weETH / vbUSDC on Katana
A Morpho market on Katana where people borrow vbUSDC against weETH. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 0.01% a year and borrowers pay 0.05% right now.
Data from Morpho's API · updated
Borrow APY
0.05%
30-day average 0.01%
Supply APY
0.01%
30-day average 0.01%
Supplied
$20.2K
20.25K vbUSDC
Borrowed
$5.5K
27.2% utilization
Available to borrow
$14.7K
free liquidity right now
Collateral posted
$10.4K
3.46 weETH
weETH / vbUSDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
weETH / 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 0.10% 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 weETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's weETH price in vbUSDC. 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 |
| weETH price in vbUSDC | 3.00K vbUSDC |
| Oracle | ChainlinkOracleV20x9b32…718c |
| Price feeds | 0xe8D9…6FB2 0x7BdB…8eEE 0xbe5C…9606 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | vbUSDCprice $0.9999 |
|---|---|
| Collateral | weETHprice $3.0K |
| Borrowers | 2 |
| Created | May 25, 2026 |
| Market ID | 0x9f24e1fc…76b76e |
| Rate model | 0x4F70…B428 |
| weETH token | 0x9893…19a7 |
| vbUSDC token | 0x203A…FD36 |
Vaults lending here
$5.3K of the $20.2K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Yearn Degen USDCV2lends directly | $5.3K |
Largest borrowers
2 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xDEC2…7621 | $5.5K | 1.60 |
| 0x75a1…780D | $0 | 14.60 |
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 weETH / vbUSDC market
The weETH / vbUSDC market on Katana was created on May 25, 2026. Anyone can lend vbUSDC into it, and anyone holding weETH can borrow that vbUSDC against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $20.2K is supplied and $5.5K borrowed, so 27.2% of the market is in use, backed by $10.4K of weETH from 2 borrowers. Borrowers pay 0.05% a year, 0.01% on average over the last 30 days. Lenders earn 0.01%.
1 listed vault lends here, providing $5.3K of the supply; the largest is Yearn Degen USDC. Liquidators who close an unsafe loan here receive a 4.38% bonus in weETH.
weETH / vbUSDC 86% on Katana: quick answers
What is the vbUSDC borrow rate against weETH on Morpho Katana?
In this market it is 0.05% a year right now, and it averaged 0.01% 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 weETH / vbUSDC 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 weETH worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if weETH fell to about 1.75K vbUSDC.
How much vbUSDC can be borrowed here right now?
$14.7K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the weETH / vbUSDC market?
Lenders earn 0.01% a year right now (0.01% averaged over 30 days). Most lend through vaults, such as Yearn Degen USDC, which spread deposits across several markets.
Other weETH / vbUSDC markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| weETH / vbUSDCKatana · LLTV 77% | <0.01% | 0.03% |
More ways to borrow against weETH
Other loan assets with weETH as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| weETH / RLUSDEthereum · LLTV 86% | 3.80% | 4.31% |
| weETH / PYUSDEthereum · LLTV 86% | 4.10% | 5.00% |
| weETH / USDCEthereum · LLTV 86% | 4.64% | 5.16% |
| weETH / WETHEthereum · LLTV 94.5% | 3.27% | 3.55% |
| weETH / USDTEthereum · LLTV 86% | 2.54% | 3.37% |
| weETH / vbETHKatana · LLTV 91.5% | 2.97%+0.20% rewards | 3.43% |
