Fluid Lending · Ethereum

WBTC

Overview

The Fluid Lending WBTC pool on Ethereum is a single-asset lending position where suppliers earn variable interest on Bitcoin-backed token deposits. The protocol generates yield by routing borrowing demand against pooled WBTC liquidity and paying suppliers from the resulting interest spread. Total APY stands at 5%, with no additional reward component. Over the past week, the rate has trended down by 1% but is up slightly over the last month by 1%. This places the current rate below the 30-day mean of 7.22%. TVL in the pool sits at $16.7M with no reported change over the previous seven days. The primary risk here is smart-contract exposure, given there's no impermanent loss or depeg risk due to it being a non-stablecoin asset. Utilisation on this lending pool remains within typical ranges for its category and protocol.

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

  Current APY is 0.28%; 30-day mean is 0.11%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 90% confidence based on historical patterns.

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