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Harvest-Moonwell BTC Lending

cbBTC

This pool allows you to lend your cbBTC to borrowers via an overcollateralized loan. Your yield comes from earning interest paid by borrowers. Harvest uses a looping strategy where lent assets are used as collateral to borrow more of the same asset and redeposited back into the same position. This is done multiple times to create a "loop" or multiplier effect on yield.

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3.6%

Yield

30d APY

Risk

APY

Last 90d

Editor's Take

Investment Rationale

This opportunity works well for investors who want long exposure to Bitcoin (BTC). Keep in mind, your returns are impacted by the price of BTC and this pool's yield.

Risk Perspective

Risks include multiple smart contract risks and APR fluctuation risk. Pool is subject to loss if the borrow APR rises above the supply APR, causing negative compounding on the folded position.

Pool Performance

Your yield primarily comes from the interest rates paid by borrowers who leverage the assets you've supplied for trading or farming. The more your asset is borrowed, the higher the interest that accrues back to you. The yield can change depending on borrow volume. This pool uses a leveraged strategy to enhance the yield earned from lending cbBTC.