This opportunity works well for investors who want exposure to BTC, while mitigating volatility with USD. This portfolio rebalances between BTC and USD as prices fluctuate.
Assets
By investing in this opportunity, you are exposed to cbBTC, a different flavor of BTC, and USDC, a USD stablecoin, on the Base blockchain.
Yield source
Your yield primarily comes from the swap fees paid by traders when swapping between cbBTC and USDC, plus protocol incentives. The more trades between the pair, the higher the fees that you earn. The yield can change depending on transaction volume and value.
Risk perspective
Risks include multiple smart contract risks and potential impermanent loss if the price of BTC fluctuates significantly from the time you entered the pool.
Provider
Beefy
Chain
Base
Contract address
0x9b4A58FddC209C66ceF30F786c6FE3B8189C6c04
Yield15.2%
30d APY
Base
15.2%
Reward
0%
.
Investment scenarios
The below scenario simulator is greatly simplified. It intends to illustrate the potential impact of asset price movement on your investment.