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tBTC

tBTC markets

Every market here lends tBTC and measures in it — every figure on this page is a quantity of tBTC, never dollars. A market’s loan-to-value is its whole risk surface: the borrow limit and the liquidation line at once, fixed when the market was created. Sizes are the balance each market last settled, left as the contract stores them; the rates are live.

Chain snapshot · block 25,884,918 · every market’s state read from the Morpho Blue singleton · roster censused at block 25,540,377

8 markets · 4 hold supply · 3 have borrowing4.8e-4 supplied · 1.2e-17 borrowed, in tBTC · 0% utilisation4.3k tBTC exists

Markets

Biggest book first. The bar is borrow ÷ supply, the one aggregate ratio Blue keeps; the lltv beside it is the market’s whole risk surface. Sizes are the balance each market last settled, never projected forward; the rates are live.

collateralborrow ÷ supplylltvsuppliedutilisationborrow aprsupply aprfeemarket
idle — no collateral
0.0%3.1e-4util 0%no IRMno IRMfee 0%0x5aeb…e287no oracle
PT-LBTC-26JUN2025
91.5%1.0e-4util 0%0.02% borrow0.00% supplyfee 0%0x12c7…e193oracle
LBTC
91.5%4.0e-5util 0%13.68% borrow0.00% supplyfee 0%0x07fd…6665oracle
eBTC
91.5%3.0e-5util 0%13.73% borrow0.00% supplyfee 0%0x1383…4ed4oracle

Created, never funded

4 tBTC markets hold no supply at this block. Creating a market on Blue is permissionless and costs only gas, so most of them were simply never used — they carry the parameters they were born with and nothing else. They are listed because the roster is the protocol’s, not ours; markets born with the same collateral and the same loan-to-value are one line with a count.

Show 4 empty markets
LBTC / tBTC · 94.5%cbBTC / tBTC · 94.5%wstETH / tBTC · 91.5%wstETH / tBTC · 86.0%