avKAT / vbUSDT on Katana
A Morpho market on Katana where people borrow vbUSDT against avKAT. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 3.52% a year and borrowers pay 3.85% right now.
Data from Morpho's API · updated
Borrow APY
3.85%
30-day average 3.75%
Supply APY
3.52%
30-day average 3.23%
Supplied
$1.8K
1.83K vbUSDT
Borrowed
$1.7K
91.5% utilization
Available to borrow
$155
up to $555 with vault liquidity
Collateral posted
$4.9K
754.43K avKAT
avKAT / vbUSDT rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
avKAT / vbUSDT 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 2.73% 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 vbUSDT. 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 vbUSDT | 0.00654 vbUSDT |
| Oracle | ChainlinkOracleV20x1Ca5…6dE2 |
| Price feeds | 0xC7Ae…D9e3 0xc627…e4b2 0xF03E…ec78 0x7231…fCeB |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | vbUSDTprice $0.9998 |
|---|---|
| Collateral | avKATprice $0.0065 |
| Borrowers | 7 |
| Created | May 16, 2026 |
| Market ID | 0x95f193f8…17fa6c |
| Rate model | 0x4F70…B428 |
| avKAT token | 0x7231…fCeB |
| vbUSDT token | 0x2DCa…D2F2 |
Vaults lending here
$1.8K of the $1.8K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Yearn OG USDTV2lends directly | $1.8K |
Largest borrowers
7 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xb4b9…00E2 | $1.5K | 1.43 |
| 0xE906…9D98 | $100 | 2.31 |
| 0x98F1…ceb5 | $31.00 | 1.47 |
| 0x5DEC…1693 | $28.00 | 1.50 |
| 0x4D36…A44e | $1.00 | 2.10 |
| 0x75a1…780D | $0 | >99 |
| 0x5698…62B0 | $0 | 1.38 |
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 |
|---|---|---|
| $15.0215.02 vbUSDT | 0xac62…af03 |
About the avKAT / vbUSDT market
The avKAT / vbUSDT market on Katana was created on May 16, 2026. Anyone can lend vbUSDT into it, and anyone holding avKAT can borrow that vbUSDT 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 $1.8K is supplied and $1.7K borrowed, so 91.5% of the market is in use, backed by $4.9K of avKAT from 7 borrowers. Borrowers pay 3.85% a year, 3.75% on average over the last 30 days. Lenders earn 3.52%.
1 listed vault lends here, providing $1.8K of the supply; the largest is Yearn OG USDT. Liquidators who close an unsafe loan here receive a 12.68% bonus in avKAT.
avKAT / vbUSDT on Katana: quick answers
What is the vbUSDT borrow rate against avKAT on Morpho Katana?
In this market it is 3.85% a year right now, and it averaged 3.75% over the last 30 days. The rate is variable: it follows how much of the market's vbUSDT is borrowed, rising quickly above 90%.
When is a avKAT / vbUSDT 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 vbUSDT.
How much vbUSDT can be borrowed here right now?
$155 is free in the market, and vaults can move in up to $400 more through Morpho's public allocator, for about $555 in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the avKAT / vbUSDT market?
Lenders earn 3.52% a year right now (3.23% averaged over 30 days). Most lend through vaults, such as Yearn OG USDT, 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% | 3.92% | 4.32% |
