WBTC / AUSD on Ethereum
A Morpho market on Ethereum where people borrow AUSD against WBTC. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 3.83% a year and borrowers pay 4.18% right now.
Data from Morpho's API · updated
Borrow APY
4.18%
30-day average 3.55%
Supply APY
3.83%
30-day average 3.38%
Supplied
$29.3K
29.28K AUSD
Borrowed
$26.9K
91.8% utilization
Available to borrow
$2.4K
free liquidity right now
Collateral posted
$55.1K
0.767 WBTC
WBTC / AUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
WBTC / AUSD 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 2.71% 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 WBTC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's WBTC price in AUSD. 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 |
| WBTC price in AUSD | 71.83K AUSDthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x09db…dEC4 |
| Price feeds | 0xfdFD…BB23 0xF403…E88c |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | AUSDprice $0.9991 |
|---|---|
| Collateral | WBTCprice $71.9K |
| Borrow APY, last year | 2.05% |
| Borrowers | 6 |
| Created | August 22, 2024 |
| Market ID | 0xa84573d7…90e5fb |
| Rate model | 0x870a…00BC |
| WBTC token | 0x2260…C599 |
| AUSD token | 0x0000…012a |
Vaults lending here
$29.3K of the $29.3K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse High Yield InstantV2lends directly | $22.9K |
| Grove x Steakhouse AUSDV2lends directly | $6.3K |
Largest borrowers
6 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xEf80…f7d9 | $20.0K | 1.92 |
| 0xbeAc…9867 | $6.8K | 1.39 |
| 0x8D9E…83bb | $90.00 | 2.89 |
| 0xf603…fC18 | $1.00 | 2.04 |
| 0xfeed…3C9a | $0 | 19.30 |
| 0x60aa…123C | $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
About the WBTC / AUSD market
The WBTC / AUSD market on Ethereum was created on August 22, 2024. Anyone can lend AUSD into it, and anyone holding WBTC can borrow that AUSD against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $29.3K is supplied and $26.9K borrowed, so 91.8% of the market is in use, backed by $55.1K of WBTC from 6 borrowers. Borrowers pay 4.18% a year, 3.55% on average over the last 30 days and 2.05% over the last year. Lenders earn 3.83%.
2 listed vaults lend here, providing $29.3K of the supply; the largest are Steakhouse High Yield Instant and Grove x Steakhouse AUSD. Liquidators who close an unsafe loan here receive a 4.38% bonus in WBTC.
WBTC / AUSD on Ethereum: quick answers
What is the AUSD borrow rate against WBTC on Morpho Ethereum?
In this market it is 4.18% a year right now, and it averaged 3.55% over the last 30 days. The rate is variable: it follows how much of the market's AUSD is borrowed, rising quickly above 90%.
When are WBTC / AUSD 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 WBTC worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if WBTC fell to about 41.76K AUSD.
How much AUSD can be borrowed here right now?
$2.4K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the WBTC / AUSD market?
Lenders earn 3.83% a year right now (3.38% averaged over 30 days). Most lend through vaults, such as Steakhouse High Yield Instant and Grove x Steakhouse AUSD, which spread deposits across several markets.
Other WBTC / AUSD markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| WBTC / AUSDMonad · LLTV 86% | 2.30% | 2.80% |
More ways to borrow against WBTC
Other loan assets with WBTC as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| WBTC / USDCEthereum · LLTV 86% | 4.48% | 5.17% |
| WBTC / USDTEthereum · LLTV 86% | 3.00% | 3.66% |
| WBTC / RLUSDEthereum · LLTV 86% | 3.65% | 4.00% |
| WBTC / EURCVEthereum · LLTV 86% | 1.82% | 2.02% |
| WBTC / USDTEthereum · LLTV 86% | 3.00% | 3.66% |
| WBTC / EURCVEthereum · LLTV 86% | 1.80% | 2.00% |
