Overview

Logo of Merlin's Seal BTC

Merlin's Seal BTC(M-BTC)

Token Price$60,913

24h Change+10.02%

All Time HighJul 15, 2026$145,754

All Time LowJul 8, 2026$25,122

Key Metrics

$589.77m

$589.77m

9,683.6 M-BTC

Volume 24h$736.67

CEX Volume$0

DEX Volume$1,092

Token Information

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Category:Liquid Staking Tokens

Risks

How much debt can be issued against M-BTC as collateral across lending protocols.

Maximum possible exposure to M-BTC

$10.70

$5.34 (max additional borrows against M-BTC) + $5.36 (bad debt if M-BTC was hacked now)

Logo of Morpho V1

Morpho V1

$10.70 at-risk exposure = $5.36 bad debt if hacked + $5.34 additional borrowable against M-BTC

Methodology and limitations

Showing collateral exposure for M-BTC on Ethereum. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

  • These metrics describe lending exposure only and are not a full protocol risk rating.
  • This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
  • Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
Show exposure details

Each row is one protocol-chain exposure for M-BTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Token Usage

An is required to view token usage.

Yields

Tracking 1 pool

Borrow

Tracking 6 routes