cbBTC markets
Every market here lends cbBTC and measures in it — every figure on this page is a quantity of cbBTC, 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 51,725,762 · every market’s state read from the Morpho Blue singleton · roster censused at block 51,725,753
- Markets
- 738
- Supplied
- 3.00M cbBTC
- Borrowed
- 3.00M cbBTC
- Utilisation
- 100%
These books stand above the token itself: only 46.3k cbBTC exists. Blue credits accrued interest to a market’s stored supply without any token moving, so a market left at full utilisation while its rate climbs compounds its own book past the asset behind it. The figures here are what the contract stores, stated as it stores them. The 720-market GMORPHO family below accounts for nearly all of it.
The markets that carry the book
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.
720 markets that are one market 720 times over: cbBTC against GMORPHO at 98.0%
Every one of these has the same collateral, the same loan-to-value and the same interest-rate model; they differ only in the oracle they name — 720 different oracles — and they were created between blocks 29,282,831 and 29,283,505, 674 blocks and about 22 minutes apart. A market’s id is the hash of its parameters, so changing the oracle alone is enough to mint a new one. Every one of them sits at 100% utilisation: nothing was ever supplied here beyond what was borrowed, and the books have compounded from there.
Together they book 3.00M supplied · 3.00M borrowed, in cbBTC.
Show all 720 marketsHide the 720 markets
11 more funded markets, each below 0.1% of the book
Funded, and real, and each holding less than a thousandth of what the markets above hold between them. Every figure on their rows carries the same receipt as the rows above.
Show 11 marketsHide them
Created, never funded
2 cbBTC 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.