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PYUSD

PYUSD markets

Every market here lends PYUSD and measures in it — every figure on this page is a quantity of PYUSD, never dollars. A market’s loan-to-value is its whole risk surface: the borrow limit and the liquidation line at once, fixed when the market was created. Sizes are the balance each market last settled, left as the contract stores them; the rates are live.

Chain snapshot · block 25,884,919 · every market’s state read from the Morpho Blue singleton · roster censused at block 25,540,377

41 markets · 40 hold supply · 23 have borrowing567.42M supplied · 509.68M borrowed, in PYUSD · 90% utilisation1.76B PYUSD exists

The markets that carry the book

Biggest book first. The bar is borrow ÷ supply, the one aggregate ratio Blue keeps; the lltv beside it is the market’s whole risk surface. Sizes are the balance each market last settled, never projected forward; the rates are live.

collateralborrow ÷ supplylltvsuppliedutilisationborrow aprsupply aprfeemarket
PRIME
86.0%203.06Mutil 88%4.77% borrow4.18% supplyfee 0%0x41c4…a3faoracle
kBTC
86.0%134.57Mutil 90%3.39% borrow3.05% supplyfee 0%0xe51f…eef5oracle
sUSDe
91.5%75.81Mutil 91%5.08% borrow4.64% supplyfee 0%0x90ef…c0d5oracle
syrupUSDC
91.5%74.51Mutil 91%6.39% borrow5.85% supplyfee 0%0xc962…8501oracle
weETH
86.0%72.05Mutil 92%5.79% borrow5.32% supplyfee 0%0x85d5…212coracle
wstETH
86.0%3.04Mutil 92%5.76% borrow5.29% supplyfee 0%0xf5c5…4d27oracle
cbBTC
86.0%1.69Mutil 91%4.75% borrow4.31% supplyfee 0%0xd8a8…2323oracle
LBTC
86.0%1.31Mutil 92%9.77% borrow9.00% supplyfee 0%0x6a7e…42b9oracle
WBTC
86.0%1.00Mutil 91%4.52% borrow4.09% supplyfee 0%0xbe50…090boracle

31 more funded markets, each below 0.1% of the book

Funded, and real, and each holding less than a thousandth of what the markets above hold between them. Every figure on their rows carries the same receipt as the rows above.

Show 31 markets
collateralborrow ÷ supplylltvsuppliedutilisationborrow aprsupply aprfeemarket
wstETH
86.0%143.5kutil 91%6.73% borrow6.12% supplyfee 0%0x124d…c9e6oracle
PAXG
77.0%138.2kutil 91%6.90% borrow6.27% supplyfee 0%0xeea9…a185oracle
idle — no collateral
0.0%58.5kutil 0%no IRMno IRMfee 0%0xf8c1…5cc9no oracle
WBTC
86.0%41.5kutil 91%6.89% borrow6.30% supplyfee 0%0x9337…5983oracle
PT-sUSDE-7MAY2026
91.5%2.11util 45%5.25% borrow2.35% supplyfee 0%0xcb12…8c0eoracle
WETH
86.0%2util 40%0.06% borrow0.02% supplyfee 0%0x631e…c13doracle
sUSDS
94.5%1.27util 75%3.43% borrow2.59% supplyfee 0%0xa5be…41d1oracle
PT-sUSDE-5FEB2026
91.5%1.21util 75%0.69% borrow0.52% supplyfee 0%0x5c41…cefcoracle
wbIB01
96.5%1.1util 88%17.17% borrow15.12% supplyfee 0%0xc576…ded3oracle
USYC
98.0%1.03util 90%25.02% borrow22.60% supplyfee 0%0x5125…03e4oracle
WETH
86.0%1.01util 0%0.27% borrow0.00% supplyfee 0%0x52a2…8aaboracle
WBTC
86.0%1util 0%0.27% borrow0.00% supplyfee 0%0xe558…b29foracle
weETH
86.0%1util 0%0.27% borrow0.00% supplyfee 0%0x3bfa…a0b5oracle
USDe
94.5%1util 90%3.92% borrow3.53% supplyfee 0%0x7e32…c110oracle
PT-USDe-5FEB2026
91.5%1util 90%3.93% borrow3.53% supplyfee 0%0xe90b…58c9oracle
cbBTC
86.0%1util 89%1.08% borrow0.96% supplyfee 0%0xb9c6…8fdcoracle
spPYUSD
96.5%1util 90%3.99% borrow3.59% supplyfee 0%0x6fb6…80f1oracle
PT-sUSDE-13AUG2026
91.5%0.8835util 90%3.14% borrow2.82% supplyfee 0%0x80fe…5e94oracle
wUSDL
98.0%0.1107util 0%0.17% borrow0.00% supplyfee 0%0x0bdd…159eoracle
unnamed collateral
86.0%0.001util 0%0.24% borrow0.00% supplyfee 0%0xa822…a3aforacle
weETH
86.0%0.001util 0%0.26% borrow0.00% supplyfee 0%0x84e9…4ad0oracle
cbBTC
86.0%0.001util 0%0.26% borrow0.00% supplyfee 0%0xe452…f763oracle
WETH
86.0%0.001util 0%0.26% borrow0.00% supplyfee 0%0x6215…3de7oracle
wstETH
86.0%0.001util 0%0.26% borrow0.00% supplyfee 0%0xa6be…f9eeoracle
weETH
86.0%0.001util 0%0.26% borrow0.00% supplyfee 0%0x4004…cf07oracle
USDe
94.5%0.001util 0%0.26% borrow0.00% supplyfee 0%0xf08d…b577oracle
sUSDe
91.5%0.001util 0%0.26% borrow0.00% supplyfee 0%0xf385…f521oracle
sUSDS
94.5%0.001util 0%0.26% borrow0.00% supplyfee 0%0x0d15…444eoracle
syrupUSDC
91.5%0.001util 0%0.26% borrow0.00% supplyfee 0%0x6f9b…adbcoracle
PT-USDe-5FEB2026
91.5%0.001util 0%0.26% borrow0.00% supplyfee 0%0x0142…a993oracle
PT-sUSDE-5FEB2026
91.5%0.001util 0%0.26% borrow0.00% supplyfee 0%0xed36…1bdeoracle

Created, never funded

1 PYUSD markets hold no supply at this block. Creating a market on Blue is permissionless and costs only gas, so most of them were simply never used — they carry the parameters they were born with and nothing else. They are listed because the roster is the protocol’s, not ours; markets born with the same collateral and the same loan-to-value are one line with a count.

Show 1 empty markets
WBTC / PYUSD · 86.0%