avKAT / KAT on Katana
A Morpho market on Katana where people borrow KAT against avKAT. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 3.91% a year and borrowers pay 4.79% right now.
Data from Morpho's API · updated
Borrow APY
4.79%
30-day average 6.27%
Supply APY
3.91%
30-day average 5.59%
Supplied
$321K
100.07M KAT
Borrowed
$263K
81.9% utilization
Available to borrow
$57.8K
free liquidity right now
Collateral posted
$440K
97.66M avKAT
avKAT / KAT rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
avKAT / KAT 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 5.14% 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 avKAT collateral could be liquidated if its price fell by each amount
Based on today's loans and today's avKAT price in KAT. 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 |
| avKAT price in KAT | 1.40 KATthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xC5d4…f47c |
| Price feeds | 0x7231…fCeB |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | KATprice $0.0032 |
|---|---|
| Collateral | avKATprice $0.0045 |
| Borrowers | 50 |
| Created | March 26, 2026 |
| Market ID | 0x80e60fe4…9783e9 |
| Rate model | 0x4F70…B428 |
| avKAT token | 0x7231…fCeB |
| KAT token | 0x7F1f…DC2d |
Vaults lending here
$320K of the $321K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Yearn KATV2lends directly | $320K |
Largest borrowers
50 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x6655…e784 | $146K | 1.00 |
| 0x94Ff…43d6 | $64.1K | 1.25 |
| 0x68bb…eFEa | $12.7K | 1.04 |
| 0x55A6…D07e | $11.2K | 1.02 |
| 0xA9B0…db0C | $7.4K | 1.00 |
| 0xE29B…EBE9 | $3.8K | 1.02 |
| 0x450C…5aa5 | $3.0K | 1.03 |
| 0x7170…11FD | $2.7K | 1.58 |
| 0xB147…3802 | $1.5K | 1.03 |
| 0x990a…2c03 | $1.4K | 1.90 |
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 avKAT / KAT market
The avKAT / KAT market on Katana was created on March 26, 2026. Anyone can lend KAT into it, and anyone holding avKAT can borrow that KAT against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $321K is supplied and $263K borrowed, so 81.9% of the market is in use, backed by $440K of avKAT from 50 borrowers. Borrowers pay 4.79% a year, 6.27% on average over the last 30 days. Lenders earn 3.91%.
1 listed vault lends here, providing $320K of the supply; the largest is Yearn KAT. Liquidators who close an unsafe loan here receive a 7.41% bonus in avKAT. If avKAT fell 20% against KAT, about $252K of collateral would be at risk of liquidation.
avKAT / KAT on Katana: quick answers
What is the KAT borrow rate against avKAT on Morpho Katana?
In this market it is 4.79% a year right now, and it averaged 6.27% over the last 30 days. The rate is variable: it follows how much of the market's KAT is borrowed, rising quickly above 90%.
When are avKAT / KAT 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 avKAT worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if avKAT fell to about 0.908 KAT.
How much KAT can be borrowed here right now?
$57.8K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the avKAT / KAT market?
Lenders earn 3.91% a year right now (5.59% averaged over 30 days). Most lend through vaults, such as Yearn KAT, which spread deposits across several markets.
More ways to borrow against avKAT
Other loan assets with avKAT as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| avKAT / vbUSDCKatana · LLTV 62.5% | 0.31% | 0.34% |
| avKAT / vbUSDTKatana · LLTV 62.5% | 0.02% | 0.41% |
