Frequently Asked Questions
What is the current APY for cbBTC?
The current spot APY for cbBTC on Morpho (Mainnet) is 0.34%. The 30-day average APY is 2.94%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in cbBTC?
The total value locked (TVL) in cbBTC is $83.4K. TVL measures the total CBBTC assets currently deposited in this vault.
Does the 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 cbBTC?
cbBTC is curated by Re7. 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 Re7 on the Re7 curator page on Earnbase.
Compare with Other CBBTC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| Wintermute Trading (Private Credit) | Wildcat | Mainnet | 4.25% | $102.7K |
| Flagship cbBTC | Lagoon | Mainnet | 3.38% | $14.4M |
| LevMoonwell cbBTC | Yearn V3 | Base | 3.19% | $110.5K |
| Frontier YO yoBTC | Euler | Base | 2.39% | $50.3K |
| cbBTC Lend Pool | Arcadia | Base | 1.50% | $381.0K |
| Arcadia cbBTC Autocompounder | Harvest | Base | 1.15% | $153.4K |
| cbBTC Autopilot | Harvest | Base | 1.00% | $138.2K |
| cbBTC Market | Moonwell | Base | 0.65% | $7.0M |
| cbBTC Market | Radiant V2 | Base | 0.40% | $35.0K |
| Moonwell cbBTC Autocompounder | Harvest | Base | 0.38% | $108.4K |
More Morpho Strategies
cbBTC
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Yield Overview
cbBTC is a cbBTC yield strategy on Morpho, curated by Re7. It currently generates 0.34% APY (24h) with a 30-day average of 2.94%. The vault holds $83.4K in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Re7 · Mainnet
Market Benchmarking
Within the cbBTC ecosystem, this product ranks #11 out of 23 strategies. Its 0.34% yield is 59.3% lower than the market average of 0.84%.
How cbBTC Compares
cbBTC currently ranks #11 among 23 monitored cbBTC strategies. However, with a TVL of $83.4K, it holds significantly less capital than higher-TVL alternatives like cbBTC Market ($7.0M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 74.4% lower than the network average for cbBTC strategies. This strategy is curated by Re7, with 1 Re7 strategies tracked on Earnbase. Within Morpho, it competes against 3 other cbBTC strategies. By TVL, this product ranks #5 of 6 cbBTC strategies on Mainnet.
About Morpho
Morpho is a decentralized lending protocol that enables the creation of isolated lending markets and curated vaults. Earnbase tracks 4 strategies on Morpho.
CBBTC on Mainnet#3 of 6
Yield Sustainability
An extreme 88.3% deviation from the historical average suggests the current yield level is unlikely to persist. This pattern is often driven by temporary incentive programs, one-off events, or rapid capital reallocation.
Yield Trajectory
cbBTC has been on a 5-day flat streak, with APY rising from 0.34% to 0.34% 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 92.2%. The strongest 7-day period was Apr 19–Apr 25 averaging 7.48%, while the weakest was May 03–May 09 at 0.32%. Current 24h APY of 0.34% is 88.6% below the product's own 30-day average.
Weekly yields have declined for 2 consecutive weeks. The most recent 7-day average stands at 0.32%.
Weekly Breakdown
Historical APY Statistics
Over the past 157 days, cbBTC's yield has shown a upward trend, with yields expanding from 0.57% to 2.69%, a 370.1% increase. The sustainability score of 10/100 aligns with a reversion from previously unsustainable levels.
Historical TVL Statistics
Over the past 157 days, cbBTC's total value locked has experienced a contraction, declining from $703.3K to $220.1K, a 68.7% reduction.
History
FAQ
Yield & Performance
cbBTC on Morpho offers a 24-hour APY of 0.34%, a 30-day average of 2.94% on cbBTC. Yields are variable and update daily based on protocol activity.
cbBTC ranks #11 out of 23 monitored cbBTC strategies. Its current yield of 0.34% is 59.3% below the market average of 0.84%.
Earnbase rates the yield sustainability of cbBTC at 10/100, classified as "Very Low Stability". An extreme 88.3% deviation from the historical average suggests the current yield level is unlikely to persist.
Over the past 157 days, cbBTC has shown an upward yield trajectory. The average APY moved from 0.57% to 2.69%.
cbBTC has a yield volatility rating of "High" (standard deviation: 2.27pp over 157 days). The APY has ranged from 0.04% to 10.57% in the tracked period, with an average of 1.51%.
Liquidity & TVL
cbBTC currently has a total value locked (TVL) of $83.4K in cbBTC deposits.
cbBTC holds $83.4K in cbBTC deposits. Across all 23 tracked cbBTC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $83.4K places it within the broader spectrum of cbBTC opportunities tracked on Earnbase.
By total value locked, cbBTC ranks #5 of 6 cbBTC strategies on Mainnet. It currently holds $83.4K.
cbBTC's TVL is currently declining. Over the past 157 days, TVL moved from $703.3K to $220.1K, a -68.7% change. The 30-day high was $888.1K and the 30-day low was $76.6K.
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 had 12 days of inflows and 12 days of outflows. The largest single-day inflow was +$14.7K (Apr 14, 2026) and the largest outflow was -$202.9K (Apr 16, 2026). Net 30-day TVL change: -69.9%.
Strategy & Access
cbBTC operates on the Mainnet network and is managed by Morpho. It accepts cbBTC deposits. The strategy is curated by Re7.
To deposit into cbBTC, you need cbBTC tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
cbBTC ranks among 6 monitored cbBTC strategies on Mainnet. Its yield of 0.34% is 74.4% below the Mainnet average of 1.34%.
cbBTC 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 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 0.34% 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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