avKAT / vbUSDC on Katana
A Morpho market on Katana where people borrow vbUSDC against avKAT. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 0.01% a year and borrowers pay 1.42% right now.
Data from Morpho's API · updated
Borrow APY
1.42%
30-day average 6.86%
Supply APY
0.01%
30-day average 6.22%
Supplied
$10.5K
10.52K vbUSDC
Borrowed
$82.00
0.8% utilization
Available to borrow
$10.4K
up to $17.0K with vault liquidity
Collateral posted
$280
42.80K avKAT
avKAT / vbUSDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
avKAT / vbUSDC 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 5.62% 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 vbUSDC. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 62.5%fixed for the life of the market |
|---|---|
| Liquidation bonus | 12.68%extra collateral a liquidator receives |
| avKAT price in vbUSDC | 0.00654 vbUSDC |
| Oracle | ChainlinkOracleV20xe8Ba…D981 |
| Price feeds | 0xC7Ae…D9e3 0xc627…e4b2 0xbe5C…9606 0x7231…fCeB |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | vbUSDCprice $0.9999 |
|---|---|
| Collateral | avKATprice $0.0065 |
| Borrowers | 7 |
| Created | May 16, 2026 |
| Market ID | 0xbd48214a…f2a138 |
| Rate model | 0x4F70…B428 |
| avKAT token | 0x7231…fCeB |
| vbUSDC token | 0x203A…FD36 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
7 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x5321…9df0 | $70.00 | 1.61 |
| 0x2bb6…fE4A | $6.00 | 1.24 |
| 0x077D…fA38 | $5.00 | 2.53 |
| 0x548e…5025 | $0 | 1.25 |
| 0x27B0…99F7 | $0 | 1.38 |
| 0x0edc…BdeA | $0 | 1.11 |
| 0x3E68…f13f | $0 | >99 |
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
| When | Debt repaid | Transaction |
|---|---|---|
| $2.002.00 vbUSDC | 0xfcd9…6a05 |
About the avKAT / vbUSDC market
The avKAT / vbUSDC market on Katana was created on May 16, 2026. Anyone can lend vbUSDC into it, and anyone holding avKAT can borrow that vbUSDC against it, up to a loan-to-value of 62.5% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $10.5K is supplied and $82.00 borrowed, so 0.8% of the market is in use, backed by $280 of avKAT from 7 borrowers. Borrowers pay 1.42% a year, 6.86% on average over the last 30 days. Lenders earn 0.01%.
No listed vault lends to this market right now, so its supply comes from direct lenders. Liquidators who close an unsafe loan here receive a 12.68% bonus in avKAT.
avKAT / vbUSDC on Katana: quick answers
What is the vbUSDC borrow rate against avKAT on Morpho Katana?
In this market it is 1.42% a year right now, and it averaged 6.86% over the last 30 days. The rate is variable: it follows how much of the market's vbUSDC is borrowed, rising quickly above 90%.
When is a avKAT / vbUSDC loan liquidated?
When the loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes avKAT worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if avKAT fell to about 0.00523 vbUSDC.
How much vbUSDC can be borrowed here right now?
$10.4K is free in the market, and vaults can move in up to $6.6K more through Morpho's public allocator, for about $17.0K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the avKAT / vbUSDC market?
Lenders earn 0.01% a year right now (6.22% averaged over 30 days). Most lend through vaults, 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 / KATKatana · LLTV 77% | 4.26% | 4.70% |
| avKAT / vbUSDTKatana · LLTV 62.5% | 5.49% | 6.02% |
