cbBTC Core
Morpho · Curated by Gauntlet · Base
Frequently Asked Questions
What is the current APY for cbBTC Core?
The current spot APY for cbBTC Core on Morpho (Base) is 0.06%. The 30-day average APY is 0.08%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in cbBTC Core?
The total value locked (TVL) in cbBTC Core is $186.5K. TVL measures the total CBBTC assets currently deposited in this vault.
Does the cbBTC Core yield include token rewards?
No. Earnbase tracks on-chain APY only, derived from the vault's exchange rate changes over time. External incentives, token rewards, points programs, and liquidity mining bonuses are not included in the reported APY.
Who curates cbBTC Core?
cbBTC Core is curated by Gauntlet. Curators set the risk parameters, asset allocations, and rebalancing strategy for the vault. They are responsible for selecting which lending markets or protocols receive deposits. You can view all strategies curated by Gauntlet on the Gauntlet curator page on Earnbase.
Compare with Other CBBTC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 4.50% | $3.2K |
| Flagship cbBTC | Lagoon | Mainnet | 4.40% | $14.3M |
| Frontier YO yoBTC | Euler | Base | 3.53% | $18.5K |
| LevMoonwell cbBTC | Yearn V3 | Base | 3.19% | $110.5K |
| Moon Digital AM BTC | Lagoon | Ethereum | 2.31% | $524.3K |
| cbBTC Lend Pool | Arcadia | Base | 1.84% | $189.0K |
| Arcadia cbBTC Autocompounder | Harvest | Base | 1.42% | $177.7K |
| cbBTC Autopilot | Harvest | Base | 1.27% | $156.1K |
| Core Vault | YO | Base | 1.10% | $7.1M |
| Moonwell cbBTC Autocompounder | Harvest | Base | 0.38% | $108.4K |
More Morpho Strategies
cbBTC Core
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Yield Overview
cbBTC Core is a cbBTC yield strategy on Morpho, curated by Gauntlet. It currently generates 0.06% APY (24h) with a 30-day average of 0.08%. The vault holds $186.5K in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Gauntlet · Base
Market Benchmarking
Within the cbBTC ecosystem, this product ranks #18 out of 24 strategies. Its 0.06% yield is 94.3% lower than the market average of 1.05%.
How cbBTC Core Compares
cbBTC Core currently ranks #18 among 24 monitored cbBTC strategies. However, with a TVL of $186.5K, it holds significantly less capital than higher-TVL alternatives like USDC Market ($153.6M).
Ecosystem Context
Positioned within the Base ecosystem, this product's yield is 93.5% lower than the network average for cbBTC strategies. This strategy is curated by Gauntlet, with 37 Gauntlet strategies tracked on Earnbase across 5 networks. Within Morpho, it competes against 4 other cbBTC strategies. By TVL, this product ranks #7 of 15 cbBTC strategies on Base.
About Morpho
Morpho is a decentralized lending protocol that enables the creation of isolated lending markets and curated vaults. Earnbase tracks 105 strategies on Morpho.
CBBTC on Base#13 of 15
Yield Sustainability
Yield is 28.8% below the monthly average.
Yield Trajectory
cbBTC Core recorded a 24h APY of 0.06% in the most recent data point. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have declined by 10.3%. The strongest 7-day period was Mar 21–Mar 27 averaging 0.12%, while the weakest was Mar 07–Mar 13 at 0.04%. Current 24h APY of 0.06% is 28.6% below the product's own 30-day average.
Weekly yields have declined for 1 consecutive week. The most recent 7-day average stands at 0.11%.
Weekly Breakdown
Historical APY Statistics
Over the past 121 days, cbBTC Core's yield has shown a downward trend, with yields compressing from 0.19% to 0.07%, a 62.4% decline. The sustainability score of 65/100 aligns with moderate yield variability.
Historical TVL Statistics
Over the past 121 days, cbBTC Core's total value locked has experienced a contraction, declining from $1.7M to $188.3K, a 88.7% reduction.
History
FAQ
Yield & Performance
cbBTC Core on Morpho offers a 24-hour APY of 0.06%, a 30-day average of 0.08% on cbBTC. Yields are variable and update daily based on protocol activity.
cbBTC Core ranks #18 out of 24 monitored cbBTC strategies. Its current yield of 0.06% is 94.3% below the market average of 1.05%.
Earnbase rates the yield sustainability of cbBTC Core at 65/100, classified as "Moderate". Yield is 28.8% below the monthly average.
Over the past 121 days, cbBTC Core has shown a downward yield trajectory. The average APY moved from 0.19% to 0.07%.
cbBTC Core has a yield volatility rating of "Low" (standard deviation: 0.18pp over 121 days). The APY has ranged from 0.01% to 1.31% in the tracked period, with an average of 0.10%.
Liquidity & TVL
cbBTC Core currently has a total value locked (TVL) of $186.5K in cbBTC deposits.
cbBTC Core holds $186.5K in cbBTC deposits. Across all 24 tracked cbBTC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $186.5K places it within the broader spectrum of cbBTC opportunities tracked on Earnbase.
By total value locked, cbBTC Core ranks #7 of 15 cbBTC strategies on Base. It currently holds $186.5K.
cbBTC Core's TVL is currently declining. Over the past 121 days, TVL moved from $1.7M to $188.3K, a -88.7% change. The 30-day high was $2.9M and the 30-day low was $177.3K.
Despite rising yields, capital has been flowing out. This may indicate concerns about sustainability or broader market rotation. In general, rising TVL in a lending vault can compress yields as more capital competes for the same borrow demand.
Over the past 30 days, cbBTC Core had 15 days of inflows and 14 days of outflows. The largest single-day inflow was +$19.7K (Mar 29, 2026) and the largest outflow was -$30.5K (Apr 01, 2026). Net 30-day TVL change: -0.5%.
Strategy & Access
cbBTC Core operates on the Base network and is managed by Morpho. It accepts cbBTC deposits. The strategy is curated by Gauntlet.
To deposit into cbBTC Core, you need cbBTC tokens on the Base network. Visit the Morpho platform directly to connect your wallet and make a deposit.
cbBTC Core ranks among 15 monitored cbBTC strategies on Base. Its yield of 0.06% is 93.5% below the Base average of 0.92%.
cbBTC Core is deployed on Morpho's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Morpho is the DeFi protocol infrastructure that cbBTC Core operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Base network.
For illustrative purposes only. Based on the current 0.06% on-chain APY for CBBTC. Does not include external incentives. Past performance does not guarantee future results. Actual returns may vary.
This page provides informational data aggregated from on-chain sources and is not financial advice. Always verify data directly with Morpho before depositing.
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