Markets
The Markets page displays all Morpho Blue lending markets where Stock Tokens are used as collateral.
What is a market?
Each Morpho market is an isolated lending pair:
- Collateral — The token you deposit (e.g., NVDA)
- Loan asset — What you can borrow (usually USDG)
- Oracle — Price feed used for liquidation
- IRM — Interest rate model that sets APYs
Markets are permissionless — anyone can create one with any parameters. RADARRR indexes all markets with Stock Token collateral.
Key metrics
LLTV (Liquidation Loan-to-Value)
The maximum LTV before liquidation. For example, at 77% LLTV:
- Deposit $100 of NVDA as collateral
- Borrow up to $77 of USDG
- If your LTV exceeds 77%, you get liquidated
Higher LLTV = more capital efficient but riskier.
Supply APY
What lenders earn for depositing the loan asset. This rate varies based on utilization — higher demand = higher APY.
Borrow APY
What borrowers pay for their loans. Always higher than Supply APY (the difference is the protocol spread).
Utilization
Percentage of supplied capital being borrowed. High utilization (80%+) means strong demand and higher rates.
Example
LLTV
77%
Supply APY
8.2%
Borrow APY
10.5%
Utilization
78%
Filtering markets
Use the filter bar at the top to narrow results:
Example
Filter options
- Collateral token — Show only markets with specific collateral
- Loan token — Filter by loan asset (USDG, WETH, etc.)
- Minimum APY — Hide low-yield markets
- Risk tier — Filter by Weekend Risk Score (Low/Moderate/High)
Market detail page
Click any market row to see the full detail view:
- APY history chart — Supply and borrow rates over time
- Utilization chart — How demand has changed
- Oracle info — Chainlink feed address and update frequency
- IRM parameters — Interest rate model configuration
- Top suppliers/borrowers — Largest positions in the market
Risk indicators
Each market row shows a Weekend Risk Score badge:
Example
Markets with volatile collateral (single stocks) andaggressive LLTVs (77%+) show higher scores during weekends.