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Katana
Polygon CDK
Live since JUL 2025
#1 of 1 lending protocols
Active Loans
$50.24M
30d -25.5%
Borrow Interest
$1.91M
annualized
Net Interest Margin
72 bps
weighted spread
Utilization
37.2%
loans ÷ deposits
Active Loans 30d Δ
-25.5%
vs 30 days ago
TVL
$88.37M
share 100.0%
Lending TVL on Katana. Top 1 Protocols
Top 1 lending protocols on Katana by TVL. 7-day moving average.
Morpho
Top Markets on Katana
| Market | Total Supply | Active Loans | Utilization | Supply APY | Borrow APY | Borrow Interest |
|---|---|---|---|---|---|---|
| vbWBTC / vbUSDC86% LLTV | $25.16M | $21.82M | 86.7% | 4.00% | 4.63% | $1.01M |
| weETH / vbETH92% LLTV | $16.22M | $12.91M | 79.6% | 0.68% | 0.85% | $110.24K |
| vbETH / vbUSDC86% LLTV | $3.98M | $3.58M | 90.0% | 4.37% | 4.87% | $174.54K |
| vbWBTC / vbUSDT86% LLTV | $3.19M | $2.22M | 69.6% | 1.90% | 2.74% | $60.83K |
| yvvbETH / vbUSDC77% LLTV | $2.7M | $2.45M | 90.8% | 3.90% | 4.31% | $105.67K |
| yvvbUSDT / vbUSDC86% LLTV | $1.86M | $1.58M | 84.7% | 3.93% | 4.65% | $73.24K |
| yvvbUSDC / vbUSDT86% LLTV | $1.74M | $1.5M | 86.2% | 2.33% | 2.70% | $40.62K |
| vbWBTC / AUSD86% LLTV | $1.06M | $1.06M | 100.0% | 22.68% | 22.68% | $239.76K |
| LBTC / vbUSDC86% LLTV | $758.61K | $522.9K | 68.9% | 2.92% | 4.27% | $22.33K |
| weETH / vbUSDT86% LLTV | $756.32K | $544.57K | 72.0% | 1.77% | 2.47% | $13.45K |
Top Vaults on Katana
| Name | Curator | Asset | TVL | Net APY | Fee | Curator Fees 30d | 30d Δ TVL |
|---|---|---|---|---|---|---|---|
| Steakhouse Prime USDC | Steakhouse Financial | vbUSDC | $24.35M | 6.15% | 10.0% | $8.04K | -$14.98M |
| Gauntlet WETH | Gauntlet | vbETH | $10.9M | 2.92% | 10.0% | $606.86 | +$5.6M |
| Yearn OG USDC | Yearn | vbUSDC | $7.03M | 6.07% | 10.0% | $2.27K | -$496.64K |
| Yearn OG ETH | Yearn | vbETH | $5.43M | 2.92% | 10.0% | $299.5 | -$8.66M |
| Yearn OG USDT | Yearn | vbUSDT | $4.95M | 12.86% | 10.0% | $624.09 | +$1.69M |
| Gauntlet USDC | Gauntlet | vbUSDC | $4.05M | 5.92% | 10.0% | $1.25K | -$132.46K |
| Gauntlet USDT | Gauntlet | vbUSDT | $2.07M | 12.94% | 10.0% | $272.04 | -$58.55M |
| Gauntlet AUSD | Gauntlet | AUSD | $570.43K | 20.40% | 10.0% | $1.07K | -$331.51K |
| Steakhouse Prime AUSD | Steakhouse Financial | AUSD | $543.34K | 22.16% | 0.0% | $0 | -$105.02K |
| d3nity dUSD | Yearn | dUSD | $200.21K | 0.27% | 13.0% | $6.69 | +$684.63 |
Curator Presence on Katana
| Curator | Vaults Here | TVL on Chain | Curator Fees (Ann.) | Weighted Net APY | Global TVL |
|---|---|---|---|---|---|
| Steakhouse Financial | 4 | $24.89M | $97.85K | 6.50% | $1.05B |
| Yearn | 5 | $17.78M | $38.9K | 6.86% | $45.98M |
| Gauntlet | 5 | $17.76M | $39.01K | 5.31% | $704.12M |
| Clearstar | 2 | $9.55K | $4.87 | 6.15% | $13.85M |
Loan Asset Mix. What Morpho Lends on Katana
- Stablecoins· top vbUSDC$44.9M72.6%
- Other· top vbETH$16.6M26.8%
- BTC-pegged· top vbWBTC$353.7K0.6%
Stablecoins make up 72.6% of Morpho supply on this chain. Top stable: vbUSDC ($35.7M).
Collateral Mix. What Backs Loans on Katana
- BTC-pegged· top vbWBTC$40.1M54.8%
- LSTs· top weETH$16.6M22.6%
- Other· top vbETH$12.2M16.6%
- Stablecoins· top yvvbUSDT$4.4M6.0%
Stablecoins make up 6.0% of Morpho supply on this chain. Top stable: yvvbUSDT ($2.2M).
Interest Flow Attribution
Annualized borrow interest paid by borrowers on Katana: $1.91M
89%
9%
- To Lenders · via vaults$1.69M 89%
- To Lenders · direct supply$37.88K 2%
- To Curators$175.76K 9%
- To Morpho DAO (fee switch off)$0 0%
Lender yield = borrow interest − curator fees − protocol fees · vault/direct split by vault supply share (97.8%)
Supply Rates vs Competitors on Katana
Morpho supply APY against the best competing venue, per asset.
No assets with both a Morpho market and a competitor market on this chain
As of 2026-06-09 · loan-book metrics from Morpho market/vault state