EUTBL / EURCV on Ethereum
A Morpho market on Ethereum where people borrow EURCV against EUTBL. A loan can be liquidated once it reaches 96.5% of the collateral's value. Lenders earn 1.59% a year and borrowers pay 1.77% right now.
Data from Morpho's API · updated
Borrow APY
1.77%
30-day average 1.77%
Supply APY
1.59%
30-day average 1.59%
Supplied
$2.99M
2.63M EURCV
Borrowed
$2.69M
90.0% utilization
Available to borrow
$298K
up to $590K with vault liquidity
Collateral posted
$3.03M
2.51M EUTBL
EUTBL / EURCV rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
EUTBL / 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 1.74% 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 EUTBL collateral could be liquidated if its price fell by each amount
Based on today's loans and today's EUTBL price in EURCV. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 96.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 1.06%extra collateral a liquidator receives |
| EUTBL price in EURCV | 1.06 EURCV |
| Oracle | ChainlinkOracleV20xf071…43d9 |
| Price feeds | 0xfD62…03ae |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | EURCVprice $1.1383 |
|---|---|
| Collateral | EUTBLprice $1.2070 |
| Borrow APY, last year | 1.65% |
| Borrowers | 13 |
| Created | September 18, 2025 |
| Market ID | 0xaa7231d6…80ef98 |
| Rate model | 0x870a…00BC |
| EUTBL token | 0xa076…Fc80 |
| EURCV token | 0x5F78…5Ff2 |
Vaults lending here
$2.99M of the $2.99M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse Prime EURCVV2lends directly | $2.99M |
Largest borrowers
13 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x2bB0…884d | $1.74M | 1.09 |
| 0xEBB4…E425 | $549K | 1.06 |
| 0xdE76…B82C | $212K | 1.05 |
| 0x77A2…f679 | $103K | 1.17 |
| 0xd3a6…C18B | $64.5K | 1.09 |
| 0xc2Ab…4F09 | $12.0K | 1.08 |
| 0x861F…f8bA | $3.6K | 1.14 |
| 0x19c8…D39C | $3.3K | 1.09 |
| 0xF209…27eF | $3.1K | 1.08 |
| 0x7C45…F104 | $585 | 1.12 |
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 EUTBL / EURCV market
The EUTBL / EURCV market on Ethereum was created on September 18, 2025. Anyone can lend EURCV into it, and anyone holding EUTBL can borrow that EURCV against it, up to a loan-to-value of 96.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $2.99M is supplied and $2.69M borrowed, so 90.0% of the market is in use, backed by $3.03M of EUTBL from 13 borrowers. Borrowers pay 1.77% a year, 1.77% on average over the last 30 days and 1.65% over the last year. Lenders earn 1.59%.
1 listed vault lends here, providing $2.99M of the supply; the largest is Steakhouse Prime EURCV. Liquidators who close an unsafe loan here receive a 1.06% bonus in EUTBL. If EUTBL fell 20% against EURCV, about $3.03M of collateral would be at risk of liquidation.
EUTBL / EURCV on Ethereum: quick answers
What is the EURCV borrow rate against EUTBL on Morpho Ethereum?
In this market it is 1.77% a year right now, and it averaged 1.77% 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 EUTBL / EURCV loan liquidated?
When the loan reaches 96.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes EUTBL worth 1.06% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if EUTBL fell to about 0.549 EURCV.
How much EURCV can be borrowed here right now?
$298K is free in the market, and vaults can move in up to $292K more through Morpho's public allocator, for about $590K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the EUTBL / EURCV market?
Lenders earn 1.59% a year right now (1.59% averaged over 30 days). Most lend through vaults, such as Steakhouse Prime EURCV, which spread deposits across several markets.