Euler V2 · Base

LBTC (EVK Vault eLBTC-1)

Overview

The Euler V2 LBTC pool on Base is a single-asset lending position where suppliers earn variable interest on Bitcoin-backed tokens (eLBTC) deposited into the EVK Vault eLBTC-1. The protocol generates yield by matching borrowers seeking leverage against pooled liquidity, paying lenders from the resulting interest spread.

Total APY stands at 0.02%, with no additional reward component. Over the past seven days, there has been no trend change, while over thirty days, it is down 22.86%. This places the current rate below the 30-day mean of 13%.

TVL currently sits at $109K, with no reported 7-day change. The primary risk here is smart-contract exposure due to the single-asset nature and lending protocol structure. Utilisation on this pool reflects typical levels for a Bitcoin-backed token in a lending context.

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.

• Yield variability

  Yields can change as TVL and incentive emissions change. The current APY is not a guarantee.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 61% confidence based on historical patterns.

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