yvvbETH / vbUSDC on Katana
A Morpho market on Katana where people borrow vbUSDC against yvvbETH. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 3.31% a year and borrowers pay 3.69% right now.
Data from Morpho's API · updated
Borrow APY
3.69%
30-day average 4.12%
Supply APY
3.31%
30-day average 3.62%
Supplied
$1.89M
1.89M vbUSDC
Borrowed
$1.70M
90.1% utilization
Available to borrow
$188K
up to $196K with vault liquidity
Collateral posted
$5.02M
1.84K yvvbETH
yvvbETH / vbUSDC rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
yvvbETH / 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 3.62% 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 yvvbETH collateral could be liquidated if its price fell by each amount
Based on today's loans and today's yvvbETH price in vbUSDC. 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 |
| yvvbETH price in vbUSDC | 2.73K vbUSDC |
| Oracle | ChainlinkOracleV20xaa98…Aba4 |
| Price feeds | 0x7BdB…8eEE 0xbe5C…9606 0xE007…8f37 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | vbUSDCprice $0.9999 |
|---|---|
| Collateral | yvvbETHprice $2.7K |
| Borrow APY, last year | 3.59% |
| Borrowers | 129 |
| Created | August 20, 2025 |
| Market ID | 0x08f67ef4…b78b8c |
| Rate model | 0x4F70…B428 |
| yvvbETH token | 0xE007…8f37 |
| vbUSDC token | 0x203A…FD36 |
Vaults lending here
$1.89M of the $1.89M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Yearn OG USDCV2lends directly | $1.89M |
Largest borrowers
129 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xb867…a747 | $1.57M | 2.26 |
| 0xdb6C…319e | $44.3K | 2.88 |
| 0xEF31…5597 | $29.5K | 1.24 |
| 0xd42A…121E | $13.2K | 2.96 |
| 0x00c7…7341 | $12.9K | 1.65 |
| 0xB7CB…212C | $7.6K | 2.37 |
| 0xD525…65a3 | $6.1K | 1.98 |
| 0x2942…1CdC | $4.2K | 2.47 |
| 0x2777…BC27 | $2.4K | 2.09 |
| 0x5af8…23c0 | $1.9K | 2.02 |
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 yvvbETH / vbUSDC market
The yvvbETH / vbUSDC market on Katana was created on August 20, 2025. Anyone can lend vbUSDC into it, and anyone holding yvvbETH can borrow that vbUSDC against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $1.89M is supplied and $1.70M borrowed, so 90.1% of the market is in use, backed by $5.02M of yvvbETH from 129 borrowers. Borrowers pay 3.69% a year, 4.12% on average over the last 30 days and 3.59% over the last year. Lenders earn 3.31%.
1 listed vault lends here, providing $1.89M of the supply; the largest is Yearn OG USDC. Liquidators who close an unsafe loan here receive a 7.41% bonus in yvvbETH.
yvvbETH / vbUSDC on Katana: quick answers
What is the vbUSDC borrow rate against yvvbETH on Morpho Katana?
In this market it is 3.69% a year right now, and it averaged 4.12% 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 yvvbETH / vbUSDC 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 yvvbETH worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if yvvbETH fell to about 1.77K vbUSDC.
How much vbUSDC can be borrowed here right now?
$188K is free in the market, and vaults can move in up to $7.6K more through Morpho's public allocator, for about $196K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the yvvbETH / vbUSDC market?
Lenders earn 3.31% a year right now (3.62% averaged over 30 days). Most lend through vaults, such as Yearn OG USDC, which spread deposits across several markets.