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WBTC / WETH
0.30%Ethereum
TVL$148.3M
APR5.8%
Borrow/WBTC / WETH

WBTC / WETH

$156.7M
▲$4.9M(1.10%)

Stats

TVL
$148.3M
Volume 24h
$18.2M
Fees 24h
$54.6K
APR
5.8%
Utilization
48.3%
Max LTV
78.0%

Deeper metrics

Secondary indicators the risk council reviews for this pool.

Cashflow breakdown

Last 12 months · fees, incentives and protocol revenue.

LineReportedYoY
Swap fees$15.5M+12.4%
LP incentives$3.6M+8.1%
Protocol revenue$797.2K−1.1%
Rewards emitted$2.4M+2.8%
Net to suppliers$17.9M+10.2%

User Engagement Trends

Active wallets
15,64911.0%
Borrow conversion
8.9%0.3%
04K8K12K16K20KApr 11Apr 12Apr 13Apr 14Apr 15Apr 16Apr 17Apr 18Apr 19Apr 20Apr 21Apr 22Apr 17, 202615,945

Risk assessment

Composite rating combining volatility, depth, oracle and dependency risks.

Moderate
Risk premium
+0.85%(85 bps)

Moderate risk · +0.85% premium

44/1000100
Moderate risk

Last reviewed 2026-03-11

WBTC carries BitGo custody risk on top of BTC volatility. The pair's depth is comfortable and the dual-oracle setup mitigates single-feed failure modes.

Breakdown

About

Description, key parameters and event history.

WBTC/WETH is the dominant on-chain BTC↔ETH trading pair. Bluechip spoke allows it as collateral with a conservative 67% LTV given bridged-BTC tail risk.

Max LTV
67%
Liquidation LTV
75%
Oracle
Chainlink BTC/ETH + UNI TWAP
Deployed on
Ethereum Mainnet

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Collateral
$1,820
WBTC / WETH
Borrow
$1,420 available to borrow
Collateral
$1,820
WBTC / WETH
Borrow
$1,420 available to borrow