Blackhole CLMM · Avalanche

BTC.B-WAVAX (CL - 200)

Overview

The Blackhole CLMM BTC.B-WAVAX pool on Avalanche is a multi-asset liquidity position that generates yield through cross-margin trading, where users deposit tokens to earn fees from market activity. The total APY of 102.10% comprises solely the reward component, with no base lending rate. Over the past week, the APY trended up by 12.59%, but over the last month it dropped significantly by 1,106.74%, placing the current rate well below the 30-day mean of 172.13%. TVL stands at $2M with no reported change in the past week; primary exposure is to impermanent loss due to its multi-asset nature. This liquidity pool's depth supports trading activities, contributing to fee generation for participants.

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 674.50%; 30-day mean is 1453.52%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 89% confidence based on historical patterns.

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