cbBTC / EURCV on Ethereum
A Morpho market on Ethereum where people borrow EURCV against cbBTC. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 1.88% a year and borrowers pay 2.09% right now.
Data from Morpho's API · updated
Borrow APY
2.09%
30-day average 2.02%
Supply APY
1.88%
30-day average 1.83%
Supplied
$14.45M
12.69M EURCV
Borrowed
$13.04M
90.3% utilization
Available to borrow
$1.41M
free liquidity right now
Collateral posted
$23.02M
274.18 cbBTC
cbBTC / EURCV rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
cbBTC / EURCV 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 1.93% 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 cbBTC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's cbBTC price in EURCV. 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 |
| cbBTC price in EURCV | 73.75K EURCV |
| Oracle | ChainlinkOracleV20xbA75…6E47 |
| Price feeds | 0xF403…E88c 0xb49f…34C1 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | EURCVprice $1.1383 |
|---|---|
| Collateral | cbBTCprice $83.9K |
| Borrow APY, last year | 1.95% |
| Borrowers | 40 |
| Created | June 10, 2025 |
| Market ID | 0x82053fe2…7267ce |
| Rate model | 0x870a…00BC |
| cbBTC token | 0xcbB7…33Bf |
| EURCV token | 0x5F78…5Ff2 |
Vaults lending here
$14.45M of the $14.45M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse Prime EURCVV2lends directly | $14.42M |
| Steakhouse EURCVlends directly | $25.0K |
Largest borrowers
40 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x2835…62B1 | $5.59M | 1.36 |
| 0x5594…a3C9 | $3.25M | 1.54 |
| 0xC687…B369 | $1.72M | 1.52 |
| 0x030c…69bD | $1.54M | 1.62 |
| 0xB348…6091 | $171K | 1.49 |
| 0x6c19…a6Ce | $123K | 2.02 |
| 0xe9b2…27b7 | $114K | 2.66 |
| 0x77A2…f679 | $111K | 3.97 |
| 0x1218…c631 | $89.5K | 2.76 |
| 0x0595…Ce7F | $45.6K | 2.12 |
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 cbBTC / EURCV market
The cbBTC / EURCV market on Ethereum was created on June 10, 2025. Anyone can lend EURCV into it, and anyone holding cbBTC can borrow that EURCV against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $14.45M is supplied and $13.04M borrowed, so 90.3% of the market is in use, backed by $23.02M of cbBTC from 40 borrowers. Borrowers pay 2.09% a year, 2.02% on average over the last 30 days and 1.95% over the last year. Lenders earn 1.88%.
2 listed vaults lend here, providing $14.45M of the supply; the largest are Steakhouse Prime EURCV and Steakhouse EURCV. Liquidators who close an unsafe loan here receive a 4.38% bonus in cbBTC. If cbBTC fell 20% against EURCV, about $80.8K of collateral would be at risk of liquidation.
cbBTC / EURCV 86% (82053f) on Ethereum: quick answers
What is the EURCV borrow rate against cbBTC on Morpho Ethereum?
In this market it is 2.09% a year right now, and it averaged 2.02% over the last 30 days. The rate is variable: it follows how much of the market's EURCV is borrowed, rising quickly above 90%.
When is a cbBTC / EURCV loan liquidated?
When the loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes cbBTC worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cbBTC fell to about 42.88K EURCV.
How much EURCV can be borrowed here right now?
$1.41M is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the cbBTC / EURCV market?
Lenders earn 1.88% a year right now (1.83% averaged over 30 days). Most lend through vaults, such as Steakhouse Prime EURCV and Steakhouse EURCV, which spread deposits across several markets.
Other cbBTC / EURCV markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| cbBTC / EURCVEthereum · LLTV 86% | 1.82% | 2.02% |
More ways to borrow against cbBTC
Other loan assets with cbBTC as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| cbBTC / USDCBase · LLTV 86% | 4.31% | 4.80% |
| cbBTC / USDCEthereum · LLTV 86% | 4.50% | 5.00% |
| cbBTC / USDTEthereum · LLTV 86% | 4.45% | 4.90% |
| cbBTC / RLUSDEthereum · LLTV 86% | 3.51% | 3.91% |
| cbBTC / EURCBase · LLTV 86% | 2.43% | 3.03% |
| cbBTC / USDSEthereum · LLTV 86% | 2.66% | 2.96% |
