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MMorpho Labs Support

Morpho Labs Support

@morpholabs_morpho · group · Tech · indexed since 2026-08-21
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D
I check the borrow apy was - 19% on world apps and native 0.11% .. total was -18.89%
  1. F
    It is possible that the borrow APY might be less than the native rate or even negative, it means that rewards are higher than the cost of the borrow position.
Whole thread · 1 reply →
D
Is this typo or it's giving the reward or negetive was a discount ?
F
You can see the details by hovering on the numbers. The native rate is what borrower pay, the cost of the position (0.11%) The rewards (here USDC), which APR make the overall cost decrease (-19%) 
F
The rate (borrow APY), is the overall cost taking account for potential rewards. (-18.89%) But there are two aspects to take into account: - Rewards are subject to fluctuation, and third party rewards (other than MORPHO) are time bounded, so it can stop (you can check status of rewards program in the [Merk| app] chain=480&protocol=morpho). - Rewards are claimable on the side while cost of the debt autocompounds to your position making your debt increase over time and potentially impacting your health ratio. TL;DR while rewards can make borrow APY lower or even negative, you still need to check your position.
D
This whole thing is abit confusing .. i borrow using world apps ... does the borrow reward - 18% auto reflect on morpho apps ? and why at world app the borrow apy was negetive while at merkl was not negetive which one ?
Whole thread · 1 reply →
F
The 18% rewards are reflecting on the Mini App, and are also visible on the Merkl app shared above. Merkl app only shows rewards, so it shows rewards APR as positive. But on the Mini App, or Morpho, on the borrow side, positive APY = cost of your position.
F
This is why rewards are shown as negative. Does that make sens? Let me know if you have more question or concerns!
M
Might be a noobie questions, but been at it the whole day trying both at Morpho API and dune lol
M
Is there any way I can pull the vault id`s of markets displayed on the frontend?
  1. F
    When on a market page, you can either copy the address via the button or check the URL address (same for vaults):
Whole thread · 1 reply →
M
Specifically looking for `base markets, would be perfect to also get to know the way to join these with names displayed on the frontend.
M
and what's the go-to way to correspond it to UniqueKey generated from the original market parameters?
M
I'd like to get the UniqueKey of every Morpho vault listed on the frontend to dive deeper into base market parameters
M
That’s a rough approach that got me somewhat close, but it’s still far from ideal, as I’m still indexing a lot of idle vaults dune query
F
You want to retrieve all Morpho vaults or Morpho markets (uniquekey is for Morpho markets) In any case, you may want to use the Morpho API

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