WBTC / tGBP on Ethereum
A Morpho market on Ethereum where people borrow tGBP against WBTC. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 0.15% a year and borrowers pay 0.27% right now.
Data from Morpho's API · updated
Borrow APY
0.27%
30-day average 0.68%
Supply APY
0.15%
30-day average 0.51%
Supplied
$183K
138.51K tGBP
Borrowed
$104K
56.7% utilization
Available to borrow
$79.5K
free liquidity right now
Collateral posted
$213K
2.54 WBTC
WBTC / tGBP rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
WBTC / tGBP 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 0.31% 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 tGBP. 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 tGBP | 63.34K tGBP |
| Oracle | Unknown0xA2eD…FfcF |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | tGBPprice $1.3244 |
|---|---|
| Collateral | WBTCprice $83.9K |
| Borrowers | 5 |
| Created | April 9, 2026 |
| Market ID | 0x9d1d0c9b…e574b1 |
| Rate model | 0x870a…00BC |
| WBTC token | 0x2260…C599 |
| tGBP token | 0x27f6…5287 |
Vaults lending here
$183K of the $183K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Steakhouse tGBPV2lends directly | $183K |
Largest borrowers
5 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xAAF6…Ab65 | $83.0K | 1.76 |
| 0x78D0…0eBC | $14.3K | 1.89 |
| 0x3892…30dF | $6.6K | 1.54 |
| 0xAF52…1aD0 | $13.00 | 1.79 |
| 0xfeed…3C9a | $1.00 | 4.20 |
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 / tGBP market
The WBTC / tGBP market on Ethereum was created on April 9, 2026. Anyone can lend tGBP into it, and anyone holding WBTC can borrow that tGBP 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 $183K is supplied and $104K borrowed, so 56.7% of the market is in use, backed by $213K of WBTC from 5 borrowers. Borrowers pay 0.27% a year, 0.68% on average over the last 30 days. Lenders earn 0.15%.
1 listed vault lends here, providing $183K of the supply; the largest is Steakhouse tGBP. Liquidators who close an unsafe loan here receive a 4.38% bonus in WBTC.
WBTC / tGBP on Ethereum: quick answers
What is the tGBP borrow rate against WBTC on Morpho Ethereum?
In this market it is 0.27% a year right now, and it averaged 0.68% over the last 30 days. The rate is variable: it follows how much of the market's tGBP is borrowed, rising quickly above 90%.
When is a WBTC / tGBP 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 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 36.83K tGBP.
How much tGBP can be borrowed here right now?
$79.5K 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 / tGBP market?
Lenders earn 0.15% a year right now (0.51% averaged over 30 days). Most lend through vaults, such as Steakhouse tGBP, 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% | 4.54% | 5.04% |
| WBTC / USDTEthereum · LLTV 86% | 4.09% | 4.52% |
| WBTC / EURCVEthereum · LLTV 86% | 1.82% | 2.02% |
| WBTC / RLUSDEthereum · LLTV 86% | 3.62% | 4.00% |
| WBTC / USDTEthereum · LLTV 86% | 4.56% | 5.02% |
| WBTC / USDCArbitrum · LLTV 86% | 1.99% | 2.96% |
