cirBTC / EURC on Arc
A Morpho market on Arc where people borrow EURC against cirBTC. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 1.97% a year and borrowers pay 2.18% right now.
Data from Morpho's API · updated
Borrow APY
2.18%
30-day average 2.14%
Supply APY
1.97%
30-day average 1.94%
Supplied
$1.31M
1.18M EURC
Borrowed
$1.18M
90.4% utilization
Available to borrow
$126K
free liquidity right now
Collateral posted
$1.68M
23.41 cirBTC
cirBTC / EURC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
cirBTC / EURC interest rate curve
What borrowers would pay at each utilization level, with today's settings
Borrow APY Supply APY
At the 90% target, borrowers pay 1.96% right now. Below it the rate falls to as little as a quarter of that; above it, it climbs to four times that when the market is fully borrowed. The curve itself also moves: while utilization stays above 90% the whole curve drifts up, and below 90% it drifts down. How Morpho interest rates work.
Liquidation map
How much cirBTC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's cirBTC price in EURC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| cirBTC price in EURC | 64.89K EURCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x6945…Ca1e |
| Price feeds | 0x7777…6aE3 0xa426…4EFE |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | EURCprice $1.1047 |
|---|---|
| Collateral | cirBTCprice $71.8K |
| Borrowers | 5 |
| Created | June 12, 2026 |
| Market ID | 0x6ea1ea96…37daf4 |
| Rate model | 0xF026…3f20 |
| cirBTC token | 0x171A…bAA0 |
| EURC token | 0xbEf5…21c1 |
Vaults lending here
$355K of the $1.31M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Galaxy EURCV2lends directly | $336K |
| Gauntlet EURC PrimeV2lends directly | $9.8K |
| Steakhouse Prime EURCV2lends directly | $9.8K |
Largest borrowers
5 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xa83d…F1aB | $826K | 1.13 |
| 0xB1BC…D351 | $357K | 1.11 |
| 0x4756…3d8d | $537 | 1.36 |
| 0xB93B…8ac5 | $1.00 | 4.32 |
| 0xA4d3…0d96 | $0 | 1.40 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
None recorded in the last 90 days
About the cirBTC / EURC market
The cirBTC / EURC market on Arc was created on June 12, 2026. Anyone can lend EURC into it, and anyone holding cirBTC can borrow that EURC against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $1.31M is supplied and $1.18M borrowed, so 90.4% of the market is in use, backed by $1.68M of cirBTC from 5 borrowers. Borrowers pay 2.18% a year, 2.14% on average over the last 30 days. Lenders earn 1.97%.
3 listed vaults lend here, providing $355K of the supply; the largest are Galaxy EURC, Gauntlet EURC Prime and Steakhouse Prime EURC. Liquidators who close an unsafe loan here receive a 4.38% bonus in cirBTC. If cirBTC fell 20% against EURC, about $1.55M of collateral would be at risk of liquidation.
cirBTC / EURC on Arc: quick answers
What is the EURC borrow rate against cirBTC on Morpho Arc?
In this market it is 2.18% a year right now, and it averaged 2.14% over the last 30 days. The rate is variable: it follows how much of the market's EURC is borrowed, rising quickly above 90%.
When are cirBTC / EURC loans liquidated?
When a loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes cirBTC worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cirBTC fell to about 37.73K EURC.
How much EURC can be borrowed here right now?
$126K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the cirBTC / EURC market?
Lenders earn 1.97% a year right now (1.94% averaged over 30 days). Vaults provide 27% of the supply here (Galaxy EURC, Gauntlet EURC Prime and Steakhouse Prime EURC); the rest comes from people lending directly.
More ways to borrow against cirBTC
Other loan assets with cirBTC as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| cirBTC / USDCArc · LLTV 86% | 3.44% | 3.78%−0.14% rewards |
