What is the difference between Max LTV and LLTV?
Max LTV is the most you can borrow against your collateral when opening a loan. Most venues enforce it in the contract; Morpho enforces it in their app. LLTV is the loan-to-value at which liquidation starts. Health factors and liquidation prices here are computed from the LLTV; how much you can borrow is governed by the Max LTV.
What does lender-leaning or borrower-leaning mean?
Liquidation designs sit on a spectrum. Morpho lets a liquidator close the whole loan the moment it crosses the threshold: quick, full recovery for lenders, and the Morpho Blue paper is explicit about that priority. Aave and Spark close half first. Fluid liquidates only the slice needed to restore health, so a brief price wick costs a sliver of the position instead of all of it. It is a design choice worth knowing before you size a loan.
How is the rate stability tag computed?
Standard deviation of the market’s last 30 daily borrow rates, in percentage points, measured against thresholds calibrated per pair — a year of that pair’s own markets decides where stable and volatile begin. ETH-debt rates run quieter than stablecoin-debt rates, so their thresholds sit lower (wstETH/USDC reads stable under 0.25; wstETH/WETH under 0.10). Each daily value is the median of samples we record through the day, so one spiky reading can’t set the tag for a month; markets still waiting on our recorded history use their feed’s one reading per day, with edges calibrated for that basis. The exact thresholds for a market are in its tag’s hover. Markets under 14 days old show NEW; markets we can’t source a rate series for yet show NO HISTORY. Rewards are not part of the tag.
Where does the data come from?
Rates and market sizes come from the protocols’ own APIs (Morpho, Fluid) and DefiLlama (Aave, Spark, Compound). Liquidation parameters come from the protocol contracts on-chain (Aave, Spark, Compound) and the protocols’ own APIs (Morpho, Fluid). Oracle providers and contracts come from each protocol’s own API (Morpho, Fluid) or are read from its contracts on-chain (Aave, Spark, Compound). Rates refresh every one to ten minutes depending on the source.