wstHYPE / WHYPE on HyperEVM
A Morpho market on HyperEVM where people borrow WHYPE against wstHYPE. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 4.52% a year and borrowers pay 4.96% right now.
Data from Morpho's API · updated
Borrow APY
4.96%
30-day average 4.11%
Supply APY
4.52%
30-day average 3.83%
Supplied
$487K
5.30K WHYPE
Borrowed
$444K
91.2% utilization
Available to borrow
$42.9K
free liquidity right now
Collateral posted
$600K
6.32K wstHYPE
wstHYPE / WHYPE rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
wstHYPE / WHYPE 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 3.62% 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 WHYPE. 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 |
| wstHYPE price in WHYPE | 1.03 WHYPE |
| Oracle | ChainlinkOracleV20x9bEE…FfCC |
| Price feeds | 0xe2da…8e22 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | WHYPEprice $92.21 |
|---|---|
| Collateral | wstHYPEprice $94.87 |
| Borrowers | 66 |
| Created | December 22, 2025 |
| Market ID | 0xbcae0d8e…4bd755 |
| Rate model | 0xD4a4…7483 |
| wstHYPE token | 0x94e8…CF38 |
| WHYPE token | 0x5555…5555 |
Vaults lending here
$488K of the $487K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Felix HYPElends directly | $272K |
| Felix HYPE V2V2lends directly | $216K |
Largest borrowers
66 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x1104…c487 | $393K | 1.08 |
| 0x9E8C…3f45 | $14.0K | 2.99 |
| 0x713c…6FaC | $10.8K | 1.59 |
| 0xCF28…D4a1 | $9.3K | 1.21 |
| 0x3F88…2FA4 | $5.6K | 1.07 |
| 0xDe63…268A | $3.3K | 1.20 |
| 0x09F2…cCEe | $1.1K | 1.61 |
| 0x89E2…9328 | $1.1K | 1.69 |
| 0xcDd7…8873 | $1.1K | 1.08 |
| 0xBDac…99Ec | $1.0K | 1.05 |
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 / WHYPE market
The wstHYPE / WHYPE market on HyperEVM was created on December 22, 2025. Anyone can lend WHYPE into it, and anyone holding wstHYPE can borrow that WHYPE against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $487K is supplied and $444K borrowed, so 91.2% of the market is in use, backed by $600K of wstHYPE from 66 borrowers. Borrowers pay 4.96% a year, 4.11% on average over the last 30 days. Lenders earn 4.52%.
2 listed vaults lend here, providing $488K of the supply; the largest are Felix HYPE and Felix HYPE V2. Liquidators who close an unsafe loan here receive a 4.38% bonus in wstHYPE. If wstHYPE fell 20% against WHYPE, about $519K of collateral would be at risk of liquidation.
wstHYPE / WHYPE on HyperEVM: quick answers
What is the WHYPE borrow rate against wstHYPE on Morpho HyperEVM?
In this market it is 4.96% a year right now, and it averaged 4.11% over the last 30 days. The rate is variable: it follows how much of the market's WHYPE is borrowed, rising quickly above 90%.
When is a wstHYPE / WHYPE 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 wstHYPE worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if wstHYPE fell to about 0.598 WHYPE.
How much WHYPE can be borrowed here right now?
$42.9K 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 / WHYPE market?
Lenders earn 4.52% a year right now (3.83% averaged over 30 days). Most lend through vaults, such as Felix HYPE and Felix HYPE 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 / USDCHyperEVM · LLTV 77% | 4.48% | 4.97% |
| wstHYPE / USD₮0HyperEVM · LLTV 62.5% | 5.31% | 5.65% |
| wstHYPE / USDHLHyperEVM · LLTV 62.5% | 58.14% | 58.14% |
