About this explorer

Morpho Blue is one contract holding thousands of independent lending markets. A market is defined once and never changes: one loan token, one collateral token, one oracle, and one loan-to-value number that is both the borrow limit and the liquidation line. Everything in a market is measured in its loan token.

Each row of the listing is one position — a market and a borrower — with its collateral, its borrowed principal, and its status. No dollar value appears anywhere: Morpho itself never states one, and adding one would assume the loan token is worth $1 — an assumption the contracts never make. The listing filters by market, loan token or collateral token and searches by wallet or market name. Or see the markets, loan token by loan token, and the one number that governs each.