Exit depth · snapshot
Exit depth, market by market
Every Morpho Blue market on Base with at least $100k borrowed: the liquidation bonus against the cost of selling the collateral at $25k, $200k and $1M, the clearing size and the collateral close to liquidation.
How to read this table
Status: the first size where a single liquidation stops paying. Clears to: the clearing size,
the largest measured size with positive clearance; "+": positive at the largest measured size, larger sizes are not
measured. A single liquidation larger than that has to be split across blocks (measured up to $1M).
Bonus: min(15%, 1/(0.3 x LLTV + 0.7) - 1), fixed by the market's LLTV (liquidation
loan-to-value). Exit: share lost selling that much collateral into the loan token, best KyberSwap route including
RFQ (request for quote) market makers, both sides valued by KyberSwap; "clearance" in the switch above the table
shows the bonus minus the exit cost, in percentage points (pp), instead. Costs above 50% are shown as >50%:
there no liquidity and a wrong price look the same. The exit is measured once per collateral/loan pair, so markets of one
pair share it and differ in the bonus. Collateral, HF < 1.1 / 1.25: collateral of positions within 10% and 20%
of liquidation by health factor (the second includes the first). peg: a pegged pair, where the health factor
tracks the peg, not the market. 0x... after a market: the start of its id, where two markets share a pair and an
LLTV. Every term: glossary.
| Market | Status | Clears to | Borrowed | Bonus | Exit $25k | Exit $200k | Exit $1M | Collateral HF < 1.1 | Collateral HF < 1.25 |
|---|---|---|---|---|---|---|---|---|---|
| mGLO/USDC91.5%0xe0cda5 | no DEX route | no route | $81.6M | 2.6% | no route | no route | no route | $91.1M | $95.4M |
| mGLO/USDC91.5%0x29ae7a | no DEX route | no route | $5.2M | 2.6% | no route | no route | no route | $6.4M | $6.4M |
| sUSN/USDC91.5% peg | no DEX route | no route | $3.5M | 2.6% | no route | no route | no route | $0 | $0 |
| savUSD/USDC91.5% peg | no DEX route | no route | $3.3M | 2.6% | no route | no route | no route | $0 | $1.7M |
| GRO/USDC62.5% | no DEX route | no route | $301k | 12.7% | no route | no route | no route | $0 | $0 |
| cbADA/USDC62.5% | RFQ-only from $25kloss from $1M | $200k | $2.1M | 12.7% | +1.9 pp10.8% | +1.6 pp11.1% | -36.1 pp48.8% | $489k | $1.6M |
| cbDOGE/USDC62.5% | RFQ-only from $25kloss from $1M | $200k | $2.0M | 12.7% | +2.4 pp10.3% | +2.2 pp10.5% | -30.7 pp43.4% | $683k | $1.9M |
| cbADA/USDC77% | loss from $25k | below $25k | $825k | 7.4% | -3.4 pp10.8% | -3.6 pp11.1% | -41.4 pp48.8% | $0 | $13k |
| yoUSD/USDC91.5% peg | loss from $25k | below $25k | $271k | 2.6% | <-47 pp>50% | <-47 pp>50% | <-47 pp>50% | $280k | $292k |
| uniBTC/USDC77% | loss from $25k | below $25k | $240k | 7.4% | <-43 pp>50% | <-43 pp>50% | <-43 pp>50% | $0 | $3.1k |
| USDC/MXNB91.5% | loss from $25k | below $25k | $228k | 2.6% | -0.9 pp3.5% | <-47 pp>50% | <-47 pp>50% | $0 | $33 |
| yoETH/WETH91.5% peg | loss from $25k | below $25k | $110k | 2.6% | <-47 pp>50% | <-47 pp>50% | <-47 pp>50% | $76k | $113k |
| JitoSOL/USDC62.5% | loss from $200k | $25k | $3.9M | 12.7% | +11.6 pp1.0% | -5.9 pp18.6% | <-37 pp>50% | $745k | $2.4M |
| cbZEC/USDC62.5% | loss from $200k | $25k | $3.3M | 12.7% | +11.5 pp1.2% | <-37 pp>50% | <-37 pp>50% | $233k | $1.9M |
| cbXRP/USDC77% | RFQ-only from $200kloss from $1M | $200k | $1.5M | 7.4% | +7.2 pp0.2% | +4.4 pp3.0% | -9.6 pp17.0% | $143 | $1.7M |
| cbLTC/USDC62.5% | RFQ-only from $200kloss from $1M | $200k | $727k | 12.7% | +9.4 pp3.2% | +1.9 pp10.8% | -32.9 pp45.6% | $223k | $367k |
