Blackhole CLMM · Avalanche

BTC.B-USDT (CL - 200)

Overview

The Blackhole CLMM BTC.B-USDT pool on Avalanche is a cross-margin liquidity position where providers earn fees from trading activities. This DeFi protocol generates yield by facilitating leveraged trades and collecting transaction fees.

Total APY stands at 225.7%, entirely driven by the reward component with no base lending rate. The 7-day trend shows an increase of 36.4% while the 30-day trend indicates a decline of 54.8%. This current rate is significantly below the 30-day mean of 223.1%.

TVL currently sits at $374K, with no reported 7-day change data available. The primary risk for this multi-asset pool involves impermanent loss exposure due to leveraged trading dynamics. Cross-margin liquidity pools like this one require careful management of collateral and leverage ratios to mitigate risks associated with volatile asset pairs.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 621.60%; 30-day mean is 536.81%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 91% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.