cbLTC / USDC on Base
A Morpho market on Base where people borrow USDC against cbLTC. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 5.49% a year and borrowers pay 6.31% right now.
Data from Morpho's API · updated
Borrow APY
6.31%
30-day average 6.83%
Supply APY
5.49%
30-day average 6.01%
Supplied
$1.21M
1.21M USDC
Borrowed
$1.05M
87.4% utilization
Available to borrow
$152K
free liquidity right now
Collateral posted
$3.34M
46.24K cbLTC
This is the market behind Coinbase's Litecoin loans →
See every Coinbase loan market and what each costs right now.
cbLTC / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
cbLTC / USDC 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 6.45% 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 cbLTC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's cbLTC price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 62.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 12.68%extra collateral a liquidator receives |
| cbLTC price in USDC | 72.22 USDC |
| Oracle | ChainlinkOracleV20x47f9…a00d |
| Price feeds | 0x206a…7a69 |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 56.26% LTV |
Details
| Loan asset | USDCprice $0.9999 |
|---|---|
| Collateral | cbLTCprice $72.21 |
| Borrowers | 614 |
| Created | October 10, 2025 |
| Market ID | 0x9125d0fa…4583c3 |
| Rate model | 0x4641…2687 |
| cbLTC token | 0xcb17…445F |
| USDC token | 0x8335…2913 |
Vaults lending here
$954K of the $1.21M supplied comes from these vaults
Largest borrowers
614 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x7924…7CD5 | $123K | 1.13 |
| 0xf7b4…12E3 | $72.0K | 1.19 |
| 0x887C…5b92 | $70.0K | 1.30 |
| 0xA84C…Cb9C | $51.2K | 2.32 |
| 0x1603…DBF3 | $50.8K | 1.20 |
| 0x28F3…e1f2 | $46.8K | 2.12 |
| 0x3db4…24aB | $40.8K | 1.13 |
| 0x8A0B…4E39 | $31.5K | 1.46 |
| 0x67C9…5B22 | $29.4K | 1.65 |
| 0x7a02…9CA7 | $27.3K | 6.44 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
3 in the last 30 days, $3.6K of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $562562.27 USDC | 0xc573…53f1 | |
| $3.0K3.02K USDC | 0x4cfc…cda1 | |
| $54.9154.91 USDC | 0x1fa6…4a2f |
About the cbLTC / USDC market
The cbLTC / USDC market on Base was created on October 10, 2025. Anyone can lend USDC into it, and anyone holding cbLTC can borrow that USDC against it, up to a loan-to-value of 62.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds. Public on-chain data shows this is the market behind Coinbase's Litecoin loans.
Right now $1.21M is supplied and $1.05M borrowed, so 87.4% of the market is in use, backed by $3.34M of cbLTC from 614 borrowers. Borrowers pay 6.31% a year, 6.83% on average over the last 30 days. Lenders earn 5.49%.
5 listed vaults lend here, providing $954K of the supply; the largest are Steakhouse High Yield USDC, Steakhouse High Yield USDC v1.1 and Yield Clearstar USDC. Liquidators who close an unsafe loan here receive a 12.68% bonus in cbLTC. If cbLTC fell 20% against USDC, about $545K of collateral would be at risk of liquidation. 3 loans were liquidated here in the last 30 days.
cbLTC / USDC on Base: quick answers
What is the USDC borrow rate against cbLTC on Morpho Base?
In this market it is 6.31% a year right now, and it averaged 6.83% over the last 30 days. The rate is variable: it follows how much of the market's USDC is borrowed, rising quickly above 90%.
When is a cbLTC / USDC loan liquidated?
When the loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes cbLTC worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cbLTC fell to about 57.78 USDC.
How much USDC can be borrowed here right now?
$152K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the cbLTC / USDC market?
Lenders earn 5.49% a year right now (6.01% averaged over 30 days). Most lend through vaults, such as Steakhouse High Yield USDC, Steakhouse High Yield USDC v1.1 and Yield Clearstar USDC, which spread deposits across several markets.