WBTC / USDT0 on Polygon
A Morpho market on Polygon where people borrow USDT0 against WBTC. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 7.22% a year and borrowers pay 9.29% right now.
Data from Morpho's API · updated
Borrow APY
9.29%
30-day average 11.94%
Supply APY
7.22%
30-day average 10.17%
Supplied
$40.7K
40.70K USDT0
Borrowed
$31.9K
78.5% utilization
Available to borrow
$8.8K
free liquidity right now
Collateral posted
$78.3K
0.933 WBTC
WBTC / USDT0 rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
WBTC / USDT0 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 10.27% 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 WBTC collateral could be liquidated if its price fell by each amount
Based on today's loans and today's WBTC price in USDT0. 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 |
| WBTC price in USDT0 | 83.94K USDT0 |
| Oracle | ChainlinkOracleV20x15B4…6291 |
| Price feeds | 0xaca1…709A |
| Market fee | Noneshare of interest taken by the protocol |
| Pre-liquidation | Availableborrowers can opt in to gentler, earlier liquidations from 83.26% LTV |
Details
| Loan asset | USDT0price $0.9997 |
|---|---|
| Collateral | WBTCprice $83.9K |
| Borrow APY, last year | 6.45% |
| Borrowers | 20 |
| Created | February 20, 2025 |
| Market ID | 0x2476bb90…dfc998 |
| Rate model | 0xe675…F0B0 |
| WBTC token | 0x1BFD…BfD6 |
| USDT0 token | 0xc213…8e8F |
Vaults lending here
$16.8K of the $40.7K supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Compound USDTlends directly | $16.8K |
Largest borrowers
20 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0xF56D…DfF9 | $23.8K | 1.98 |
| 0x24AE…3FAf | $3.5K | 1.69 |
| 0xD6FA…e30B | $2.2K | 2.78 |
| 0x9f21…8bc8 | $1.0K | 2.44 |
| 0xa5DD…081D | $651 | 1.66 |
| 0x8243…8195 | $610 | 7.44 |
| 0xBD47…6E59 | $189 | 1.71 |
| 0x6E65…3f94 | $4.00 | 1.69 |
| 0xf603…fC18 | $1.00 | 2.41 |
| 0x420E…9f2b | $0 | 7.62 |
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 WBTC / USDT0 market
The WBTC / USDT0 market on Polygon was created on February 20, 2025. Anyone can lend USDT0 into it, and anyone holding WBTC can borrow that USDT0 against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $40.7K is supplied and $31.9K borrowed, so 78.5% of the market is in use, backed by $78.3K of WBTC from 20 borrowers. Borrowers pay 9.29% a year, 11.94% on average over the last 30 days and 6.45% over the last year. Lenders earn 7.22%.
1 listed vault lends here, providing $16.8K of the supply; the largest is Compound USDT. Liquidators who close an unsafe loan here receive a 4.38% bonus in WBTC.
WBTC / USDT0 on Polygon: quick answers
What is the USDT0 borrow rate against WBTC on Morpho Polygon?
In this market it is 9.29% a year right now, and it averaged 11.94% over the last 30 days. The rate is variable: it follows how much of the market's USDT0 is borrowed, rising quickly above 90%.
When is a WBTC / USDT0 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 WBTC worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if WBTC fell to about 48.80K USDT0.
How much USDT0 can be borrowed here right now?
$8.8K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the WBTC / USDT0 market?
Lenders earn 7.22% a year right now (10.17% averaged over 30 days). Most lend through vaults, such as Compound USDT, which spread deposits across several markets.
Other WBTC / USDT0 markets
The same pair with a different LLTV, oracle or network
| Market | Supply APY | Borrow APY |
|---|---|---|
| WBTC / USDT0Arbitrum · LLTV 86% | 2.05% | 2.97% |
More ways to borrow against WBTC
Other loan assets with WBTC as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| WBTC / USDCEthereum · LLTV 86% | 4.54% | 5.04% |
| WBTC / USDTEthereum · LLTV 86% | 4.09% | 4.52% |
| WBTC / EURCVEthereum · LLTV 86% | 1.82% | 2.02% |
| WBTC / RLUSDEthereum · LLTV 86% | 3.62% | 4.00% |
| WBTC / USDTEthereum · LLTV 86% | 4.56% | 5.02% |
| WBTC / USDCArbitrum · LLTV 86% | 1.99% | 2.96% |
