Flagship cbBTC
Lagoon · Curated by Tulipa Capital · Mainnet
Frequently Asked Questions
What is the current APY for Flagship cbBTC?
The current spot APY for Flagship cbBTC on Lagoon (Mainnet) is 2.81%. The 30-day average APY is 3.26%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in Flagship cbBTC?
The total value locked (TVL) in Flagship cbBTC is $13.7M. TVL measures the total CBBTC assets currently deposited in this vault.
Does the Flagship cbBTC 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 Flagship cbBTC?
Flagship cbBTC is curated by Tulipa Capital. 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 Tulipa Capital on the Tulipa Capital curator page on Earnbase.
Compare with Other CBBTC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| cbBTC Lend Pool | Arcadia | Base | 9.51% | $75.6K |
| Arcadia cbBTC Autocompounder | Harvest | Base | 7.54% | $60.4K |
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 4.00% | $13.5K |
| LevMoonwell cbBTC | Yearn V3 | Base | 3.19% | $110.5K |
| cbBTC Autopilot | Harvest | Base | 1.88% | $144.6K |
| cbBTC Market | Radiant V2 | Base | 0.73% | $22.8K |
| Moonwell cbBTC Autocompounder | Harvest | Base | 0.38% | $108.4K |
| cbBTC | Morpho | Mainnet | 0.34% | $83.4K |
| cbBTC Market | ExtraFi | Base | 0.21% | $698.6K |
| cbBTC Market | Moonwell | Base | 0.19% | $8.3M |
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Flagship cbBTC
Opens external site. Rates may differ due to refresh timing.
Opens external site. Rates may differ due to refresh timing.
Yield Overview
Flagship cbBTC is a cbBTC yield strategy on Lagoon, curated by Tulipa Capital. It currently generates 2.81% APY (24h) with a 30-day average of 3.26%. The vault holds $13.7M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Tulipa Capital · Mainnet
Market Benchmarking
Within the cbBTC ecosystem, this product ranks #5 out of 23 strategies. Its 2.81% yield is 107.2% higher than the market average of 1.35%. While not the highest available, this strategy outperforms the majority of tracked cbBTC opportunities.
How Flagship cbBTC Compares
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 173.4% higher than the network average for cbBTC strategies. This strategy is curated by Tulipa Capital, with 1 Tulipa Capital strategies tracked on Earnbase. Within Lagoon, it competes against 1 other cbBTC strategy. By TVL, this product ranks #2 of 7 cbBTC strategies on Mainnet.
About Lagoon
Lagoon is a DeFi vault infrastructure protocol that enables curated yield strategies. Earnbase tracks 2 strategies on Lagoon.
CBBTC on Mainnet#2 of 7
Yield Sustainability
Current yield of 2.81% shows a 14.0% variance from the 30-day average, well within normal operating bands.
Yield Trajectory
Flagship cbBTC has been on a 6-day flat streak, with APY rising from 2.81% to 2.81% over this period. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have declined by 32.3%. The strongest 7-day period was May 05–May 11 averaging 4.39%, while the weakest was Apr 21–Apr 27 at 2.59%. Current 24h APY of 2.81% is 13.8% below the product's own 30-day average.
Weekly yields have declined for 1 consecutive week. The most recent 7-day average stands at 2.97%.
Weekly Breakdown
Historical APY Statistics
Over the past 149 days, Flagship cbBTC's yield has shown a downward trend, with yields compressing from 10.77% to 3.35%, a 68.9% decline. The sustainability score of 83/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 166 days, Flagship cbBTC's total value locked has experienced a period of stability, with TVL remaining relatively steady around $13.8M.
History
FAQ
Yield & Performance
Flagship cbBTC on Lagoon offers a 24-hour APY of 2.81%, a 30-day average of 3.26% on cbBTC. Yields are variable and update daily based on protocol activity.
Flagship cbBTC ranks #5 out of 23 monitored cbBTC strategies. Its current yield of 2.81% is 107.2% above the market average of 1.35%.
Earnbase rates the yield sustainability of Flagship cbBTC at 83/100, classified as "Stable". Current yield of 2.81% shows a 14.0% variance from the 30-day average, well within normal operating bands.
Over the past 149 days, Flagship cbBTC has shown a downward yield trajectory. The average APY moved from 10.77% to 3.35%.
Flagship cbBTC has a yield volatility rating of "High" (standard deviation: 4.62pp over 149 days). The APY has ranged from 0.75% to 17.34% in the tracked period, with an average of 6.62%.
Liquidity & TVL
Flagship cbBTC currently has a total value locked (TVL) of $13.7M in cbBTC deposits.
Flagship cbBTC holds $13.7M in cbBTC deposits. Across all 23 tracked cbBTC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $13.7M places it within the broader spectrum of cbBTC opportunities tracked on Earnbase.
By total value locked, Flagship cbBTC ranks #2 of 7 cbBTC strategies on Mainnet. It currently holds $13.7M.
Flagship cbBTC's TVL is currently relatively stable. Over the past 166 days, TVL moved from $13.7M to $13.9M, a +1.1% change. The 30-day high was $16.7M and the 30-day low was $11.5M.
Rising yields have attracted capital, with both APY and TVL trending upward over the past 30 days. 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, Flagship cbBTC had 12 days of inflows and 13 days of outflows. The largest single-day inflow was +$581.6K (Apr 23, 2026) and the largest outflow was -$581.3K (May 16, 2026). Net 30-day TVL change: +2.5%.
Strategy & Access
Flagship cbBTC operates on the Mainnet network and is managed by Lagoon. It accepts cbBTC deposits. The strategy is curated by Tulipa Capital.
To deposit into Flagship cbBTC, you need cbBTC tokens on the Mainnet network. Visit the Lagoon platform directly to connect your wallet and make a deposit.
Flagship cbBTC ranks among 7 monitored cbBTC strategies on Mainnet. Its yield of 2.81% is 173.4% above the Mainnet average of 1.03%.
Flagship cbBTC is deployed on Lagoon's vault infrastructure. Fee structures are set at the protocol and curator level. Consult the vault directly for current performance and management fee rates.
Lagoon is the DeFi protocol infrastructure that Flagship cbBTC operates on. It provides the smart contract layer for deposits, withdrawals, and strategy execution on the Mainnet network.
For illustrative purposes only. Based on the current 2.81% 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 Lagoon before depositing.
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