uniBTC / USDC on Base
A Morpho market on Base where people borrow USDC against uniBTC. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 7.97% a year and borrowers pay 10.22% right now.
Data from Morpho's API · updated
Borrow APY
10.22%
30-day average 13.78%
Supply APY
7.97%
30-day average 11.92%
Supplied
$304K
303.67K USDC
Borrowed
$239K
78.8% utilization
Available to borrow
$64.5K
free liquidity right now
Collateral posted
$1.15M
16.05 uniBTC
uniBTC / USDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
uniBTC / 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 11.34% 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 uniBTC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's uniBTC price in USDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 77%fixed for the life of the market |
|---|---|
| Liquidation bonus | 7.41%extra collateral a liquidator receives |
| uniBTC price in USDC | 71.86K USDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x9932…E3a3 |
| Price feeds | 0x998a…f2CF 0x64c9…848F 0x7e86…bc6B |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USDCprice $0.9997 |
|---|---|
| Collateral | uniBTCprice $71.4K |
| Borrowers | 9 |
| Created | February 2, 2026 |
| Market ID | 0x2e254839…c6b75d |
| Rate model | 0x4641…2687 |
| uniBTC token | 0x9391…593e |
| USDC token | 0x8335…2913 |
Vaults lending here
$253K of the $304K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| UltraYield USDClends directly | $253K |
Largest borrowers
9 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x183B…A748 | $236K | 3.89 |
| 0x8491…a4DA | $1.7K | 1.21 |
| 0x87aC…AE0C | $600 | 1.22 |
| 0x0277…62a9 | $1.00 | 1.52 |
| 0x2AeD…28C9 | $1.00 | 1.95 |
| 0x5579…6d3b | $0 | 1.82 |
| 0xdf53…9ac6 | $0 | 1.24 |
| 0xb90c…a251 | $0 | 1.65 |
| 0x8871…360A | $0 | 63.75 |
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 uniBTC / USDC market
The uniBTC / USDC market on Base was created on February 2, 2026. Anyone can lend USDC into it, and anyone holding uniBTC can borrow that USDC against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $304K is supplied and $239K borrowed, so 78.8% of the market is in use, backed by $1.15M of uniBTC from 9 borrowers. Borrowers pay 10.22% a year, 13.78% on average over the last 30 days. Lenders earn 7.97%.
1 listed vault lends here, providing $253K of the supply; the largest is UltraYield USDC. Liquidators who close an unsafe loan here receive a 7.41% bonus in uniBTC. If uniBTC fell 20% against USDC, about $3.6K of collateral would be at risk of liquidation.
uniBTC / USDC on Base: quick answers
What is the USDC borrow rate against uniBTC on Morpho Base?
In this market it is 10.22% a year right now, and it averaged 13.78% 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 are uniBTC / USDC loans liquidated?
When a loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes uniBTC worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if uniBTC fell to about 46.67K USDC.
How much USDC can be borrowed here right now?
$64.5K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the uniBTC / USDC market?
Lenders earn 7.97% a year right now (11.92% averaged over 30 days). Most lend through vaults, such as UltraYield USDC, which spread deposits across several markets.