See liquidations before they happen.
Werracle Radar reads every borrow position on the listed Morpho Blue markets on Base and Ethereum, and tells you how much debt becomes liquidatable if collateral prices fall.
Drag the price. Watch the debt break.
A uniform drop in collateral price applied to every live position on volatile-collateral markets. Each position becomes liquidatable when its health factor falls below 1.
Source: Morpho Blue public API, per-position health factor, listed markets only, positions ≥ $100. Refreshed every 10 minutes. Price paths, cascades and DEX liquidity are not modelled.
How close is the debt to the edge?
Debt per health-factor (HF) band. Below 1.00 a position can be liquidated now.
Where the risk sits
Bar = market debt · red = debt with HF < 1.10
Our own feeds, not someone else's API
The radar reads Base flashblocks, the Arbitrum One sequencer feed and a local Ethereum execution node directly, and re-checks every decoded price update against on-chain state. Refreshed every 15 s.
Flashblocks pre-confirmation stream · Morpho Blue + Aave v3
| Flashblock | — |
| Markets indexed (listed) / positions | — |
| Positions HF < 1.10 | — |
| Oracle updates re-checked | — |
Local Reth execution node over IPC · Morpho Blue
| Latest block | — |
| Indexed markets / positions | — |
| Positions HF < 1.10 | — |
| Oracle types (Chainlink / custom / ERC-4626) | — |
Sequencer feed decoder · Aave v3
| Feed messages | — |
| Oracle price updates | — |
| Sequencer round trip (median) | — |
| Lead time median (p10–p90) | — |
Who gets the liquidation bonus?
On Base, Chainlink Smart Value Recapture auctions the right to liquidate. We traced 105 SVR transactions on-chain: winning bids returned most of the bonus to the protocol side.
Incentive = seized collateral minus repaid debt at the venue's oracle price. Bids flow to SVR proceeds contracts shared by the protocol and Chainlink.
Bid share = winning bid ÷ incentive. Median transaction 98.3%; dots above 100% are solvers that over-paid.
1,049 Ethereum liquidations: the 22 largest transactions account for 95.9% of builder payments.
Would it have seen it coming?
We replayed the model day by day against what actually happened on Base. With a daily refresh, the positions flagged in advance covered almost all the debt that was liquidated.
Precision is lower (70.7%) because many flagged borrowers added collateral or repaid in time — exactly the window an early warning is for.
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