Morpho Blue · Ethereum · Arbitrum⛓ CoinGecko live

Health factor for isolated markets

Morpho Blue has no global pool — each market has its own LLTV. Calculate your liquidation price, safety margin and optimal loop leverage per pair.

Morpho Blue calculator — LLTV, health factor and leverage loops per isolated market

Morpho Blue is fundamentally different from Aave V3: instead of a global multi-collateral pool, it uses isolated markets where each collateral/debt pair (WBTC/USDC, wstETH/ETH, etc.) has its own LLTV (Liquidation Loan-to-Value) set by a curator. The LLTV is a single number that acts as both the maximum borrow capacity and the liquidation threshold — unlike Aave which separates LTV from LT. The WBTC/USDC market on Morpho has an LLTV of 86%, versus Aave V3 Arbitrum's 73% LTV and 78% liquidation threshold. With the same collateral and same borrow amount, Morpho typically gives you a higher health factor than Aave. The tradeoff: isolated markets mean risk is not socialized — if the curator sets bad parameters, only that market is at risk. This calculator covers the main Morpho Blue markets: WBTC, wstETH, ETH and stablecoin pairs, with live CoinGecko prices.
MarketWBTC/USDC
LLTV86%
Borrow APY (ref)~1.56%
ChainEthereum
Position Setup
units of WBTC
USDC per WBTC
USDC
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Results appear here

Defaults loaded — click Calculate.

Leverage Loop Simulator

Estimate the final collateral, debt, leverage and liquidation distance after N loops. Each loop: deposit collateral → borrow at X% of LLTV → buy more collateral → repeat.

5
80%
80% of LLTV 86% = 68.8% effective LTV per loop
Loop breakdown
Morpho Blue — Key Markets (reference)
Market LLTV Borrow APY Max leverage Chain
WBTC/USDC86%~1.56%7.1×Ethereum
WBTC/USDT86%~1.16%7.1×Ethereum
wstETH/USDC86%~4.67%7.1×Ethereum
wstETH/WETH94.5%~1.50%18.2×Ethereum
weETH/WETH86%~13.60%7.1×Ethereum
sdeUSD/USDC91.5%~6.47%11.8×Ethereum
ETH/USDC86%~3.20%7.1×Arbitrum
WBTC/USDC86%~1.80%7.1×Arbitrum
* Max leverage = 1/(1-LLTV). APRs are reference estimates — verify at app.morpho.org.
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