wstHYPE / USDC on HyperEVM
A Morpho market on HyperEVM where people borrow USDC against wstHYPE. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 4.48% a year and borrowers pay 4.97% right now.
Data from Morpho's API · updated
Borrow APY
4.97%
30-day average 6.25%
Supply APY
4.48%
30-day average 5.22%
Supplied
$255K
254.60K USDC
Borrowed
$230K
90.3% utilization
Available to borrow
$24.7K
free liquidity right now
Collateral posted
$732K
7.71K wstHYPE
wstHYPE / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
wstHYPE / 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 4.57% 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 wstHYPE collateral could be liquidated if its price fell by each amount
Based on today's loans and today's wstHYPE 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 |
| wstHYPE price in USDC | 94.89 USDC |
| Oracle | ChainlinkOracleV20xF2cB…Eb61 |
| Price feeds | 0x4cEC…6da0 0x4C89…82fD |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | wstHYPEprice $94.87 |
| Borrowers | 38 |
| Created | December 1, 2025 |
| Market ID | 0xcac72237…1b133b |
| Rate model | 0xD4a4…7483 |
| wstHYPE token | 0x94e8…CF38 |
| USDC token | 0xb883…630f |
Vaults lending here
$186K of the $255K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Felix USDClends directly | $113K |
| Felix USDC V2V2lends directly | $72.4K |
Largest borrowers
38 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x0792…5C4A | $79.4K | 1.40 |
| 0x6363…3fF8 | $41.0K | 2.25 |
| 0xCd2d…2739 | $38.7K | 1.75 |
| 0x3800…05C9 | $17.2K | 1.36 |
| 0xc040…8893 | $8.2K | 5.59 |
| 0xBc89…8a2a | $8.0K | 3.90 |
| 0x765E…b498 | $7.5K | 2.83 |
| 0x2b7D…3A73 | $6.9K | 1.66 |
| 0xc3C4…4F81 | $6.3K | 2.08 |
| 0x643e…45C7 | $4.6K | 5.00 |
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 wstHYPE / USDC market
The wstHYPE / USDC market on HyperEVM was created on December 1, 2025. Anyone can lend USDC into it, and anyone holding wstHYPE 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 $255K is supplied and $230K borrowed, so 90.3% of the market is in use, backed by $732K of wstHYPE from 38 borrowers. Borrowers pay 4.97% a year, 6.25% on average over the last 30 days. Lenders earn 4.48%.
2 listed vaults lend here, providing $186K of the supply; the largest are Felix USDC and Felix USDC V2. Liquidators who close an unsafe loan here receive a 7.41% bonus in wstHYPE.
wstHYPE / USDC on HyperEVM: quick answers
What is the USDC borrow rate against wstHYPE on Morpho HyperEVM?
In this market it is 4.97% a year right now, and it averaged 6.25% 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 wstHYPE / 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 wstHYPE worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if wstHYPE fell to about 61.61 USDC.
How much USDC can be borrowed here right now?
$24.7K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the wstHYPE / USDC market?
Lenders earn 4.48% a year right now (5.22% averaged over 30 days). Most lend through vaults, such as Felix USDC and Felix USDC V2, which spread deposits across several markets.
More ways to borrow against wstHYPE
Other loan assets with wstHYPE as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| wstHYPE / WHYPEHyperEVM · LLTV 86% | 4.52% | 4.96% |
| wstHYPE / USD₮0HyperEVM · LLTV 62.5% | 5.31% | 5.65% |
| wstHYPE / USDHLHyperEVM · LLTV 62.5% | 58.14% | 58.14% |
