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Exit depth / wstETH/EURC 86%

Market · Morpho Blue on Base · snapshot

wstETH / EURC 86%

clears all sizes

Selling $1M of wstETH costs 1.9% against a 4.4% bonus: clearance is +2.4 pp there and positive at every smaller measured size.

borrowed
$972k
in this market; LLTV (liquidation loan-to-value) 86%
liquidation bonus
4.4%
fixed by the LLTV
clearing size
$1M+
positive at every measured size; larger sizes not measured
clearance at $1M
+2.4 pp
bonus minus exit cost, all sources

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Exit cost against the bonus

Clearance by size

Exit cost against sale size, wstETH/EURC, LLTV 86%Exit cost with all sources at $25k: 0.1%; $200k: 0.3%; $1M: 1.9%. Liquidation bonus 4.38%.0%2%4%6%8%10%$25k$200k$1Msize of the sale (USD, log scale)above the bonus: a single liquidation loses moneybonus 4.4%LLTV 86%0.1%0.3%1.9%
Exit cost against sale size, wstETH/EURC, LLTV 86%Exit cost with all sources at $25k: 0.1%; $200k: 0.3%; $1M: 1.9%. Liquidation bonus 4.38%.0%2%4%6%8%10%$25k$200k$1Msize of the sale (USD, log scale)above the bonus: loss4.4%bonus0.1%0.3%1.9%

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
$25k0.1%+4.3 pp0.1%+4.3 ppclears
$200k0.3%+4.1 pp0.4%+4.0 ppclears
$1M1.9%+2.4 pp2.3%+2.1 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
fluid-dex-t1 92%
fluid-dex-t1 92% AMM pool · aero-cl 8% AMM pool · RFQ share 0%
$200k
fluid-dex-t1 100%
fluid-dex-t1 100% AMM pool · RFQ share 0%
$1M
fluid-dex-t1 100%
fluid-dex-t1 100% AMM pool · RFQ share 0%
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 wstETH); 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
$12k
within 10% of liquidation
between 1.1 and 1.25
$7.2k
within 10-20% of liquidation
health factor below 1.25
$19k
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

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

For curators

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A review measures wstETH/EURC 86% 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, wstETH/EURC 86% on Morpho Blue, Base, snapshot 2026-11-14T21:23Z, data sha256 81b87af3. https://underkeel.xyz/markets/wsteth-eurc-86.html

Quote this: Underkeel (Clearance v2, snapshot 2026-11-14 21:23 UTC): wstETH/EURC 86% on Morpho, Base clears every measured size; at $1M the exit costs 1.9% against a 4.4% bonus (clearance +2.4 pp). One liquidation in one transaction. https://underkeel.xyz/markets/wsteth-eurc-86.html

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