LBTC / EURCV on Ethereum
A Morpho market on Ethereum where people borrow EURCV against LBTC. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 1.82% a year and borrowers pay 3.86% right now.
Data from Morpho's API · updated
Borrow APY
3.86%
30-day average 12.42%
Supply APY
1.82%
30-day average 10.62%
Supplied
$161K
141.15K EURCV
Borrowed
$76.7K
47.7% utilization
Available to borrow
$84.0K
free liquidity right now
Collateral posted
$281K
3.33 LBTC
LBTC / EURCV rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
LBTC / 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 6.00% 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 LBTC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's LBTC 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 |
| LBTC price in EURCV | 73.95K EURCV |
| Oracle | ChainlinkOracleV20xeF61…331d |
| Price feeds | 0x5c29…3212 0xF403…E88c 0xb49f…34C1 |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 83.26% LTV |
Details
| Loan asset | EURCVprice $1.1383 |
|---|---|
| Collateral | LBTCprice $84.2K |
| Borrowers | 15 |
| Created | October 14, 2025 |
| Market ID | 0x9551f524…3b2544 |
| Rate model | 0x870a…00BC |
| LBTC token | 0x8236…4494 |
| EURCV token | 0x5F78…5Ff2 |
Vaults lending here
$118K of the $161K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| EURCV Primelends directly | $118K |
Largest borrowers
15 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x6113…70a2 | $55.3K | 3.50 |
| 0x0375…c373 | $17.3K | 2.20 |
| 0xE0c0…ff2b | $3.5K | 2.42 |
| 0xC919…A997 | $495 | 1.62 |
| 0x9751…2945 | $95.00 | 2.23 |
| 0x7D82…7C87 | $3.00 | >99 |
| 0xC6F3…bD53 | $0 | 1.50 |
| 0x351a…Dbb3 | $0 | >99 |
| 0x7601…F553 | $0 | 1.86 |
| 0x03E9…8b1E | $0 | 1.99 |
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 LBTC / EURCV market
The LBTC / EURCV market on Ethereum was created on October 14, 2025. Anyone can lend EURCV into it, and anyone holding LBTC 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 $161K is supplied and $76.7K borrowed, so 47.7% of the market is in use, backed by $281K of LBTC from 15 borrowers. Borrowers pay 3.86% a year, 12.42% on average over the last 30 days. Lenders earn 1.82%.
1 listed vault lends here, providing $118K of the supply; the largest is EURCV Prime. Liquidators who close an unsafe loan here receive a 4.38% bonus in LBTC.
LBTC / EURCV on Ethereum: quick answers
What is the EURCV borrow rate against LBTC on Morpho Ethereum?
In this market it is 3.86% a year right now, and it averaged 12.42% 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 LBTC / 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 LBTC worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if LBTC fell to about 43.00K EURCV.
How much EURCV can be borrowed here right now?
$84.0K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the LBTC / EURCV market?
Lenders earn 1.82% a year right now (10.62% averaged over 30 days). Most lend through vaults, such as EURCV Prime, which spread deposits across several markets.
More ways to borrow against LBTC
Other loan assets with LBTC as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| LBTC / USDCEthereum · LLTV 86% | 4.92% | 6.04% |
| LBTC / cbBTCBase · LLTV 91.5% | 0.04% | 0.07% |
| LBTC / cbBTCBase · LLTV 94.5% | 1.05% | 1.07% |
| LBTC / USDCBase · LLTV 86% | 4.25% | 4.87% |
| LBTC / vbUSDCKatana · LLTV 86% | 0.03%+6.90% rewards | 0.20% |
| LBTC / WBTCEthereum · LLTV 86% | 0.00% | 0.53% |
