weETH / vbUSDT on Katana
A Morpho market on Katana where people borrow vbUSDT against weETH. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 0.72% a year and borrowers pay 0.79% right now.
Data from Morpho's API · updated
Borrow APY
0.79%
30-day average 0.66%
Supply APY
0.72%
30-day average 0.33%
Supplied
$12.7K
12.70K vbUSDT
Borrowed
$11.6K
91.4% utilization
Available to borrow
$1.1K
up to $1.3K with vault liquidity
Collateral posted
$32.1K
10.83 weETH
weETH / vbUSDT rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
weETH / 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 0.56% 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 vbUSDT. 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 |
| weETH price in vbUSDT | 2.97K vbUSDT |
| Oracle | ChainlinkOracleV20xE892…8364 |
| Price feeds | 0xe8D9…6FB2 0x7BdB…8eEE 0xF03E…ec78 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | vbUSDTprice $0.9999 |
|---|---|
| Collateral | weETHprice $3.0K |
| Borrow APY, last year | 1.55% |
| Borrowers | 3 |
| Created | August 7, 2025 |
| Market ID | 0xa6ce5929…b0485a |
| Rate model | 0x4F70…B428 |
| weETH token | 0x9893…19a7 |
| vbUSDT token | 0x2DCa…D2F2 |
Vaults lending here
$197 of the $12.7K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Yearn OG USDTlends directly | $197 |
Largest borrowers
3 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x6F4F…34fB | $7.5K | 2.08 |
| 0xbbFf…191D | $4.1K | 2.21 |
| 0x9845…173d | $0 | 4.41 |
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 / vbUSDT market
The weETH / vbUSDT market on Katana was created on August 7, 2025. Anyone can lend vbUSDT into it, and anyone holding weETH can borrow that vbUSDT against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $12.7K is supplied and $11.6K borrowed, so 91.4% of the market is in use, backed by $32.1K of weETH from 3 borrowers. Borrowers pay 0.79% a year, 0.66% on average over the last 30 days and 1.55% over the last year. Lenders earn 0.72%.
1 listed vault lends here, providing $197 of the supply; the largest is Yearn OG USDT. Liquidators who close an unsafe loan here receive a 7.41% bonus in weETH.
weETH / vbUSDT 77% on Katana: quick answers
What is the vbUSDT borrow rate against weETH on Morpho Katana?
In this market it is 0.79% a year right now, and it averaged 0.66% 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 weETH / vbUSDT loan liquidated?
When the loan reaches 77% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes weETH worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if weETH fell to about 1.93K vbUSDT.
How much vbUSDT can be borrowed here right now?
$1.1K is free in the market, and vaults can move in up to $203 more through Morpho's public allocator, for about $1.3K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the weETH / vbUSDT market?
Lenders earn 0.72% a year right now (0.33% averaged over 30 days). Most lend through vaults, such as Yearn OG USDT, which spread deposits across several markets.
Other weETH / vbUSDT markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| weETH / vbUSDTKatana · LLTV 86% | 3.80%+0.61% rewards | 4.97% |
More ways to borrow against weETH
Other loan assets with weETH as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| weETH / RLUSDEthereum · LLTV 86% | 3.77% | 4.20% |
| weETH / PYUSDEthereum · LLTV 86% | 5.28% | 5.84% |
| weETH / WETHEthereum · LLTV 94.5% | 1.95% | 2.16% |
| weETH / USDCEthereum · LLTV 86% | 4.49% | 5.00% |
| weETH / vbETHKatana · LLTV 91.5% | 8.50% | 8.73% |
| weETH / USDTEthereum · LLTV 86% | 4.61% | 5.07% |
