
$13.51M
13.52M USDC
Borrowed
$10.47M
77.4% utilization
Available to borrow
$3.05M
free liquidity right now
Collateral posted
$28.90M
314.19K WHYPE
WHYPE / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
WHYPE / USDC 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 6.16% 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 WHYPE collateral could be liquidated if its price fell by each amount
Based on today's loans and today's WHYPE price in USDC. 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 |
| WHYPE price in USDC | 92.22 USDC |
| Oracle | ChainlinkOracleV20x194F…4f31 |
| Price feeds | 0xa8a9…aa43 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | WHYPEprice $92.21 |
| Borrowers | 139 |
| Created | December 1, 2025 |
| Market ID | 0xd7d38220…9c59a8 |
| Rate model | 0xD4a4…7483 |
| WHYPE token | 0x5555…5555 |
| USDC token | 0xb883…630f |
Vaults lending here
$5.12M of the $13.51M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Felix USDC V2V2lends directly | $3.05M |
| K3 USDCV2lends directly | $2.06M |
| Felix USDClends directly | $1.9K |
Largest borrowers
139 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xF517…c032 | $2.28M | 2.22 |
| 0x8463…33f2 | $1.47M | 1.93 |
| 0x29B6…DD73 | $1.41M | 2.14 |
| 0x3da3…30a0 | $1.26M | 1.43 |
| 0x482B…cae4 | $568K | 1.76 |
| 0x563b…7DC4 | $442K | 3.25 |
| 0xa592…fBFA | $410K | 2.85 |
| 0xC5EA…099c | $396K | 5.44 |
| 0xAcEE…b330 | $341K | 1.47 |
| 0xaBa0…02c0 | $324K | 2.14 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
4 in the last 30 days, $8.5K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $2.3K2.28K USDC | 0xf5b8…ebec | |
| $688688.37 USDC | 0x74dd…d779 | |
| $5.5K5.50K USDC | 0x50a6…744a | |
| $30.5030.50 USDC | 0x334e…cf99 | |
| $7.6K7.59K USDC | 0x9b30…37b6 | |
| $27.1727.17 USDC | 0xcb57…ad39 | |
| $26.3426.35 USDC | 0x0061…9d2f | |
| $61.9861.98 USDC | 0x1b91…2ddc | |
| $120120.21 USDC | 0xcaa6…781c | |
| $4.0K4.01K USDC | 0x4392…c31d |
About the WHYPE / USDC market
The WHYPE / USDC market on HyperEVM was created on December 1, 2025. Anyone can lend USDC into it, and anyone holding WHYPE can borrow that USDC against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $13.51M is supplied and $10.47M borrowed, so 77.4% of the market is in use, backed by $28.90M of WHYPE from 139 borrowers. Borrowers pay 5.50% a year, 7.01% on average over the last 30 days. Lenders earn 4.23%.
3 listed vaults lend here, providing $5.12M of the supply; the largest are Felix USDC V2, K3 USDC and Felix USDC. Liquidators who close an unsafe loan here receive a 7.41% bonus in WHYPE. If WHYPE fell 20% against USDC, about $603K of collateral would be at risk of liquidation. 4 loans were liquidated here in the last 30 days.
WHYPE / USDC 77% on HyperEVM: quick answers
What is the USDC borrow rate against WHYPE on Morpho HyperEVM?
In this market it is 5.50% a year right now, and it averaged 7.01% over the last 30 days. The rate is variable: it follows how much of the market's USDC is borrowed, rising quickly above 90%.
When is a WHYPE / USDC loan liquidated?
When the loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes WHYPE worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if WHYPE fell to about 59.89 USDC.
How much USDC can be borrowed here right now?
$3.05M is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the WHYPE / USDC market?
Lenders earn 4.23% a year right now (5.95% averaged over 30 days). Most lend through vaults, such as Felix USDC V2, K3 USDC and Felix USDC, which spread deposits across several markets.
Other WHYPE / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| WHYPE / USDCHyperEVM · LLTV 62.5% | 4.15% | 5.51% |
More ways to borrow against WHYPE
Other loan assets with WHYPE as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| WHYPE / USD₮0HyperEVM · LLTV 62.5% | 15.51% | 16.68% |
| WHYPE / USD₮0HyperEVM · LLTV 77% | 15.53% | 16.68% |
| WHYPE / USDeHyperEVM · LLTV 62.5% | 5.85% | 7.40% |
| WHYPE / USDHLHyperEVM · LLTV 62.5% | 96.92% | 99.08% |
| WHYPE / USD₮0HyperEVM · LLTV 77% | 3.06% | 3.96% |
