# Flagship ETH - WBTC market listing

**URL:** <https://forum.morpho.org/t/flagship-eth-wbtc-market-listing/529>\
**Category:** BlockAnalitica & B.Protocol\
**Created:** [March 27, 2024, 4:31pm UTC](https://forum.morpho.org/t/flagship-eth-wbtc-market-listing/529 "2024-03-27T16:31:43Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Ekatch](https://dub1.discourse-cdn.com/flex013/user_avatar/forum.morpho.org/ekatch/32/172_2.png) [@Ekatch](https://forum.morpho.org/u/Ekatch)\
**Post date:** [March 27, 2024, 4:31pm UTC](https://forum.morpho.org/t/flagship-eth-wbtc-market-listing/529/1 "2024-03-27T16:31:43Z")

</div>

As the Flagship ETH vault continues to grow, Block Analitica & B.Protocol will submit a cap of 30k ETH to the bbETH Flagship vault WBTC (91.5%) market. The listing transaction will be made in 2 days and the market will be live once the 4 day timelock ends.

## Rationale

Currently, the liquidity in the bbETH vault is allocated to wstETH (94.5%) market, with rETH (94.5%) and sDAI (86%) listed but with no allocations at this stage. Listing a WBTC market can help diversify the allocations of the vault and optimize its yield while maintaining the vault’s blue-chip exposure profile.

The Flagship bbETH vault main exposure will remain in wstETH collateral, as we start with a 30k WETH supply cap (~$100m at current ETH price) for the new WBTC market.

## Market Parameters

Loan token: WETH - [0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2](https://etherscan.io/address/0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2#code)

Collateral token: WBTC - [0x2260fac5e5542a773aa44fbcfedf7c193bc2c599](https://etherscan.io/address/0x2260fac5e5542a773aa44fbcfedf7c193bc2c599)

Oracle: Morpho Chainlink - [0xc29B3Bc033640baE31ca53F8a0Eb892AdF68e663](https://etherscan.io/address/0xc29B3Bc033640baE31ca53F8a0Eb892AdF68e663#readContract)

IRM: Adaptive Curve IRM - [0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC](https://etherscan.io/address/0x870ac11d48b15db9a138cf899d20f13f79ba00bc#code)

**LLTV: 91.5%**

**SupplyCap: 30k WETH**

## LP Veto

As a reminder any LP that opposes a new supply cap being submitted can set a vote to veto the new cap following this [tutorial](https://forum.morpho.org/t/flagship-vault-guardian-voting-tutorial-for-lps/422) and using this [Snapshot space](https://snapshot.org/#/flagship-eth.morpho-guardian.eth) for the bbETH vault.

For live accurate data on Morpho Blue and MetaMorpho refer to our [dashboard](https://morpho.blockanalitica.com/).

For any questions or feedback feel free to contact us here or on our social platforms.

Block Analitica - [Twitter](https://twitter.com/BlockAnalitica), [Medium](https://medium.com/block-analitica), [Website](https://blockanalitica.com/)

B.Protocol - [Twitter](https://twitter.com/bprotocoleth), [Discord](https://discord.com/invite/bJ4guuw), [Medium](https://medium.com/b-protocol), [Github](https://github.com/backstop-protocol)