---
title: Morpho vbWBTC/yvUSDC Lender Borrower
chain: Katana
chainId: 747474
address: 0x0432337365d89c0D73f1D0Cb263791F8f1B98D43
token: vbWBTC
tvl: $518.50K
apy_net: 0.00%
url: https://yearn.fi/vaults/747474/0x0432337365d89c0D73f1D0Cb263791F8f1B98D43
source: https://kong.yearn.fi/api/rest/snapshot/747474/0x0432337365d89c0D73f1D0Cb263791F8f1B98D43
canonical_data: https://kong.yearn.fi/api/rest/snapshot/747474/0x0432337365d89c0D73f1D0Cb263791F8f1B98D43
derived_from_kong: true
generated_at: 2026-11-03T22:38:46.078Z
source_updated_at: 2026-11-03T22:15:46.000Z
cache_refreshed_at: 2026-11-03T22:30:16.474Z
---

# Morpho vbWBTC/yvUSDC Lender Borrower (ysvbWBTC)

This vault uses vbWBTC as collateral on Morpho markets to borrow vbUSDC. It then deposits that vbUSDC into Yearn's yvvbUSDC vault to earn yield there

**URL:** https://yearn.fi/vaults/747474/0x0432337365d89c0D73f1D0Cb263791F8f1B98D43
**Canonical data:** https://kong.yearn.fi/api/rest/snapshot/747474/0x0432337365d89c0D73f1D0Cb263791F8f1B98D43

This markdown is generated live from Kong REST for discovery convenience. Use the canonical JSON snapshot for current APY, TVL, strategy composition, fees, and availability.

`cache_refreshed_at`, when present, is Kong's last successful cache refresh. It does not establish when this vault's on-chain data was updated; CDN caching can delay the reported timestamp.

## Overview

| Field | Value |
|-------|-------|
| Chain | Katana (ID: 747474) |
| Token | Vault Bridge WBTC (vbWBTC) |
| Token Address | `0x0913DA6Da4b42f538B445599b46Bb4622342Cf52` |
| Vault Address | `0x0432337365d89c0D73f1D0Cb263791F8f1B98D43` |
| API Version | 3.0.4 |
| Kind | N/A |
| TVL | $518.50K |
| Risk Level | N/A |

## Performance

| Period | Net APY/APR |
|--------|-------------|
| Current (net APY) | 0.00% |
| Gross APR | 0.00% |
| 7-day net | 0.00% |
| 30-day net | 0.13% |
| Since inception | 30.26% |

## Fees

| Fee | Rate |
|-----|------|
| Performance | 0.00% |
| Management | 0.00% |

## Strategies

_No strategy data available._