Borrow USDC against cbBTC
Spend without selling your cbBTC: lock it as collateral on Morpho (Base), borrow USDC, and turn it into a virtual card, all in one flow. Live rate below.
- Borrow APY
- 4.74%
- Max LTV (Skope)
- 43%
- Liquidation LTV
- 86%
- Liquidity
- $164,798,036
How much can I borrow against cbBTC?
Skope targets a conservative 43% loan-to-value (the market liquidates at 86%), leaving a safety buffer. Rough guide at the current rate:
| cbBTC you lock | USDC you can borrow |
|---|---|
| $1,000 | ≈ $430 |
| $5,000 | ≈ $2,150 |
| $10,000 | ≈ $4,300 |
How it works
- Connect your wallet on Base and pick cbBTC as collateral.
- Choose your card amount; Skope sizes the loan and shows your health factor.
- Supply collateral and borrow USDC in one atomic transaction.
- The borrowed USDC funds a virtual Visa card you can spend online.
FAQ
- How much USDC can I borrow against cbBTC?
- Skope sizes a conservative loan at about 43% of your cbBTC value (the market's liquidation LTV is 86%). For example, $10,000 of cbBTC backs roughly $4,300 of borrowing.
- What is the borrow rate for cbBTC?
- The live USDC borrow rate is about 4.74% APY. It's variable and set by the market's interest-rate model; the figure on this page updates regularly.
- Do I keep my cbBTC?
- Yes. Your cbBTC stays as collateral in your own Morpho position and is returned when you repay. You keep exposure to its price.
- What happens if cbBTC drops in value?
- If your loan-to-value reaches the liquidation LTV (86%), the position can be liquidated to repay the debt. Borrowing well below that threshold reduces, but doesn't remove, the risk.
Related
Borrowing is over-collateralized and carries risk: if your collateral's value falls, your position can be liquidated. Rates shown are variable and update with the market. Skope is non-custodial and never holds your funds. This page is for general information only and is not financial, investment, tax, or legal advice.