Morpho Watch

WBTC on Morpho

Wrapped BTC (WBTC) on Morpho, on every network: $15.07M in 3 vaults, $5.84M lent in 5 markets, $461.5M posted as collateral in 26 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

4.80%

Wintermute Confidential WBTC

Best market supply APY

2.53%

against armUSDCp, Ethereum

Borrow APY, largest market

0.03%

against wstETH, Ethereum

Posted as collateral

$461.5M

26 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 · $8.40M $8.40M116.83 WBTC 0.00% 0.00% 5% $8.40M
Wintermute Confidential WBTCV2Armitage by Wintermute · Ethereum · $5.74M $5.74M79.84 WBTC 4.80%incl. 3.63% rewards 0.89% 0% $3.14M
Gauntlet WBTC CoreGauntlet · Ethereum · $927K $927K12.90 WBTC 0.00% 0.00% 10% $927K

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
wstETH / WBTCEthereum · LLTV 86% $3.15M43.80 WBTC <0.01% $9.6K$13.6K collateral 0.03% 0.3%
armUSDCp / WBTCEthereum · LLTV 77% $1.20M16.68 WBTC 2.53% $1.08M$0 collateral 2.81% 90.0%
armUSDTp / WBTCEthereum · LLTV 77% $959K13.34 WBTC 2.79% $863K$0 collateral 3.11% 90.0%
v-wmtWBTC / WBTCEthereum · LLTV 86% $433K6.02 WBTC 2.48% $390K$492K collateral 2.76% 90.1%
SolvBTC / WBTCEthereum · LLTV 94.5% $98.2K1.37 WBTC 0.00% $24.00$14.4K collateral 0.03% 0.0%

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% $141.6M141.59M USDC 4.48% $123.0M$227.1M collateral 5.17% 86.9%
WBTC / USDTEthereum · LLTV 86% $103.6M103.67M USDT 3.00% $85.24M$149.1M collateral 3.66% 82.3%
WBTC / RLUSDEthereum · LLTV 86% $35.96M35.96M RLUSD 3.65% $32.87M$47.72M collateral 4.00% 91.4%
WBTC / EURCVEthereum · LLTV 86% $6.14M5.56M EURCV 1.82% $5.53M$10.13M collateral 2.02% 90.0%
WBTC / USDTEthereum · LLTV 86% $6.05M6.06M USDT 3.00% $4.98M$7.37M collateral 3.66% 82.2%
WBTC / EURCVEthereum · LLTV 86% $2.58M2.34M EURCV 1.80% $2.32M$4.20M collateral 2.00% 90.0%
WBTC / USDCArbitrum · LLTV 86% $2.21M2.21M USDC 6.66% $2.05M$4.01M collateral 7.17% 93.1%
WBTC / USDCEthereum · LLTV 86% $1.68M1.68M USDC 4.48% $1.46M$2.71M collateral 5.17% 86.9%
WBTC / EURCEthereum · LLTV 86% $1.46M1.32M EURC 2.35% $1.24M$2.64M collateral 2.77% 85.0%
WBTC / PYUSDEthereum · LLTV 86% $1.20M1.20M PYUSD 3.96% $1.08M$1.60M collateral 4.41% 90.1%
WBTC / USDCPolygon · LLTV 86% $810K810.34K USDC 7.33% $672K$1.50M collateral 8.89% 83.0%
WBTC / USDT0Arbitrum · LLTV 86% $854K855.25K USDT0 6.54% $795K$1.39M collateral 7.05% 93.0%
WBTC / USDCOP Mainnet · LLTV 86% $415K415.25K USDC 9.00% $380K$652K collateral 9.87% 91.6%
WBTC / eUSDEthereum · LLTV 86% $345K346.83K eUSD 4.58% $298K$504K collateral 5.33% 86.2%
WBTC / EUReArbitrum · LLTV 86% $269K244.31K EURe 0.21% $123K$207K collateral 0.45% 45.6%
WBTC / tGBPEthereum · LLTV 86% $104K78.83K tGBP 0.81% $104K$183K collateral 0.81% 100.0%
WBTC / PYUSDEthereum · LLTV 86% $41.4K41.41K PYUSD 5.72% $37.0K$120K collateral 6.41% 89.5%
WBTC / USDCMonad · LLTV 86% $43.3K43.31K USDC 1.79% $38.5K$78.0K collateral 2.02% 88.9%
WBTC / USDT0Polygon · LLTV 86% $33.3K33.30K USDT0 9.86% $29.1K$58.5K collateral 11.34% 87.5%
WBTC / WETHEthereum · LLTV 91.5% $154K76.30 WETH 0.01% $37.3K$56.3K collateral 0.05% 24.3%
WBTC / AUSDEthereum · LLTV 86% $29.3K29.28K AUSD 3.83% $26.9K$55.1K collateral 4.18% 91.8%
WBTC / AUSDMonad · LLTV 86% $35.8K35.84K AUSD 2.30% $29.5K$50.9K collateral 2.80% 82.3%
WBTC / USDCUnichain · LLTV 86% $52.5K52.53K USDC 3.18% $25.8K$49.9K collateral 6.57% 49.2%
WBTC / EURCEthereum · LLTV 86% $12.3K11.11K EURC 2.65% $11.1K$34.0K collateral 2.95% 90.0%
WBTC / wARSEthereum · LLTV 62.5% $18.8K31.30M wARS 0.39% $15.6K$27.7K collateral 0.47% 83.1%
WBTC / EUROPEthereum · LLTV 86% $2.8K2.50K EUROP 0.00% $3.00$6.00 collateral 0.03% 0.1%

About WBTC on Morpho

Wrapped BTC (WBTC) is on Morpho on 6 networks: Ethereum, Arbitrum, Polygon, OP Mainnet, Monad and Unichain. Morpho prices it at $71.9K.

3 vaults take WBTC deposits, holding $15.07M in all. The largest is Vault Bridge WBTC on Ethereum, curated by Gauntlet, with $8.40M deposited and paying 0.00% net APY after fees.

WBTC is lent out in 5 markets, with $5.84M supplied and $2.34M borrowed. The largest is wstETH / WBTC on Ethereum, where borrowers pay 0.03% and lenders earn 0.00%.

As collateral, $461.5M of WBTC backs $262.4M of loans in 26 markets, which lend USDC, USDT, RLUSD and EURCV and 10 other assets against it. They liquidate a loan at between 62.5% and 91.5% of the collateral's value. The largest is WBTC / USDC on Ethereum, where borrowers pay 5.17%.

WBTC on Morpho: quick answers

Where can I earn the most on WBTC on Morpho?

Wintermute Confidential WBTC on Ethereum pays 4.80% net APY (3.63% of it in token rewards, which can stop at any time), the most among WBTC vaults open to deposits with at least $1M in them. The largest WBTC vault, Vault Bridge WBTC, pays 0.00% net APY.

Where is it cheapest to borrow WBTC on Morpho?

5 markets lend WBTC, but none in use has $250K or more left to borrow right now.

Can I borrow against WBTC on Morpho?

Yes: 26 markets accept WBTC as collateral, with liquidation LTVs up to 91.5%. The largest is WBTC / USDC on Ethereum, where borrowers pay 5.17%.

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.