armUSDCp / WBTC on Ethereum
A Morpho market on Ethereum where people borrow WBTC against armUSDCp. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 2.53% a year and borrowers pay 2.81% right now.
Data from Morpho's API · updated
Borrow APY
2.81%
30-day average 2.81%
Supply APY
2.53%
30-day average 2.52%
Supplied
$1.20M
16.68 WBTC
Borrowed
$1.08M
90.0% utilization
Available to borrow
$120K
free liquidity right now
Collateral posted
$0
2.26M armUSDCp
armUSDCp / WBTC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
armUSDCp / WBTC 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 2.81% 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.
Risk settings
| Liquidation LTV (LLTV) | 77%fixed for the life of the market |
|---|---|
| Liquidation bonus | 7.41%extra collateral a liquidator receives |
| armUSDCp price in WBTC | 0.0000142 WBTCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x604C…673B |
| Price feeds | 0x8fFf…18f6 0xF403…E88c 0xfdFD…BB23 0x5dc5…FF2B |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | WBTCprice $71.9K |
|---|---|
| Collateral | armUSDCpprice – |
| Borrowers | 2 |
| Created | September 9, 2026 |
| Market ID | 0x32a5ec91…8923f6 |
| Rate model | 0x870a…00BC |
| armUSDCp token | 0x5dc5…FF2B |
| WBTC token | 0x2260…C599 |
Vaults lending here
$1.20M of the $1.20M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Wintermute Confidential WBTCV2lends directly | $1.20M |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x01fB…C384 | $1.11M | 1.60 |
| 0x694c…8310 | $1.00 | 5.81 |
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 armUSDCp / WBTC market
The armUSDCp / WBTC market on Ethereum was created on September 9, 2026. Anyone can lend WBTC into it, and anyone holding armUSDCp can borrow that WBTC against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $1.20M is supplied and $1.08M borrowed, so 90.0% of the market is in use, backed by $0 of armUSDCp from 2 borrowers. Borrowers pay 2.81% a year, 2.81% on average over the last 30 days. Lenders earn 2.53%.
1 listed vault lends here, providing $1.20M of the supply; the largest is Wintermute Confidential WBTC. Liquidators who close an unsafe loan here receive a 7.41% bonus in armUSDCp.
armUSDCp / WBTC on Ethereum: quick answers
What is the WBTC borrow rate against armUSDCp on Morpho Ethereum?
In this market it is 2.81% a year right now, and it averaged 2.81% over the last 30 days. The rate is variable: it follows how much of the market's WBTC is borrowed, rising quickly above 90%.
When are armUSDCp / WBTC 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 armUSDCp worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if armUSDCp fell to about 0.00000924 WBTC.
How much WBTC can be borrowed here right now?
$120K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the armUSDCp / WBTC market?
Lenders earn 2.53% a year right now (2.52% averaged over 30 days). Most lend through vaults, such as Wintermute Confidential WBTC, which spread deposits across several markets.