weETH / PYUSD on Stable
A Morpho market on Stable where people borrow PYUSD against weETH. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 3.22% a year and borrowers pay 3.58% right now.
Data from Morpho's API · updated
Borrow APY
3.58%
paid by borrowers
Supply APY
3.22%
earned by lenders
Supplied
$10.32M
10.32M PYUSD
Borrowed
$9.28M
90.0% utilization
Available to borrow
$1.04M
free liquidity right now
Collateral posted
$33.43M
15.00K weETH
weETH / PYUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
weETH / PYUSD 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 3.59% 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 weETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's weETH price in PYUSD. 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 |
| weETH price in PYUSD | 2.23K PYUSDthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x9529…639f |
| Price feeds | 0xD57b…350F 0x457B…603a 0x1c30…1604 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | PYUSDprice $0.9994 |
|---|---|
| Collateral | weETHprice $2.2K |
| Borrowers | 2 |
| Created | October 27, 2026 |
| Market ID | 0x37ffcad5…7d91ff |
| Rate model | 0x41e8…940f |
| weETH token | 0x60a0…5009 |
| PYUSD token | 0x28F1…0E9f |
Vaults lending here
$10.32M of the $10.32M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| StableEarn Prime PYUSDV2lends directly | $10.32M |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x7ee2…5178 | $9.28M | 3.10 |
| 0x4cd8…0E04 | $1.00 | 1.92 |
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 weETH / PYUSD market
The weETH / PYUSD market on Stable was created on October 27, 2026. Anyone can lend PYUSD into it, and anyone holding weETH can borrow that PYUSD against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $10.32M is supplied and $9.28M borrowed, so 90.0% of the market is in use, backed by $33.43M of weETH from 2 borrowers. Borrowers pay 3.58% a year. Lenders earn 3.22%.
1 listed vault lends here, providing $10.32M of the supply; the largest is StableEarn Prime PYUSD. Liquidators who close an unsafe loan here receive a 4.38% bonus in weETH.
weETH / PYUSD on Stable: quick answers
What is the PYUSD borrow rate against weETH on Morpho Stable?
In this market it is 3.58% a year right now. The rate is variable: it follows how much of the market's PYUSD is borrowed, rising quickly above 90%.
When are weETH / PYUSD loans liquidated?
When a loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes weETH worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if weETH fell to about 1.30K PYUSD.
How much PYUSD can be borrowed here right now?
$1.04M is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the weETH / PYUSD market?
Lenders earn 3.22% a year right now. Most lend through vaults, such as StableEarn Prime PYUSD, which spread deposits across several markets.
Other weETH / PYUSD markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| weETH / PYUSDEthereum · LLTV 86% | 4.29% | 4.96% |
More ways to borrow against weETH
Other loan assets with weETH as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| weETH / RLUSDEthereum · LLTV 86% | 3.44% | 4.07% |
| weETH / USDCEthereum · LLTV 86% | 4.47% | 5.31% |
| weETH / WETHEthereum · LLTV 94.5% | 3.02% | 3.30% |
| weETH / vbETHKatana · LLTV 91.5% | 1.82% | 2.04%−0.25% rewards |
| weETH / USDTEthereum · LLTV 86% | 2.97% | 3.63% |
| weETH / WETHBase · LLTV 94.5% | 1.52% | 1.67% |
