Underkeel

Exit depth / VVV/WETH 62.5%

Market · Morpho Blue on Base · snapshot

VVV / WETH 62.5%

clears all sizes

Selling $1M of VVV costs 2.5% against a 12.7% bonus: clearance is +10.2 pp there and positive at every smaller measured size.

borrowed
$217k
in this market; LLTV (liquidation loan-to-value) 62.5%
liquidation bonus
12.7%
fixed by the LLTV
clearing size
$1M+
positive at every measured size; larger sizes not measured
clearance at $1M
+10.2 pp
bonus minus exit cost, all sources

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Exit cost against the bonus

Clearance by size

Exit cost against sale size, VVV/WETH, LLTV 62.5%Exit cost with all sources at $25k: 0.3%; $200k: 0.6%; $1M: 2.5%. Liquidation bonus 12.68%.0%5%10%15%20%25%30%$25k$200k$1Msize of the sale (USD, log scale)above the bonus: a single liquidation loses moneybonus 12.7%LLTV 62.5%0.3%0.6%2.5%
Exit cost against sale size, VVV/WETH, LLTV 62.5%Exit cost with all sources at $25k: 0.3%; $200k: 0.6%; $1M: 2.5%. Liquidation bonus 12.68%.0%5%10%15%20%25%30%$25k$200k$1Msize of the sale (USD, log scale)above the bonus: loss12.7%bonus0.3%0.6%2.5%

Source: KyberSwap Aggregator API, Morpho API · snapshot 2026-11-14 21:23 UTC

Solid line: best route, all sources including RFQ market makers (a square marks a loss). Dashed line, diamonds: on-chain pools only, drawn where it differs. Hatched: the sale costs more than the bonus. Three sizes are measured; the lines between them are a guide, not a measurement.

Exit cost and clearance by sale size
SaleAll sourcesClearanceOn-chain onlyClearanceStatus
$25k0.3%+12.4 pp0.6%+12.1 ppclears
$200k0.6%+12.1 pp0.7%+12.0 ppclears
$1M2.5%+10.2 pp2.4%+10.3 ppclears

Clearance: bonus minus exit cost, in percentage points (pp). Positive - room for a liquidator; negative - a single liquidation of that size loses money and has to be split across blocks. Terms.

Venues

Where the sale goes

$25k
pmm-19 63%metric-propamm 37%
pmm-19 63% RFQ maker · metric-propamm 37% MM pool · RFQ share 63%
$200k
pmm-19 82%
pmm-19 82% RFQ maker · bebop 8% RFQ maker · metric-propamm 6% MM pool · aero-cl 4% AMM pool · RFQ share 90%
$1M
pmm-19 65%aero-cl 27%
pmm-19 65% RFQ maker · aero-cl 27% AMM pool · pmm-1 4% RFQ maker · bebop 4% RFQ maker · RFQ share 73%
AMM poolRFQ market maker (pmm-N: numbered by the aggregator)market-maker pool or vault

Share of the collateral each venue takes on the route's first hops (out of VVV); later hops, such as WETH into USDC, are not shown. pmm-N are RFQ (request for quote) market makers KyberSwap identifies only by number.

Collateral near liquidation

Positions close to liquidation

health factor below 1.1
$153k
within 10% of liquidation
between 1.1 and 1.25
$176k
within 10-20% of liquidation
health factor below 1.25
$329k
within 20%, includes the 10% band

Collateral of the market's positions by health factor (Morpho API). It is spread over positions of different sizes; a large position is liquidated in parts across blocks, which this site does not measure.

Liquidations

This pair, last 30 days

VVV/WETH is not among the 10 pairs with the most liquidation bonus over the last 30 days. Liquidations.

For curators

Curate or supply this market?

A review measures VVV/WETH 62.5% at the sizes of your own positions, adds a 10% and a 20% fall in the price and shows the venue split. The first one is free and private to you.

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Cite

Cite or quote this market

Cite as: Underkeel, Clearance v2, VVV/WETH 62.5% on Morpho Blue, Base, snapshot 2026-11-14T21:23Z, data sha256 81b87af3. https://underkeel.xyz/markets/vvv-weth-62-5.html

Quote this: Underkeel (Clearance v2, snapshot 2026-11-14 21:23 UTC): VVV/WETH 62.5% on Morpho, Base clears every measured size; at $1M the exit costs 2.5% against a 12.7% bonus (clearance +10.2 pp). One liquidation in one transaction. https://underkeel.xyz/markets/vvv-weth-62-5.html

Raw data: data/exit-depth.json; how it is measured: Method; how to cite: Method.