cbBTC

6/6/2025 - Morpho BTC Lending (TAC) has a 30d APY of 2.05%, a TVL of 13,640,665, and an Exponential Risk Rating of B. This pool allows you to lend your cbBTC to borrowers via an overcollateralized loan.

Morpho BTC Lending (TAC) on Ethereum (cbBTC)

This pool allows you to lend your cbBTC to borrowers via an overcollateralized loan. Your yield comes from earning interest paid by borrowers. This pool only lends to the tacBTC collateral market on Ethereum.

cbBTC is a DeFi-friendly version of Bitcoin backed 1:1 by BTC held by Coinbase.

This pool has not been receiving any protocol incentives to encourage user deposits

Investment Strategy

Fundamentals

Risk

Risk of losing your entire investment due to systemic issues. Based on chain, protocols and assets.

Reflects how much principal is at risk due to the nature of the pool's economic design

Morpho BTC Lending (TAC)

Pool Design

Reflects how liquid the asset is, collateralization level, dependency risks, and reliance on centralized entities

Asset Strength

Reflects the economic design of the asset and convex relationships

Asset Tokenomics

Code quality of the underlying smart contracts

Morpho Blue

Protocol Code Quality

Reflects how long the protocol has been around, the value of the assets deposited in the protocol and its level of decentralization

Protocol Maturity

Protocol’s systemic risks or ponzi like dynamics that can lead to loss of principal

Protocol Design

Reflects how long the blockchain has been running and the total value of assets on the network

Ethereum

Chain Maturity

Reflects the blockchain’s fundamental risks, total value invested, and level of decentralization

Chain Design

Reliability of the underlying blockchain from network congestion or halts

Chain Reliability

Pool Fundamentals

Something that shows up when you hover over the (i) icon

Yield Source

This pool serves as a yield-generating account for you to earn yield on your BTC, subject to market conditions

Your yield consists of interest earned for lending cbBTC on the Ethereum blockchain

Morpho BTC Lending (TAC)

This pool allows you to lend your cbBTC to borrowers via an overcollateralized loan. Your yield comes from earning interest paid by borrowers. This pool only lends to the tacBTC collateral market on Ethereum.

Get more from your crypto –earn 15% yield or more

Get more from your crypto –
earn 15% yield or more