yvvbUSDC / vbETH on Katana
A Morpho market on Katana where people borrow vbETH against yvvbUSDC. A loan can be liquidated once it reaches 77% of the collateral's value. Lenders earn 0.23% a year and borrowers pay 0.26% right now.
Data from Morpho's API · updated
Borrow APY
0.26%
30-day average 0.25%
Supply APY
0.23%
30-day average 0.22%
Supplied
$23.9K
8.88 vbETH
Borrowed
$21.5K
90.2% utilization
Available to borrow
$2.3K
up to $5.2K with vault liquidity
Collateral posted
$34.1K
33.16K yvvbUSDC
yvvbUSDC / vbETH rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
yvvbUSDC / vbETH 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 0.25% 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 yvvbUSDC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's yvvbUSDC price in vbETH. 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 |
| yvvbUSDC price in vbETH | 0.000383 vbETH |
| Oracle | ChainlinkOracleV20x42C3…CBA2 |
| Price feeds | 0xbe5C…9606 0x7BdB…8eEE 0x80c3…B159 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | vbETHprice $2.7K |
|---|---|
| Collateral | yvvbUSDCprice $1.0272 |
| Borrowers | 5 |
| Created | December 9, 2025 |
| Market ID | 0x2c4f26c7…0f8ba8 |
| Rate model | 0x4F70…B428 |
| yvvbUSDC token | 0x80c3…B159 |
| vbETH token | 0xEE7D…aB62 |
Vaults lending here
$23.9K of the $23.9K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Yearn OG ETHV2lends directly | $23.9K |
Largest borrowers
5 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xf06c…0E07 | $21.6K | 1.22 |
| 0x5f3B…773a | $5.00 | 1.62 |
| 0x75a1…780D | $0 | 3.26 |
| 0x19b8…bcfa | $0 | 8.57 |
| 0x58Fb…cBB1 | $0 | >99 |
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 yvvbUSDC / vbETH market
The yvvbUSDC / vbETH market on Katana was created on December 9, 2025. Anyone can lend vbETH into it, and anyone holding yvvbUSDC can borrow that vbETH against it, up to a loan-to-value of 77% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $23.9K is supplied and $21.5K borrowed, so 90.2% of the market is in use, backed by $34.1K of yvvbUSDC from 5 borrowers. Borrowers pay 0.26% a year, 0.25% on average over the last 30 days. Lenders earn 0.23%.
1 listed vault lends here, providing $23.9K of the supply; the largest is Yearn OG ETH. Liquidators who close an unsafe loan here receive a 7.41% bonus in yvvbUSDC. If yvvbUSDC fell 20% against vbETH, about $34.0K of collateral would be at risk of liquidation.
yvvbUSDC / vbETH on Katana: quick answers
What is the vbETH borrow rate against yvvbUSDC on Morpho Katana?
In this market it is 0.26% a year right now, and it averaged 0.25% over the last 30 days. The rate is variable: it follows how much of the market's vbETH is borrowed, rising quickly above 90%.
When is a yvvbUSDC / vbETH 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 yvvbUSDC worth 7.41% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if yvvbUSDC fell to about 0.000248 vbETH.
How much vbETH can be borrowed here right now?
$2.3K is free in the market, and vaults can move in up to $2.8K more through Morpho's public allocator, for about $5.2K in all. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the yvvbUSDC / vbETH market?
Lenders earn 0.23% a year right now (0.22% averaged over 30 days). Most lend through vaults, such as Yearn OG ETH, which spread deposits across several markets.
More ways to borrow against yvvbUSDC
Other loan assets with yvvbUSDC as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| yvvbUSDC / vbUSDTKatana · LLTV 86% | 3.21%+0.73% rewards | 3.69% |
