mHYPER / USDC on Monad
A Morpho market on Monad where people borrow USDC against mHYPER. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 0.00% a year and borrowers pay 0.88% right now.
Data from Morpho's API · updated
Borrow APY
0.88%
30-day average 4.32%
Supply APY
0.00%
30-day average 4.06%
Supplied
$1.54M
1.54M USDC
Borrowed
$0
0.0% utilization
Available to borrow
$1.54M
free liquidity right now
Collateral posted
$2.00
2.02 mHYPER
mHYPER / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
mHYPER / 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 3.54% 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.
Risk settings
| Liquidation LTV (LLTV) | 77%fixed for the life of the market |
|---|---|
| Liquidation bonus | 7.41%extra collateral a liquidator receives |
| mHYPER price in USDC | 1.13 USDC |
| Oracle | ChainlinkOracleV20x3A89…1E9C |
| Price feeds | 0xf3BB…6584 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9998 |
|---|---|
| Collateral | mHYPERprice $1.1302 |
| Borrowers | 1 |
| Created | February 2, 2026 |
| Market ID | 0x2761e7fe…309c6b |
| Rate model | 0x0947…400F |
| mHYPER token | 0xd90F…E4e7 |
| USDC token | 0x7547…b603 |
Vaults lending here
$1.54M of the $1.54M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Hyperithm USDC ApexV2lends directly | $1.54M |
Largest borrowers
1 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x594c…D562 | $0 | >99 |
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 mHYPER / USDC market
The mHYPER / USDC market on Monad was created on February 2, 2026. Anyone can lend USDC into it, and anyone holding mHYPER 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 $1.54M is supplied and $0 borrowed, so 0.0% of the market is in use, backed by $2.00 of mHYPER from 1 borrowers. Borrowers pay 0.88% a year, 4.32% on average over the last 30 days. Lenders earn 0.00%.
1 listed vault lends here, providing $1.54M of the supply; the largest is Hyperithm USDC Apex. Liquidators who close an unsafe loan here receive a 7.41% bonus in mHYPER.
mHYPER / USDC on Monad: quick answers
What is the USDC borrow rate against mHYPER on Morpho Monad?
In this market it is 0.88% a year right now, and it averaged 4.32% 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 mHYPER / 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 mHYPER worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if mHYPER fell to about 0.734 USDC.
How much USDC can be borrowed here right now?
$1.54M is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the mHYPER / USDC market?
Lenders earn 0.00% a year right now (4.06% averaged over 30 days). Most lend through vaults, such as Hyperithm USDC Apex, which spread deposits across several markets.
Other mHYPER / USDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| mHYPER / USDCEthereum · LLTV 77% | 4.90% | 5.68% |
| mHYPER / USDCEthereum · LLTV 86% | 15.38% | 16.52% |