| cbXRP/USDC86% | RFQ-only from $200kloss from $1M | $200k | $712k | 4.4% | +4.2 pp0.2% | +1.4 pp3.0% | -12.6 pp17.0% | $118k | $722k |
| cbHYPE/USDC62.5% | loss from $200k | $25k | $648k | 12.7% | +8.5 pp4.2% | <-37 pp>50% | <-37 pp>50% | $126k | $482k |
| JitoSOL/SOL91.5% peg | loss from $200k | $25k | $595k | 2.6% | +1.2 pp1.4% | -16.6 pp19.2% | <-47 pp>50% | $667k | $669k |
| cbETH/VCHF77% | loss from $200k | $25k | $161k | 7.4% | +5.4 pp2.1% | -20.1 pp27.5% | <-43 pp>50% | $0 | $214k |
| USDe/USDC91.5% peg | loss from $1M | $200k | $340M | 2.6% | +2.6 pp0.1% | +2.5 pp0.1% | -35.1 pp37.7% | $379M | $379M |
| cbXRP/USDC62.5% | loss from $1M | $200k | $49.2M | 12.7% | +12.5 pp0.2% | +9.7 pp3.0% | -4.4 pp17.0% | $18.5M | $44.3M |
| SOL/USDC62.5% | RFQ-only from $1M | $1M+ | $6.0M | 12.7% | +12.5 pp0.2% | +9.2 pp3.4% | +1.4 pp11.2% | $1.7M | $5.1M |
| cbBTC/XSGD86% | loss from $1M | $200k | $255k | 4.4% | +4.1 pp0.3% | +3.0 pp1.4% | <-46 pp>50% | $189 | $185k |
| PAXG/USDC77% | loss from $1M | $200k | $129k | 7.4% | +7.1 pp0.3% | +5.0 pp2.4% | -38.5 pp45.9% | $391 | $2.8k |
| cbBTC/USDC86% | clears all sizes | $1M+ | $1.55B | 4.4% | +4.3 pp0.0% | +4.2 pp0.1% | +3.8 pp0.6% | $176M | $732M |
| WETH/USDC86% | clears all sizes | $1M+ | $85.7M | 4.4% | +4.2 pp0.2% | +4.1 pp0.3% | +3.7 pp0.7% | $18.8M | $44.8M |
| cbETH/USDC77% | clears all sizes | $1M+ | $14.8M | 7.4% | +7.4 pp0.0% | +7.4 pp0.0% | +6.9 pp0.5% | $1.1M | $6.6M |
| cbETH/WETH94.5% peg | clears all sizes | $1M+ | $5.4M | 1.7% | +1.7 pp0.0% | +1.7 pp0.0% | +1.7 pp0.0% | $2.5M | $6.2M |
| cbBTC/EURC86% | clears all sizes | $1M+ | $5.3M | 4.4% | +4.4 pp0.0% | +4.3 pp0.1% | +2.7 pp1.6% | $3.5M | $4.3M |
| wstETH/WETH94.5% peg | clears all sizes | $1M+ | $4.2M | 1.7% | +1.7 pp0.0% | +1.7 pp0.0% | +1.6 pp0.0% | $4.6M | $4.7M |
| wstETH/USDC86% | clears all sizes | $1M+ | $2.1M | 4.4% | +4.4 pp0.0% | +4.4 pp0.0% | +3.9 pp0.5% | $4.4k | $295k |
| wstETH/EURC86% | clears all sizes | $1M+ | $972k | 4.4% | +4.3 pp0.1% | +4.1 pp0.3% | +2.4 pp1.9% | $12k | $19k |
| weETH/WETH94.5% peg | clears all sizes | $1M+ | $958k | 1.7% | +1.7 pp0.0% | +1.7 pp0.0% | +1.4 pp0.2% | $852k | $901k |
| cbETH/USDC86%0x1c21c5 | clears all sizes | $1M+ | $909k | 4.4% | +4.4 pp0.0% | +4.4 pp0.0% | +3.9 pp0.5% | $3.2k | $233k |
| cbETH/USDC86%0xdba352 | clears all sizes | $1M+ | $658k | 4.4% | +4.4 pp0.0% | +4.4 pp0.0% | +3.9 pp0.5% | $370 | $63k |
| LBTC/cbBTC91.5% peg | clears all sizes | $1M+ | $460k | 2.6% | +2.6 pp0.0% | +2.5 pp0.2% | +2.5 pp0.1% | $213k | $493k |
| WETH/EURC86% | clears all sizes | $1M+ | $368k | 4.4% | +4.4 pp0.0% | +4.3 pp0.1% | +2.6 pp1.8% | $14k | $110k |
| weETH/WETH91.5% peg | clears all sizes | $1M+ | $336k | 2.6% | +2.6 pp0.0% | +2.6 pp0.0% | +2.4 pp0.2% | $372k | $385k |
| superOETHb/USDC77% | clears all sizes | $1M+ | $297k | 7.4% | +7.4 pp0.0% | +7.4 pp0.0% | +6.6 pp0.8% | $40k | $200k |
| wstETH/WETH96.5% peg | clears all sizes | $1M+ | $249k | 1.1% | +1.1 pp0.0% | +1.0 pp0.0% | +1.0 pp0.0% | $271k | $271k |
| VVV/WETH62.5% | clears all sizes | $1M+ | $217k | 12.7% | +12.4 pp0.3% | +12.1 pp0.6% | +10.2 pp2.5% | $153k | $329k |
| LBTC/cbBTC94.5% peg | clears all sizes | $1M+ | $201k | 1.7% | +1.7 pp0.0% | +1.5 pp0.2% | +1.6 pp0.1% | $119k | $238k |
| wsuperOETHb/WETH91.5% peg | clears all sizes | $1M+ | $174k | 2.6% | +2.6 pp0.0% | +2.6 pp0.0% | +2.5 pp0.1% | $201k | $201k |
| cbETH/EURC86% | clears all sizes | $1M+ | $153k | 4.4% | +4.2 pp0.2% | +3.9 pp0.4% | +2.4 pp2.0% | $0 | $93k |
| cbBTC/WETH91.5% | clears all sizes | $1M+ | $137k | 2.6% | +2.6 pp0.0% | +2.6 pp0.0% | +2.6 pp0.0% | $0 | $28k |
| steakUSDC/XSGD91.5% | not measured | - | $122k | 2.6% | - | - | - | $0 | $0 |
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