cbBTC / wARS on Ethereum

Q: What is the wARS borrow rate against cbBTC on Morpho Ethereum?

In this market it is 1.37% a year right now, and it averaged 14.09% over the last 30 days. The rate is variable: it follows how much of the market's wARS is borrowed, rising quickly above 90%.

Q: When is a cbBTC / wARS 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 cbBTC worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if cbBTC fell to about 110.05M wARS.

Q: How much wARS can be borrowed here right now?

$11.2K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.

Q: What do lenders earn in the cbBTC / wARS market?

Lenders earn 0.00% a year right now (11.97% averaged over 30 days). Most lend through vaults, such as KPK wARS Yield, which spread deposits across several markets.

A Morpho market on Ethereum where people borrow wARS against cbBTC. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn <0.01% a year and borrowers pay 1.37% right now.

Data from Morpho's API · updated 2026-10-02 03:40 UTC

Borrow APY

1.37%

30-day average 14.09%

Supply APY

<0.01%

30-day average 11.97%

Supplied

$11.2K

18.03M wARS

Borrowed

$1.00

<0.01% utilization

Available to borrow

$11.2K

free liquidity right now

Collateral posted

$7.00

0.0000870 cbBTC

Open in the Morpho app ↗Liquidation price calculator Borrow cost calculator

cbBTC / wARS rate history

Average supply and borrow APY for each day

Utilization

cbBTC / wARS 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 5.45% 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 cbBTC collateral could be liquidated if its price fell by each amount

Based on today's loans and today's cbBTC price in wARS. 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
cbBTC price in wARS	137.56M wARS
Oracle	ChainlinkOracleV20xe8D2…ccf2
Price feeds	0x50C1…a2a9 0xBb65…367b
Market fee	Noneshare of interest taken by the protocol

LLTV and liquidations · How oracles work

Details

Loan asset	wARSprice $0.0006
Collateral	cbBTCprice $85.4K
Borrowers	1
Created	August 14, 2026
Market ID	0xc597a4e5…edd326
Rate model	0x870a…00BC
cbBTC token	0xcbB7…33Bf
wARS token	0x0DC4…D90D

Vaults lending here

$11.2K of the $11.2K supplied comes from these vaults

Vault	Lent here	Vault net APY	Vault deposits
KPK wARS YieldV2lends directly	$11.2K	0.33%	$6.43M

Largest borrowers

1 open loans in this market

Address	Borrowed	Collateral	Health	Price drop to liquidation
0xF0Cf…2A75	$1.00	$7.00	7.31	86.3%

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

All liquidations →

About the cbBTC / wARS market

The cbBTC / wARS market on Ethereum was created on August 14, 2026. Anyone can lend wARS into it, and anyone holding cbBTC can borrow that wARS against it, up to a loan-to-value of 62.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.

Right now $11.2K is supplied and $1.00 borrowed, so <0.01% of the market is in use, backed by $7.00 of cbBTC from 1 borrowers. Borrowers pay 1.37% a year, 14.09% on average over the last 30 days. Lenders earn 0.00%.

1 listed vault lends here, providing $11.2K of the supply; the largest is KPK wARS Yield. Liquidators who close an unsafe loan here receive a 12.68% bonus in cbBTC.