Underkeel

Liquidations · snapshot

Liquidations on Morpho Blue, Base

2026-10-15 to 2026-11-14: 12,454 liquidations, $6.2M of bonus (collateral seized minus debt repaid, at the protocol's oracle price in the liquidation block). Chainlink SVR (Smart Value Recapture) auctions sell the right to liquidate right after an oracle update.

through Chainlink SVR auctions
93%
of the bonus went through the auctions
paid back as bids
80%
of the auctioned bonus: what auction winners paid back
outside the auctions
$461k
bonus taken in the open

By day (UTC)

Bonus paid per day

Liquidation bonus by dayBonus paid on Morpho Blue liquidations on Base, 31 days, peak $2.0M. The daily values are in the table below the chart.$0$625k$1.2M$1.9M$2.5M2026-10-15: $0 (partial day)10-152026-10-16: $02026-10-17: $18k2026-10-18: $28k2026-10-19: $12026-10-20: $82026-10-21: $82026-10-22: $2.8k10-222026-10-23: $672026-10-24: $24k2026-10-25: $02026-10-26: $12026-10-27: $02026-10-28: $02026-10-29: $250k10-292026-10-30: $342k2026-10-31: $472026-11-01: $152026-11-02: $6.4k2026-11-03: $1.7k2026-11-04: $123k2026-11-05: $51k11-052026-11-06: $134k2026-11-07: $95k2026-11-08: $804k2026-11-09: $121k2026-11-10: $422k2026-11-11: $7.3k2026-11-12: $386k11-122026-11-13: $1.3M2026-11-14: $2.0M (partial day)11-14partial day
Liquidation bonus by dayBonus paid on Morpho Blue liquidations on Base, 31 days, peak $2.0M. The daily values are in the table below the chart.$0$625k$1.2M$1.9M$2.5M2026-10-15: $0 (partial day)10-152026-10-16: $02026-10-17: $18k2026-10-18: $28k2026-10-19: $12026-10-20: $82026-10-21: $82026-10-22: $2.8k10-222026-10-23: $672026-10-24: $24k2026-10-25: $02026-10-26: $12026-10-27: $02026-10-28: $02026-10-29: $250k10-292026-10-30: $342k2026-10-31: $472026-11-01: $152026-11-02: $6.4k2026-11-03: $1.7k2026-11-04: $123k2026-11-05: $51k11-052026-11-06: $134k2026-11-07: $95k2026-11-08: $804k2026-11-09: $121k2026-11-10: $422k2026-11-11: $7.3k2026-11-12: $386k11-122026-11-13: $1.3M2026-11-14: $2.0M (partial day)11-14partial day

Source: Morpho Blue liquidation events on Base, read from the chain · snapshot 2026-11-14 21:23 UTC

Daily values
Liquidation bonus by day
DayBonus
2026-10-15 (partial)$0
2026-10-16$0
2026-10-17$18k
2026-10-18$28k
2026-10-19$1
2026-10-20$8
2026-10-21$8
2026-10-22$2.8k
2026-10-23$67
2026-10-24$24k
2026-10-25$0
2026-10-26$1
2026-10-27$0
2026-10-28$0
2026-10-29$250k
2026-10-30$342k
2026-10-31$47
2026-11-01$15
2026-11-02$6.4k
2026-11-03$1.7k
2026-11-04$123k
2026-11-05$51k
2026-11-06$134k
2026-11-07$95k
2026-11-08$804k
2026-11-09$121k
2026-11-10$422k
2026-11-11$7.3k
2026-11-12$386k
2026-11-13$1.3M
2026-11-14 (partial)$2.0M

Days without a liquidation are drawn as zero. The first and the last day are partial (hatched): the window is the last 30 days up to the snapshot. An auctioned liquidation is one whose transaction went through the Chainlink SVR auction contract (Atlas); the bid is what the winner paid back from the bonus.

By pair

Where the bonus came from

Liquidations by pair
PairLiquidationsBonusVia auction
cbBTC/USDC5,497$3.8M94%
cbXRP/USDC2,378$1.4M94%
WETH/USDC1,408$447k91%
SOL/USDC520$120k99%
JitoSOL/USDC585$109k100%
cbETH/USDC1,214$103k1%
cbDOGE/USDC321$51k97%
cbADA/USDC154$39k98%
cbZEC/USDC117$27k93%
cbLTC/USDC128$25k100%
other pairs$16k

The 10 pairs with the most bonus; a pair links to its largest market. Machine-readable: data/liquidations.json.