Learn DeVOLT
Everything you need to understand leveraged DeFi — from Morpho Blue basics to stablecoin markets, rate models, and exit strategies.
CHAPTERS
How Morpho Blue Works
The permissionless lending primitive powering DeVOLT
Morpho Blue is an immutable, permissionless lending protocol. Unlike Aave or Compound's shared pools, each Morpho market is isolated — one collateral, one loan asset, one oracle, one LLTV. A problem in one market cannot affect another.
Minimal core
Audited Solidity, no upgrades
No admin keys
No upgrades, no governance
Flash loans built-in
Free on any market
Isolated markets
No cross-market contagion
LTV & LLTV
LTV is your current debt divided by collateral value.LLTV is the hard ceiling — cross it and your position is liquidatable. LST/ETH markets run at 94.5% LLTV because both assets track ETH, making price crashes nearly impossible.
LTV = Debt / Collateral Value
Your current borrow utilization against deposited collateral
RATES & UTILIZATION
Supply APY is earned by lenders. Borrow APY is your leverage running cost. Both are determined by the Utilization Rate — the % of supplied assets currently borrowed. High utilization = rates spike to rebalance supply and demand.
Utilization = Total Borrowed / Total Supplied
Drives the kinked interest rate model — past ~90% rates spike sharply
LIQUID STAKING TOKENS
LSTs like wstETH represent staked ETH. They slowly appreciate vs. ETH as staking rewards accumulate — roughly +0.01% per day. That slow, reliable yield is what DeVOLT amplifies.
wstETH
Lido
cbETH
Coinbase
rETH
Rocket Pool
LIVE MARKET DATA
wstETH / WETH Rate
—
ETH per wstETH · on-chain oracle
WETH Lender Rate
3.20%
earned by WETH suppliers, not borrowers
Borrow APY
2.80%
LLTV (wstETH/WETH)
94.5%
Highest safe LLTV in DeFi
Max Leverage
18.2x
1 / (1 − LLTV)
Oracles
Exchange Rate Oracle
wstETH redemption rate · on-chain
Chainlink / Redstone
Aggregated price feeds