WBTC Core
Morpho · Curated by Gauntlet · Mainnet
Frequently Asked Questions
What is the current APY for WBTC Core?
The current spot APY for WBTC Core on Morpho (Mainnet) is 1.00%. The 30-day average APY is 1.05%. All figures exclude external token rewards and are calculated from on-chain exchange rates only.
How much total value is locked in WBTC Core?
The total value locked (TVL) in WBTC Core is $3.7M. TVL measures the total WBTC assets currently deposited in this vault.
Does the WBTC 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 WBTC Core?
WBTC 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 WBTC Strategies
| Strategy | Platform | Network | APY | TVL |
|---|---|---|---|---|
| BTC Yield [Leveraged Looping] | IPOR Fusion | Mainnet | 7.08% | $708.3K |
| Gami WBTC | Lagoon | Ethereum | 2.10% | $1.2M |
| Earn | Dolomite | Mainnet | 0.47% | $2.1M |
| WBTC Pool | Across Protocol | Mainnet | 0.31% | $17.2M |
| Lending (Vault 22) | Fluid | Mainnet | 0.09% | $25.5M |
| Dolomite Autocompounder | Harvest | Arbitrum | 0.07% | $27.2K |
| WBTC Vault | Euler | Arbitrum | 0.05% | $34.6K |
| V3 | Aave | Arbitrum | 0.05% | $176.1M |
| Pendle WBTC | Morpho | Mainnet | 0.03% | $349.2K |
| Vault Bridge WBTC | Morpho | Mainnet | 0.02% | $78.5M |
More Morpho Strategies
WBTC Core
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Yield Overview
WBTC Core is a WBTC yield strategy on Morpho, curated by Gauntlet. It currently generates 1.00% APY (24h) with a 30-day average of 1.05%. The vault holds $3.7M in total value locked. APY is derived from the vault's on-chain exchange rate and does not include external incentives.
Curated by Gauntlet · Mainnet
Market Benchmarking
Within the WBTC ecosystem, this product ranks #3 out of 17 strategies. Its 1.00% yield is 51.1% higher than the market average of 0.66%. While not the highest available, this strategy outperforms the majority of tracked WBTC opportunities.
How WBTC Core Compares
WBTC Core currently ranks #3 among 17 monitored WBTC strategies. However, with a TVL of $3.7M, it holds significantly less capital than higher-TVL alternatives like Lending (Vault 22) ($25.5M).
Ecosystem Context
Positioned within the Mainnet ecosystem, this product's yield is 44.7% higher than the network average for WBTC strategies. This strategy is curated by Gauntlet, with 37 Gauntlet strategies tracked on Earnbase across 5 networks. Within Morpho, it competes against 3 other WBTC strategies. By TVL, this product ranks #7 of 13 WBTC strategies on Mainnet.
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.
WBTC on Mainnet#2 of 13
Yield Sustainability
The 24h APY of 1.00% is nearly identical to the 30-day mean, with only a 4.6% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Yield Trajectory
WBTC Core has been on a 2-day upward streak, with APY rising from 0.98% to 1.05% over this period. Over the past 30 days, the product delivered positive yields on 30 out of 30 days. Week-over-week, yields have increased by 50.9%. The strongest 7-day period was Mar 28–Apr 03 averaging 1.42%, while the weakest was Mar 07–Mar 13 at 0.70%. Current 24h APY of 1.00% is 3.7% below the product's own 30-day average.
Weekly yields have improved for 1 consecutive week, with the most recent 7-day average of 1.42% representing a mid-range weekly performance in the tracked period.
Weekly Breakdown
Historical APY Statistics
Over the past 120 days, WBTC Core's yield has shown a upward trend, with yields expanding from 0.39% to 0.98%, a 151.5% increase. The sustainability score of 94/100 aligns with a period of relative yield stability.
Historical TVL Statistics
Over the past 120 days, WBTC Core's total value locked has experienced a contraction, declining from $7.6M to $3.9M, a 49.3% reduction.
History
FAQ
Yield & Performance
WBTC Core on Morpho offers a 24-hour APY of 1.00%, a 30-day average of 1.05% on WBTC. Yields are variable and update daily based on protocol activity.
WBTC Core ranks #3 out of 17 monitored WBTC strategies. Its current yield of 1.00% is 51.1% above the market average of 0.66%.
Earnbase rates the yield sustainability of WBTC Core at 94/100, classified as "Very Stable". The 24h APY of 1.00% is nearly identical to the 30-day mean, with only a 4.6% variance. This level of consistency is uncommon in DeFi and reflects a mature, well-calibrated yield source with predictable returns.
Over the past 120 days, WBTC Core has shown an upward yield trajectory. The average APY moved from 0.39% to 0.98%.
WBTC Core has a yield volatility rating of "Moderate" (standard deviation: 0.51pp over 120 days). The APY has ranged from 0.26% to 2.92% in the tracked period, with an average of 0.61%.
Liquidity & TVL
WBTC Core currently has a total value locked (TVL) of $3.7M in WBTC deposits.
WBTC Core holds $3.7M in WBTC deposits. Across all 17 tracked WBTC strategies, deposits range widely depending on the protocol and curator reputation. This vault's TVL of $3.7M places it within the broader spectrum of WBTC opportunities tracked on Earnbase.
By total value locked, WBTC Core ranks #7 of 13 WBTC strategies on Mainnet. It currently holds $3.7M.
WBTC Core's TVL is currently declining. Over the past 120 days, TVL moved from $7.6M to $3.9M, a -49.3% change. The 30-day high was $8.3M and the 30-day low was $3.3M.
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, WBTC Core had 14 days of inflows and 15 days of outflows. The largest single-day inflow was +$678.7K (Mar 12, 2026) and the largest outflow was -$772.4K (Mar 19, 2026). Net 30-day TVL change: -8.7%.
Strategy & Access
WBTC Core operates on the Mainnet network and is managed by Morpho. It accepts WBTC deposits. The strategy is curated by Gauntlet.
To deposit into WBTC Core, you need WBTC tokens on the Mainnet network. Visit the Morpho platform directly to connect your wallet and make a deposit.
WBTC Core ranks among 13 monitored WBTC strategies on Mainnet. Its yield of 1.00% is 44.7% above the Mainnet average of 0.69%.
WBTC 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 WBTC Core 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 1.00% on-chain APY for WBTC. 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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