This opportunity works well for investors who want exposure to BTC, ETH and USD, and want to keep a balanced exposure to these three assets while earning yield. This portfolio automatically maintains a 1/3 BTC, 1/3 ETH and 1/3 USD asset allocation.
Investors in this pool are mainly exposed to the risk of tBTC, which is a DeFi-friendly version of BTC minted by guardians on the Threshold network.
This pool earns swap fees between tBTC, wstETH and crvUSD (and protocol incentives) but is subject to impermanent loss if BTC or ETH experiences sudden price swings.