WPOL / USDT0 on Polygon
A Morpho market on Polygon where people borrow USDT0 against WPOL. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 2.19% a year and borrowers pay 2.45% right now.
Data from Morpho's API · updated
Borrow APY
2.45%
30-day average 2.54%
Supply APY
2.19%
30-day average 2.25%
Supplied
$36.4K
36.42K USDT0
Borrowed
$32.5K
89.4% utilization
Available to borrow
$3.9K
free liquidity right now
Collateral posted
$62.4K
736.36K WPOL
WPOL / USDT0 rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
WPOL / USDT0 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 2.47% 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 WPOL collateral could be liquidated if its price fell by each amount
Based on today's loans and today's WPOL price in USDT0. 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 |
| WPOL price in USDT0 | 0.0847 USDT0the market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xF6DF…828C |
| Price feeds | 0x66aC…430e |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 72.74% LTV |
Details
| Loan asset | USDT0price $0.9990 |
|---|---|
| Collateral | WPOLprice $0.0848 |
| Borrow APY, last year | 2.65% |
| Borrowers | 35 |
| Created | February 20, 2025 |
| Market ID | 0x267f344f…06fc80 |
| Rate model | 0xe675…F0B0 |
| WPOL token | 0x0d50…1270 |
| USDT0 token | 0xc213…8e8F |
Vaults lending here
$36.4K of the $36.4K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Compound USDTlends directly | $36.4K |
Largest borrowers
35 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x6251…5477 | $22.4K | 1.45 |
| 0xEF31…5597 | $5.3K | 1.21 |
| 0x894A…9eEc | $1.7K | 2.16 |
| 0x6229…F4c5 | $1.0K | 2.06 |
| 0x26c0…3d55 | $1.0K | 2.22 |
| 0x34D8…145F | $579 | 1.77 |
| 0x9cbB…9126 | $500 | 1.36 |
| 0x9113…ee96 | $20.00 | 1.84 |
| 0x67bf…6692 | $5.00 | 2.58 |
| 0x76D1…128C | $0 | 2.07 |
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 WPOL / USDT0 market
The WPOL / USDT0 market on Polygon was created on February 20, 2025. Anyone can lend USDT0 into it, and anyone holding WPOL can borrow that USDT0 against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $36.4K is supplied and $32.5K borrowed, so 89.4% of the market is in use, backed by $62.4K of WPOL from 35 borrowers. Borrowers pay 2.45% a year, 2.54% on average over the last 30 days and 2.65% over the last year. Lenders earn 2.19%.
1 listed vault lends here, providing $36.4K of the supply; the largest is Compound USDT. Liquidators who close an unsafe loan here receive a 7.41% bonus in WPOL. If WPOL fell 20% against USDT0, about $8.3K of collateral would be at risk of liquidation.
WPOL / USDT0 on Polygon: quick answers
What is the USDT0 borrow rate against WPOL on Morpho Polygon?
In this market it is 2.45% a year right now, and it averaged 2.54% over the last 30 days. The rate is variable: it follows how much of the market's USDT0 is borrowed, rising quickly above 90%.
When are WPOL / USDT0 loans liquidated?
When a loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes WPOL worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if WPOL fell to about 0.055 USDT0.
How much USDT0 can be borrowed here right now?
$3.9K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the WPOL / USDT0 market?
Lenders earn 2.19% a year right now (2.25% averaged over 30 days). Most lend through vaults, such as Compound USDT, which spread deposits across several markets.