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Morpho Watch

WBTC on Morpho

Wrapped BTC (WBTC) on Morpho, on every network: $18.57M in 3 vaults, $2.00M lent in 6 markets, $452.5M posted as collateral in 23 markets. Rates differ between vaults and markets because each has its own borrowers, collateral and curator.

Data from Morpho's API · updated

Best vault net APY

0.07%

Gauntlet WBTC Core

Best market supply APY

0.12%

against SolvBTC, Ethereum

Cheapest to borrow

–

no market with $250K+ available

Posted as collateral

$452.5M

23 markets

Earn on WBTC: vaults

Deposit WBTC and a curator lends it out for you. Net APY is after the curator's fee.

Vaults that take WBTC
Vault Deposits Net APY 30-day APY Fee Withdrawable
Vault Bridge WBTCGauntlet · Ethereum · $15.41M $15.41M183.71 WBTC 0.00% 0.00% 5% $15.41M
Gauntlet WBTC CoreGauntlet · Ethereum · $2.55M $2.55M30.44 WBTC 0.07% 0.06% 10% $1.29M
Wintermute Confidential WBTCV2Armitage by Wintermute · Ethereum · $602K $602K7.18 WBTC 5.00%incl. 3.12% rewards 0.92% 0%+0.4% a year $74.2K

Borrow WBTC: markets

Markets that lend out WBTC, each against one kind of collateral.

Markets that lend WBTC
Market Supplied Supply APY Borrowed Borrow APY Utilization
SolvBTC / WBTCEthereum · LLTV 94.5% $1.39M16.62 WBTC 0.12% $1.26M$3.04M collateral 0.13% 90.5%
v-wmtWBTC / WBTCEthereum · LLTV 86% $278K3.32 WBTC 2.74% $252K$336K collateral 3.03% 90.4%
armUSDCp / WBTCEthereum · LLTV 77% $159K1.89 WBTC 2.50% $143K$0 collateral 2.78% 90.0%
wstETH / WBTCEthereum · LLTV 86% $74.2K0.884 WBTC 0.00% $1.00$3.00 collateral 0.20% <0.01%
armUSDTp / WBTCEthereum · LLTV 77% $70.0K0.834 WBTC 2.89% $64.2K$0 collateral 3.15% 91.8%
LBTC / WBTCEthereum · LLTV 86% $21.0K0.250 WBTC 0.00% $1.00$3.00 collateral 0.53% <0.01%

Borrow against WBTC

Markets that accept WBTC as collateral. The LLTV is the loan-to-value at which a loan can be liquidated.

Markets that accept WBTC as collateral
Market Supplied Supply APY Borrowed Borrow APY Utilization
WBTC / USDCEthereum · LLTV 86% $127.6M127.60M USDC 4.54% $115.1M$253.8M collateral 5.04% 90.2%
WBTC / USDTEthereum · LLTV 86% $84.98M85.00M USDT 4.09% $77.07M$156.3M collateral 4.52% 90.7%
WBTC / EURCVEthereum · LLTV 86% $5.20M4.57M EURCV 1.82% $4.69M$9.92M collateral 2.02% 90.1%
WBTC / RLUSDEthereum · LLTV 86% $3.08M3.08M RLUSD 3.62% $2.79M$4.88M collateral 4.00% 90.7%
WBTC / USDTEthereum · LLTV 86% $2.96M2.96M USDT 4.56% $2.70M$4.70M collateral 5.02% 91.1%
WBTC / USDCArbitrum · LLTV 86% $2.66M2.66M USDC 1.99% $1.80M$4.38M collateral 2.96% 67.6%
WBTC / EURCVEthereum · LLTV 86% $1.92M1.68M EURCV 1.92% $1.73M$3.56M collateral 2.13% 90.3%
WBTC / USDCEthereum · LLTV 86% $1.86M1.86M USDC 4.57% $1.68M$3.50M collateral 5.08% 90.2%
WBTC / EURCEthereum · LLTV 86% $1.63M1.44M EURC 2.41% $1.35M$3.16M collateral 2.92% 82.8%
WBTC / USDCPolygon · LLTV 86% $786K786.26K USDC 19.17% $772K$1.94M collateral 19.56% 98.2%
WBTC / PYUSDEthereum · LLTV 86% $1.19M1.19M PYUSD 4.81% $1.08M$1.83M collateral 5.32% 90.7%
WBTC / USDT0Arbitrum · LLTV 86% $1.20M1.20M USDT0 2.05% $833K$1.78M collateral 2.97% 69.4%
WBTC / USDCOP Mainnet · LLTV 86% $666K665.91K USDC 3.81% $579K$885K collateral 4.39% 87.0%
WBTC / eUSDEthereum · LLTV 86% $430K430.32K eUSD 3.30% $385K$789K collateral 3.69% 89.5%
WBTC / WETHEthereum · LLTV 91.5% $209K77.85 WETH 0.20% $85.3K$241K collateral 0.48% 40.8%
WBTC / tGBPEthereum · LLTV 86% $183K138.51K tGBP 0.15% $104K$213K collateral 0.27% 56.7%
WBTC / AUSDMonad · LLTV 86% $102K102.13K AUSD 1.32%+0.57% rewards $89.2K$184K collateral 1.51% 87.3%
WBTC / PYUSDEthereum · LLTV 86% $40.7K40.69K PYUSD 9.08% $37.4K$118K collateral 9.93% 91.8%
WBTC / USDCMonad · LLTV 86% $82.2K82.21K USDC 2.33%+0.14% rewards $55.8K$114K collateral 3.46% 67.8%
WBTC / USDCUnichain · LLTV 86% $37.2K37.22K USDC 8.63% $33.7K$81.2K collateral 9.58% 90.5%
WBTC / USDT0Polygon · LLTV 86% $40.7K40.70K USDT0 7.22% $31.9K$78.3K collateral 9.29% 78.5%
WBTC / wARSEthereum · LLTV 62.5% $15.2K24.44M wARS 24.56% $13.8K$41.9K collateral 27.51% 90.4%
WBTC / EUROPEthereum · LLTV 86% $2.8K2.50K EUROP 0.02% $3.00$7.00 collateral 19.47% 0.1%

WBTC on Morpho: quick answers

Where can I earn the most on WBTC on Morpho?

Gauntlet WBTC Core on Ethereum pays 0.07% net APY, the most among WBTC vaults with at least $1M deposited. The largest WBTC vault, Vault Bridge WBTC, pays 0.00%.

Where is it cheapest to borrow WBTC on Morpho?

6 markets lend WBTC, but none has $250K or more available to borrow right now.

Can I borrow against WBTC on Morpho?

Yes: 23 markets accept WBTC as collateral, with liquidation LTVs up to 91.5%. The largest is WBTC / USDC on Ethereum, where borrowers pay 5.04%.

Which networks is WBTC on Morpho available on?

Ethereum, Arbitrum, Polygon, OP Mainnet, Monad and Unichain.

Borrowing against WBTC? Check your numbers with the liquidation price calculator. More assets on the assets page.