LBTC / WBTC on Ethereum

Q: What is the WBTC borrow rate against LBTC on Morpho Ethereum?

In this market it is 0.53% a year right now. The rate is variable: it follows how much of the market's WBTC is borrowed, rising quickly above 90%.

Q: When is a LBTC / WBTC 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 0.583 WBTC.

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

$21.0K 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 LBTC / WBTC market?

Lenders earn 0.00% a year right now. Most lend through vaults, such as Wintermute Confidential WBTC, which spread deposits across several markets.

A Morpho market on Ethereum where people borrow WBTC against LBTC. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 0.00% a year and borrowers pay 0.53% right now.

Data from Morpho's API · updated 2026-09-26 14:20 UTC

Borrow APY

0.53%

paid by borrowers

Supply APY

0.00%

earned by lenders

Supplied

$21.0K

0.250 WBTC

Borrowed

$1.00

<0.01% utilization

Available to borrow

$21.0K

free liquidity right now

Collateral posted

$3.00

0.0000330 LBTC

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

LBTC / WBTC rate history

Average supply and borrow APY for each day

Utilization

LBTC / 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 1.61% 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 WBTC. 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 WBTC	1.00 WBTC
Oracle	Unknown0x4923…60Da
Market fee	Noneshare of interest taken by the protocol

LLTV and liquidations · How oracles work

Details

Loan asset	WBTCprice $83.9K
Collateral	LBTCprice $84.2K
Borrowers	1
Created	September 8, 2026
Market ID	0x143b1f6f…e505f5
Rate model	0x870a…00BC
LBTC token	0x8236…4494
WBTC token	0x2260…C599

Vaults lending here

$21.0K of the $21.0K supplied comes from these vaults

Vault	Lent here	Vault net APY	Vault deposits
Wintermute Confidential WBTCV2lends directly	$21.0K	5.00%	$602K

Largest borrowers

1 open loans in this market

Address	Borrowed	Collateral	Health	Price drop to liquidation
0x694c…8310	$1.00	$3.00	1.67	40.0%

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 LBTC / WBTC market

The LBTC / WBTC market on Ethereum was created on September 8, 2026. Anyone can lend WBTC into it, and anyone holding LBTC can borrow that WBTC against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from a custom oracle; check its source before borrowing or lending.

Right now $21.0K is supplied and $1.00 borrowed, so <0.01% of the market is in use, backed by $3.00 of LBTC from 1 borrowers. Borrowers pay 0.53% a year. Lenders earn 0.00%.

1 listed vault lends here, providing $21.0K of the supply; the largest is Wintermute Confidential WBTC. Liquidators who close an unsafe loan here receive a 4.38% bonus in LBTC.