KAT / vbUSDC on Katana
A Morpho market on Katana where people borrow vbUSDC against KAT. A loan can be liquidated once it reaches 62.5% of the collateral's value. Lenders earn 0.06% a year and borrowers pay 0.09% right now.
Data from Morpho's API · updated
Borrow APY
0.09%
30-day average 0.08%
Supply APY
0.06%
30-day average 0.06%
Supplied
$2.0K
2.00K vbUSDC
Borrowed
$1.2K
61.5% utilization
Available to borrow
$771
up to $13.3K with vault liquidity
Collateral posted
$4.2K
1.32M KAT
KAT / vbUSDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
KAT / 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 0.12% 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 KAT collateral could be liquidated if its price fell by each amount
Based on today's loans and today's KAT 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 |
| KAT price in vbUSDC | 0.00321 vbUSDCthe market's oracle, which liquidations follow |
| Oracle | ChainlinkOracleV20xF436…8800 |
| Price feeds | 0xc627…e4b2 0xbe5C…9606 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | vbUSDCprice $0.9996 |
|---|---|
| Collateral | KATprice $0.0032 |
| Borrowers | 8 |
| Created | March 28, 2026 |
| Market ID | 0x913c787d…219dcf |
| Rate model | 0x4F70…B428 |
| KAT token | 0x7F1f…DC2d |
| vbUSDC token | 0x203A…FD36 |
Vaults lending here
No listed vault lends to this market right now
Largest borrowers
8 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x5bfF…06E8 | $1.2K | 2.17 |
| 0xB378…6De1 | $12.00 | 2.46 |
| 0xE817…aeb8 | $1.00 | 1.49 |
| 0xD8F8…d9b8 | $0 | 23.06 |
| 0x21eC…2810 | $0 | >99 |
| 0x13be…80db | $0 | 1.27 |
| 0xAfBe…7E92 | $0 | – |
| 0x68d9…c76D | $0 | – |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
2 in the last 30 days, $23.88 of debt repaid
| When | Debt repaid | Transaction |
|---|---|---|
| $21.7721.78 vbUSDC | 0x6148…8937 | |
| $2.112.11 vbUSDC | 0x5130…c1b2 |
About the KAT / vbUSDC market
The KAT / vbUSDC market on Katana was created on March 28, 2026. Anyone can lend vbUSDC into it, and anyone holding KAT 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 $2.0K is supplied and $1.2K borrowed, so 61.5% of the market is in use, backed by $4.2K of KAT from 8 borrowers. Borrowers pay 0.09% a year, 0.08% on average over the last 30 days. Lenders earn 0.06%.
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 KAT. 2 loans were liquidated here in the last 30 days.
KAT / vbUSDC on Katana: quick answers
What is the vbUSDC borrow rate against KAT on Morpho Katana?
In this market it is 0.09% a year right now, and it averaged 0.08% 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 are KAT / vbUSDC loans liquidated?
When a loan reaches 62.5% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes KAT worth 12.68% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if KAT fell to about 0.00257 vbUSDC.
How much vbUSDC can be borrowed here right now?
$771 is free in the market, and vaults can move in up to $12.5K more through Morpho's public allocator, for about $13.3K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the KAT / vbUSDC market?
Lenders earn 0.06% a year right now (0.06% averaged over 30 days). No listed vault lends here, so the supply comes from people lending directly.