WBTC / EURCV on Ethereum (86% LLTV, Chainlink V2 oracle)
A Morpho market on Ethereum where people borrow EURCV against WBTC. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 1.82% a year and borrowers pay 2.02% right now.
Data from Morpho's API · updated
Borrow APY
2.02%
30-day average 2.01%
Supply APY
1.82%
30-day average 1.81%
Supplied
$6.14M
5.56M EURCV
Borrowed
$5.53M
90.0% utilization
Available to borrow
$611K
up to $620K with vault liquidity
Collateral posted
$10.13M
140.84 WBTC
WBTC / EURCV rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
WBTC / 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 2.00% 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 WBTC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's WBTC 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 |
| WBTC price in EURCV | 65.02K EURCVthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20x4072…A8E4 |
| Price feeds | 0xfdFD…BB23 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 $1.1047 |
|---|---|
| Collateral | WBTCprice $71.9K |
| Borrow APY, last year | 1.20% |
| Borrowers | 58 |
| Created | September 29, 2025 |
| Market ID | 0xb7a75cab…1e399e |
| Rate model | 0x870a…00BC |
| WBTC token | 0x2260…C599 |
| EURCV token | 0x5F78…5Ff2 |
Vaults lending here
$6.14M of the $6.14M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse Prime EURCVV2lends directly | $6.14M |
Largest borrowers
58 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x030c…69bD | $1.72M | 1.76 |
| 0x9096…7565 | $954K | 1.28 |
| 0x9f12…285c | $718K | 1.51 |
| 0x5AC6…b8B3 | $377K | 1.35 |
| 0xfcdF…80ED | $210K | 1.27 |
| 0x06Dc…ddc1 | $199K | 1.37 |
| 0x7A2d…DeCA | $165K | 2.03 |
| 0xF15C…0B0A | $157K | 2.06 |
| 0xe76D…6160 | $146K | 2.33 |
| 0x148B…6036 | $97.9K | 1.52 |
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 / EURCV market
The WBTC / EURCV market on Ethereum was created on September 29, 2025. Anyone can lend EURCV into it, and anyone holding WBTC 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 $6.14M is supplied and $5.53M borrowed, so 90.0% of the market is in use, backed by $10.13M of WBTC from 58 borrowers. Borrowers pay 2.02% a year, 2.01% on average over the last 30 days and 1.20% over the last year. Lenders earn 1.82%.
1 listed vault lends here, providing $6.14M of the supply; the largest is Steakhouse Prime EURCV. Liquidators who close an unsafe loan here receive a 4.38% bonus in WBTC. If WBTC fell 20% against EURCV, about $155K of collateral would be at risk of liquidation.
WBTC / EURCV (86% LLTV, Chainlink V2 oracle) on Ethereum: quick answers
What is the EURCV borrow rate against WBTC on Morpho Ethereum?
In this market it is 2.02% a year right now, and it averaged 2.01% 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 are WBTC / EURCV 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 37.80K EURCV.
How much EURCV can be borrowed here right now?
$611K is free in the market, and vaults can move in up to $9.0K more through Morpho's public allocator, for about $620K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the WBTC / EURCV market?
Lenders earn 1.82% a year right now (1.81% averaged over 30 days). Most lend through vaults, such as Steakhouse Prime EURCV, which spread deposits across several markets.
Other WBTC / EURCV markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| WBTC / EURCVEthereum · LLTV 86% | 1.80% | 2.00% |
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 / USDTEthereum · LLTV 86% | 3.00% | 3.66% |
| WBTC / USDCArbitrum · LLTV 86% | 6.66% | 7.17% |
| WBTC / USDCEthereum · LLTV 86% | 4.48% | 5.17% |
