WBTC / RLUSD on Ethereum
A Morpho market on Ethereum where people borrow RLUSD against WBTC. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 3.65% a year and borrowers pay 4.00% right now.
Data from Morpho's API · updated
Borrow APY
4.00%
30-day average 2.87%
Supply APY
3.65%
30-day average 2.55%
Supplied
$35.96M
35.96M RLUSD
Borrowed
$32.87M
91.4% utilization
Available to borrow
$3.08M
free liquidity right now
Collateral posted
$47.72M
663.67 WBTC
WBTC / RLUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
WBTC / RLUSD 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 2.79% 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 RLUSD. 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 RLUSD | 71.84K RLUSDthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xF587…7E8d |
| Price feeds | 0xfdFD…BB23 0xF403…E88c 0x26C4…7f2A |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | RLUSDprice $0.9998 |
|---|---|
| Collateral | WBTCprice $71.9K |
| Borrowers | 57 |
| Created | April 30, 2026 |
| Market ID | 0xa128dddc…a9ec6b |
| Rate model | 0x870a…00BC |
| WBTC token | 0x2260…C599 |
| RLUSD token | 0x8292…17eD |
Vaults lending here
$35.96M of the $35.96M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Sentora x Spark RLUSDV2lends directly | $35.52M |
| Sentora RLUSD MainV2lends directly | $436K |
Largest borrowers
57 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x8667…80e3 | $14.35M | 1.26 |
| 0x60A2…8C44 | $8.44M | 1.21 |
| 0x8328…f54a | $3.54M | 1.26 |
| 0xdb9e…a0c3 | $1.77M | 1.46 |
| 0x37aD…754E | $924K | 1.26 |
| 0x518b…f200 | $651K | 1.28 |
| 0xFb69…0784 | $628K | 1.34 |
| 0x5681…A43B | $360K | 2.31 |
| 0x4EB1…C186 | $319K | 1.46 |
| 0x6D3B…5409 | $245K | 1.31 |
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 / RLUSD market
The WBTC / RLUSD market on Ethereum was created on April 30, 2026. Anyone can lend RLUSD into it, and anyone holding WBTC can borrow that RLUSD against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $35.96M is supplied and $32.87M borrowed, so 91.4% of the market is in use, backed by $47.72M of WBTC from 57 borrowers. Borrowers pay 4.00% a year, 2.87% on average over the last 30 days. Lenders earn 3.65%.
2 listed vaults lend here, providing $35.96M of the supply; the largest are Sentora x Spark RLUSD and Sentora RLUSD Main. Liquidators who close an unsafe loan here receive a 4.38% bonus in WBTC. If WBTC fell 20% against RLUSD, about $12.06M of collateral would be at risk of liquidation.
WBTC / RLUSD on Ethereum: quick answers
What is the RLUSD borrow rate against WBTC on Morpho Ethereum?
In this market it is 4.00% a year right now, and it averaged 2.87% over the last 30 days. The rate is variable: it follows how much of the market's RLUSD is borrowed, rising quickly above 90%.
When are WBTC / RLUSD 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 41.77K RLUSD.
How much RLUSD can be borrowed here right now?
$3.08M 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 / RLUSD market?
Lenders earn 3.65% a year right now (2.55% averaged over 30 days). Most lend through vaults, such as Sentora x Spark RLUSD and Sentora RLUSD Main, which spread deposits across several markets.
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 / EURCVEthereum · LLTV 86% | 1.82% | 2.02% |
| WBTC / USDTEthereum · LLTV 86% | 3.00% | 3.66% |
| WBTC / EURCVEthereum · LLTV 86% | 1.80% | 2.00% |
| WBTC / USDCArbitrum · LLTV 86% | 6.66% | 7.17% |
