v-wmtWBTC / WBTC on Ethereum
A Morpho market on Ethereum where people borrow WBTC against v-wmtWBTC. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 2.48% a year and borrowers pay 2.76% right now.
Data from Morpho's API · updated
Borrow APY
2.76%
30-day average 2.74%
Supply APY
2.48%
30-day average 2.41%
Supplied
$433K
6.02 WBTC
Borrowed
$390K
90.1% utilization
Available to borrow
$42.9K
free liquidity right now
Collateral posted
$492K
6.67 v-wmtWBTC
v-wmtWBTC / WBTC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
v-wmtWBTC / 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 2.69% 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 v-wmtWBTC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's v-wmtWBTC 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 |
| v-wmtWBTC price in WBTC | 1.03 WBTCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xfF25…0277 |
| Price feeds | 0x587f…C7cf |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | WBTCprice $71.9K |
|---|---|
| Collateral | v-wmtWBTCprice $73.8K |
| Borrowers | 2 |
| Created | September 8, 2026 |
| Market ID | 0xfd3d67ee…f4409c |
| Rate model | 0x870a…00BC |
| v-wmtWBTC token | 0x7D7f…4366 |
| WBTC token | 0x2260…C599 |
Vaults lending here
$433K of the $433K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Wintermute Confidential WBTCV2lends directly | $433K |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x6f9B…8A1d | $399K | 1.09 |
| 0x694c…8310 | $1.00 | 1.83 |
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 v-wmtWBTC / WBTC market
The v-wmtWBTC / WBTC market on Ethereum was created on September 8, 2026. Anyone can lend WBTC into it, and anyone holding v-wmtWBTC can borrow that WBTC against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $433K is supplied and $390K borrowed, so 90.1% of the market is in use, backed by $492K of v-wmtWBTC from 2 borrowers. Borrowers pay 2.76% a year, 2.74% on average over the last 30 days. Lenders earn 2.48%.
1 listed vault lends here, providing $433K of the supply; the largest is Wintermute Confidential WBTC. Liquidators who close an unsafe loan here receive a 4.38% bonus in v-wmtWBTC. If v-wmtWBTC fell 20% against WBTC, about $504K of collateral would be at risk of liquidation.
v-wmtWBTC / WBTC on Ethereum: quick answers
What is the WBTC borrow rate against v-wmtWBTC on Morpho Ethereum?
In this market it is 2.76% a year right now, and it averaged 2.74% over the last 30 days. The rate is variable: it follows how much of the market's WBTC is borrowed, rising quickly above 90%.
When are v-wmtWBTC / WBTC loans liquidated?
When a loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes v-wmtWBTC worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if v-wmtWBTC fell to about 0.598 WBTC.
How much WBTC can be borrowed here right now?
$42.9K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the v-wmtWBTC / WBTC market?
Lenders earn 2.48% a year right now (2.41% averaged over 30 days). Most lend through vaults, such as Wintermute Confidential WBTC, which spread deposits across several markets.