WHYPE / USDHL on HyperEVM
A Morpho market on HyperEVM where people borrow USDHL against WHYPE. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 96.92% a year and borrowers pay 99.08% right now.
Data from Morpho's API · updated
Borrow APY
99.08%
30-day average 22.62%
Supply APY
96.92%
30-day average 22.00%
Supplied
$5.2K
5.16K USDHL
Borrowed
$5.1K
98.4% utilization
Available to borrow
$82.00
free liquidity right now
Collateral posted
$58.5K
634.41 WHYPE
WHYPE / USDHL rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
WHYPE / 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 22.47% 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 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 |
| WHYPE price in USDHL | 92.22 USDHL |
| Oracle | ChainlinkOracleV20x15Cc…e7e7 |
| Price feeds | 0xa8a9…aa43 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDHLprice $0.9999 |
|---|---|
| Collateral | WHYPEprice $92.21 |
| Borrow APY, last year | 14.79% |
| Borrowers | 201 |
| Created | June 9, 2025 |
| Market ID | 0x96c7abf7…c86909 |
| Rate model | 0xD4a4…7483 |
| WHYPE token | 0x5555…5555 |
| USDHL token | 0xb50A…2BD5 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
201 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xFa2e…1a67 | $2.4K | 2.54 |
| 0x6140…97bd | $1.8K | 4.90 |
| 0xbE8C…52CA | $300 | 19.17 |
| 0xfFdb…5137 | $261 | 5.29 |
| 0x832E…B344 | $141 | 4.08 |
| 0x61F7…E1a1 | $116 | 2.60 |
| 0x4b9c…f0fF | $35.00 | 8.12 |
| 0x428B…D63a | $12.00 | 4.89 |
| 0xb957…a403 | $12.00 | 4.91 |
| 0x7677…4337 | $12.00 | 4.93 |
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
| When | Debt repaid | Transaction |
|---|---|---|
| $31.9131.91 USDHL | 0xd8a0…55da |
About the WHYPE / USDHL market
The WHYPE / USDHL market on HyperEVM was created on June 9, 2025. Anyone can lend USDHL into it, and anyone holding WHYPE 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 $5.2K is supplied and $5.1K borrowed, so 98.4% of the market is in use, backed by $58.5K of WHYPE from 201 borrowers. Borrowers pay 99.08% a year, 22.62% on average over the last 30 days and 14.79% over the last year. Lenders earn 96.92%.
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 WHYPE.
WHYPE / USDHL on HyperEVM: quick answers
What is the USDHL borrow rate against WHYPE on Morpho HyperEVM?
In this market it is 99.08% a year right now, and it averaged 22.62% 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 is a WHYPE / USDHL loan liquidated?
When the loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes WHYPE worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if WHYPE fell to about 73.78 USDHL.
How much USDHL can be borrowed here right now?
$82.00 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 / USDHL market?
Lenders earn 96.92% a year right now (22.00% averaged over 30 days). Most lend through vaults, which spread deposits across several markets.
More ways to borrow against WHYPE
Other loan assets with WHYPE as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| WHYPE / USDCHyperEVM · LLTV 77% | 4.23% | 5.50% |
| WHYPE / USD₮0HyperEVM · LLTV 62.5% | 15.51% | 16.68% |
| WHYPE / USDCHyperEVM · LLTV 62.5% | 4.15% | 5.51% |
| WHYPE / USD₮0HyperEVM · LLTV 77% | 15.53% | 16.68% |
| WHYPE / USDeHyperEVM · LLTV 62.5% | 5.85% | 7.40% |
| WHYPE / USD₮0HyperEVM · LLTV 77% | 3.06% | 3.96% |
