Rails
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 · 26,369,561 · every market’s stored totals rebuilt from the logs of the Morpho Blue singleton · roster censused at

Markets
44
Supplied
567.31M PYUSD
Borrowed
511.76M PYUSD
Utilisation
90%
43 hold supply · 25 have borrowing1.81B 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%184.57Mutil 92%8.05% borrow7.39% supplyfee 0%0x41c4…a3faoracle
sUSDe
91.5%115.07Mutil 90%4.16% borrow3.74% supplyfee 0%0x90ef…c0d5oracle
kBTC
86.0%105.59Mutil 90%4.11% borrow3.71% supplyfee 0%0xe51f…eef5oracle
PST
86.0%85.00Mutil 88%6.46% borrow5.67% supplyfee 0%0xb497…e512oracle
syrupUSDC
91.5%64.30Mutil 90%4.40% borrow3.96% supplyfee 0%0xc962…8501oracle
weETH
86.0%8.76Mutil 86%4.88% borrow4.20% supplyfee 0%0x85d5…212coracle
cbBTC
86.0%1.68Mutil 90%4.31% borrow3.88% supplyfee 0%0xd8a8…2323oracle
WBTC
86.0%1.20Mutil 90%4.31% borrow3.88% supplyfee 0%0xbe50…090boracle
mWIN
77.0%762.4Kutil 82%3.40% borrow2.80% supplyfee 0%0xeecb…c774oracle

34 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 34 markets
collateralborrow ÷ supplylltvsuppliedutilisationborrow aprsupply aprfeemarket
PAXG
77.0%162.8Kutil 91%7.50% borrow6.79% supplyfee 0%0xeea9…a185oracle
wstETH
86.0%146.4Kutil 90%6.41% borrow5.77% supplyfee 0%0x124d…c9e6oracle
WBTC
86.0%41.1Kutil 90%6.32% borrow5.69% supplyfee 0%0x9337…5983oracle
idle — no collateral
0.0%37.4Kutil 0%no IRMno IRMfee 0%0xf8c1…5cc9no oracle
wstETH
86.0%3.3Kutil 4%3.46% borrow0.13% supplyfee 0%0xf5c5…4d27oracle
LBTC
86.0%1.3Kutil 90%6.69% borrow6.02% supplyfee 0%0x6a7e…42b9oracle
PT-sUSDE-7MAY2026
91.5%2.11util 45%4.64% borrow2.08% supplyfee 0%0xcb12…8c0eoracle
WETH
86.0%2util 40%0.06% borrow0.02% supplyfee 0%0x631e…c13doracle
sUSDS
94.5%1.27util 75%1.96% borrow1.48% supplyfee 0%0xa5be…41d1oracle
PT-sUSDE-5FEB2026
91.5%1.21util 75%0.63% borrow0.47% supplyfee 0%0x5c41…cefcoracle
wbIB01
96.5%1.1util 88%16.17% borrow14.23% supplyfee 0%0xc576…ded3oracle
USYC
98.0%1.03util 90%31.52% borrow28.46% 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%3.91% borrow3.51% supplyfee 0%0x7e32…c110oracle
PT-USDe-5FEB2026
91.5%1util 90%3.91% borrow3.51% supplyfee 0%0xe90b…58c9oracle
USDe
91.5%1util 90%3.94% borrow3.54% supplyfee 0%0xaf2e…d41boracle
cbBTC
86.0%1util 89%1.04% borrow0.93% supplyfee 0%0xb9c6…8fdcoracle
spPYUSD
96.5%1util 90%3.99% borrow3.59% supplyfee 0%0x6fb6…80f1oracle
PT-sUSDE-13AUG2026
91.5%0.8884util 0%0.21% borrow0.00% 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%