WBTC-CIRBTC (Uniswap V3)

Where the yield comes from

The reported yield primarily comes from trading fees earned by the liquidity pool.

What can reduce the rate

Yield may fall if trading volume or token incentives decline.

Risk detail

Yield.ly's risk assessment summarizes observable factors and data coverage. It is not an audit, credit rating, guarantee, or recommendation. Smart contracts, assets, protocols, custodians, and market conditions can fail in ways the model does not detect.

Risk dimensions

• ProtocolModerate concern+
• GovernanceModerate concern+
• Oracle dependencyUnknown+
• AssetHigher concern+
• LiquidityHigher concern+
• Rate durabilityModerate concern+
• ExposureModerate concern+
• Custody and counterpartyUnknown+
• Terms and redemptionUnknown+
• InterconnectionModerate concern+
• Data qualityModerate concern+

Principal risks

• A recent unresolved exploit or incident is on record.
• Multiple volatile assets increase composition risk.
• Recent unresolved exploit or material incident reported.

Exposure

Exposure type

Multi-asset position

Assets

CIRBTC + WBTC

User deposits CIRBTC. User deposits WBTC. Funds enter Uniswap V3 on ethereum. WBTC introduces BitGo custodian exposure. Exit via remove liquidity.

Exit conditions

Exit terms are not fully reported.

Some product terms are currently incomplete.

Qualification notes

Meets Yield.ly's current requirements for default discovery where qualified. Learn how qualification works

• Incentive-heavy yield

  A large share of this rate comes from token incentives, which can change quickly and may depend on the reward token market value.

• Risk flag

  Recent unresolved exploit or material incident reported.

Data sources

Source observed

Sep 17, 2026, 4:22 AM UTC

Yield.ly refresh

Sep 17, 2026, 4:25 AM UTC

Data generated

Sep 17, 2026, 4:37 AM UTC

• DefiLlama · total APY, base APY, TVL
• CoinGecko · token icon

How data works · Source registry · Report a data issue

Report a data issue

Share opportunity