Earnbase derives APY from each vault's on-chain exchange rate. This measures the actual growth of deposited WBTC over time, based on the vault's smart contract data. Unlike some aggregators, Earnbase does not include external reward incentives, points programs, or token emissions in the displayed APY. The rates shown reflect native vault performance only.

While WBTC is an ERC-20 token backed by Bitcoin held in custody, the protocols generating yield carry smart contract risk. Higher APYs may indicate newer protocols, lower liquidity, or more aggressive lending parameters. Each listing on Earnbase includes TVL and a yield sustainability score to help assess risk. Always verify directly with the protocol before depositing.

Earnbase currently tracks 17 WBTC yield strategies across 2 networks from 12 platforms. The largest coverage is on Morpho (4), Aave (2), and Euler (2). New strategies are added as they meet inclusion criteria.

WBTC APY varies significantly across platforms and networks. On Earnbase, tracked strategies range from under 1% to over 7%. BTC-denominated yield strategies typically offer lower APY than stablecoin strategies, reflecting the different risk and demand dynamics. The average APY across all tracked WBTC strategies provides a useful benchmark, shown on each vault's detail page.

Yes. Earnbase tracks WBTC strategies on Ethereum (14 strategies) and Arbitrum (3). Use the network filter tabs above the table to compare APY rates on a specific chain. Each network has different gas costs, bridge requirements, and liquidity depth.

No. Earnbase is a free yield data aggregator. There are no fees for using the tracker or accessing yield data. Earnbase does not hold or manage funds. Links to individual vaults direct you to the protocol's own interface where you can deposit or withdraw.

WBTC yield is denominated in WBTC, which tracks Bitcoin's price. A 4% APY means 4% more WBTC over a year. The dollar value of that return depends entirely on Bitcoin's price. During a bull market, the dollar value of WBTC yield is amplified. During a bear market, it can be partially offset by price declines.

Borrowing demand for Bitcoin in DeFi is structurally smaller than for stablecoins. Fewer strategies require borrowing BTC compared to the constant demand for borrowed USDC or USDT. Lower borrowing demand means lenders earn less interest. However, WBTC yield compounds on top of Bitcoin's own price performance.

Both are wrapped Bitcoin tokens on Ethereum, but they use different custodians. WBTC is custodied by BitGo through a multi-party system. cbBTC is custodied directly by Coinbase. WBTC has deeper liquidity on Ethereum Mainnet, while cbBTC is more prevalent on Base. Their yields differ because they operate in separate liquidity pools with different borrowing demand.

Yes. Standard lending on Aave, Morpho curated vaults, and Spark provides WBTC yield from borrower interest without any leverage. Leveraged strategies like IPOR Fusion looping vaults amplify returns but carry liquidation risk. The strategy description on each vault page indicates whether leverage is involved.