UBTC / USD₮0 on HyperEVM
A Morpho market on HyperEVM where people borrow USD₮0 against UBTC. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 15.54% a year and borrowers pay 16.67% right now.
Data from Morpho's API · updated
Borrow APY
16.67%
30-day average 10.05%
Supply APY
15.54%
30-day average 8.70%
Supplied
$166K
165.58K USD₮0
Borrowed
$155K
93.7% utilization
Available to borrow
$10.5K
free liquidity right now
Collateral posted
$289K
3.44 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 7.60% 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) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| UBTC price in USD₮0 | 83.98K USD₮0 |
| Oracle | ChainlinkOracleV20xcE5B…317f |
| Price feeds | 0x7d05…Ad5A 0x5e21…D184 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | USD₮0price $0.9997 |
|---|---|
| Collateral | UBTCprice $84.0K |
| Borrow APY, last year | 8.26% |
| Borrowers | 26 |
| Created | September 5, 2025 |
| Market ID | 0x6eb4ce92…40d4ef |
| Rate model | 0xD4a4…7483 |
| UBTC token | 0x9FDB…3463 |
| USD₮0 token | 0xB8CE…5ebb |
Vaults lending here
$143K of the $166K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Felix USDT0 (Frontier)lends directly | $85.5K |
| Felix USDT0 V2V2lends directly | $57.8K |
Largest borrowers
26 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x3C21…4168 | $58.9K | 1.28 |
| 0x94D8…aBEC | $32.4K | 1.38 |
| 0x593b…aC77 | $12.4K | 2.15 |
| 0xe223…dB5C | $10.6K | 1.37 |
| 0x4B90…F41B | $9.3K | 2.23 |
| 0xb731…c183 | $9.0K | 1.58 |
| 0x7A5f…d6eb | $4.7K | 1.49 |
| 0xeF5e…3cB0 | $3.7K | 1.79 |
| 0x02dC…4812 | $3.2K | 1.69 |
| 0x3F69…D039 | $3.1K | 4.28 |
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 September 5, 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 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $166K is supplied and $155K borrowed, so 93.7% of the market is in use, backed by $289K of UBTC from 26 borrowers. Borrowers pay 16.67% a year, 10.05% on average over the last 30 days and 8.26% over the last year. Lenders earn 15.54%.
2 listed vaults lend here, providing $143K of the supply; the largest are Felix USDT0 (Frontier) and Felix USDT0 V2. Liquidators who close an unsafe loan here receive a 4.38% bonus in UBTC. If UBTC fell 20% against USD₮0, about $19.00 of collateral would be at risk of liquidation.
UBTC / USD₮0 86% on HyperEVM: quick answers
What is the USD₮0 borrow rate against UBTC on Morpho HyperEVM?
In this market it is 16.67% a year right now, and it averaged 10.05% 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 is a UBTC / USD₮0 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 UBTC worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if UBTC fell to about 48.82K USD₮0.
How much USD₮0 can be borrowed here right now?
$10.5K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the UBTC / USD₮0 market?
Lenders earn 15.54% a year right now (8.70% averaged over 30 days). Most lend through vaults, such as Felix USDT0 (Frontier) and Felix USDT0 V2, 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 77% | 15.51% | 16.68% |
More ways to borrow against UBTC
Other loan assets with UBTC as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| UBTC / USDCHyperEVM · LLTV 77% | 4.22% | 5.49% |
| UBTC / USDeHyperEVM · LLTV 77% | 5.88% | 7.40% |
