UBTC / USD₮0 on HyperEVM (77% LLTV)
A Morpho market on HyperEVM where people borrow USD₮0 against UBTC. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 6.97% a year and borrowers pay 8.00% right now.
Data from Morpho's API · updated
Borrow APY
8.00%
30-day average 8.92%
Supply APY
6.97%
30-day average 7.69%
Supplied
$1.21M
1.21M USD₮0
Borrowed
$1.06M
87.5% utilization
Available to borrow
$151K
free liquidity right now
Collateral posted
$1.76M
24.53 UBTC
UBTC / USD₮0 rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
UBTC / USD₮0 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 8.17% 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 UBTC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's UBTC price in USD₮0. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 77%fixed for the life of the market |
|---|---|
| Liquidation bonus | 7.41%extra collateral a liquidator receives |
| UBTC price in USD₮0 | 71.80K USD₮0the market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xcE5B…317f |
| Price feeds | 0x7d05…Ad5A 0x5e21…D184 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USD₮0price $0.9990 |
|---|---|
| Collateral | UBTCprice $71.8K |
| Borrow APY, last year | 7.77% |
| Borrowers | 171 |
| Created | May 9, 2025 |
| Market ID | 0x707dddc2…106e54 |
| Rate model | 0xD4a4…7483 |
| UBTC token | 0x9FDB…3463 |
| USD₮0 token | 0xB8CE…5ebb |
Vaults lending here
$836K of the $1.21M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Felix USDT0lends directly | $538K |
| Felix USDT0 V2V2lends directly | $283K |
| Gauntlet USDT0 Vaultlends directly | $14.7K |
Largest borrowers
171 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x6aE8…202c | $439K | 1.24 |
| 0xB989…A1c3 | $215K | 1.20 |
| 0x736D…2801 | $171K | 1.19 |
| 0x197E…f5F0 | $75.2K | 1.38 |
| 0x0d7a…81aA | $73.9K | 1.61 |
| 0xEc1c…B263 | $25.8K | 1.31 |
| 0x649B…C01a | $10.0K | 1.40 |
| 0x172e…FF41 | $9.3K | 1.15 |
| 0x527c…eE9F | $8.8K | 1.90 |
| 0x819E…6100 | $5.3K | 1.53 |
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 UBTC / USD₮0 market
The UBTC / USD₮0 market on HyperEVM was created on May 9, 2025. Anyone can lend USD₮0 into it, and anyone holding UBTC can borrow that USD₮0 against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $1.21M is supplied and $1.06M borrowed, so 87.5% of the market is in use, backed by $1.76M of UBTC from 171 borrowers. Borrowers pay 8.00% a year, 8.92% on average over the last 30 days and 7.77% over the last year. Lenders earn 6.97%.
3 listed vaults lend here, providing $836K of the supply; the largest are Felix USDT0, Felix USDT0 V2 and Gauntlet USDT0 Vault. Liquidators who close an unsafe loan here receive a 7.41% bonus in UBTC. If UBTC fell 20% against USD₮0, about $617K of collateral would be at risk of liquidation.
UBTC / USD₮0 (77% LLTV) on HyperEVM: quick answers
What is the USD₮0 borrow rate against UBTC on Morpho HyperEVM?
In this market it is 8.00% a year right now, and it averaged 8.92% over the last 30 days. The rate is variable: it follows how much of the market's USD₮0 is borrowed, rising quickly above 90%.
When are UBTC / USD₮0 loans liquidated?
When a loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes UBTC worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if UBTC fell to about 46.62K USD₮0.
How much USD₮0 can be borrowed here right now?
$151K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the UBTC / USD₮0 market?
Lenders earn 6.97% a year right now (7.69% averaged over 30 days). Most lend through vaults, such as Felix USDT0, Felix USDT0 V2 and Gauntlet USDT0 Vault, which spread deposits across several markets.
Other UBTC / USD₮0 markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| UBTC / USD₮0HyperEVM · LLTV 86% | 7.34% | 8.18% |
More ways to borrow against UBTC
Other loan assets with UBTC as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| UBTC / USDCHyperEVM · LLTV 77% | 4.64% | 5.73% |
| UBTC / USDeHyperEVM · LLTV 77% | 7.35% | 8.58% |
| UBTC / USDHLHyperEVM · LLTV 77% | 15.67% | 25.81% |
