WBTC-CBBTC (Uniswap V4)

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

• Multiple volatile assets increase composition risk.

Exposure

Exposure type

Multi-asset position

Assets

CBBTC + WBTC

User deposits CBBTC. User deposits WBTC. Funds enter Uniswap V4 on ethereum. cbBTC introduces Coinbase custodian exposure. 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

• Rate below recent history

  The current APY is materially below its recent median based on observed history.

• 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.

Data sources

Source observed

Oct 12, 2026, 5:42 PM UTC

Yield.ly refresh

Oct 12, 2026, 5:47 PM UTC

Data generated

Oct 12, 2026, 5:57 PM UTC

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

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