Fusion by IPOR · Ethereum

WBTC (TESS WBTC Lending Vault)

Overview

The Fusion by IPOR WBTC Lending Vault on Ethereum is a single-asset lending position where suppliers earn variable interest on Wrapped Bitcoin (WBTC) deposits. The protocol aggregates borrowing demand and pays lenders from the resulting interest spread.

Total APY stands at 1.25%, with no additional reward component. Over the past week, the rate has remained stable, while there is no trend data available for the past month. This current rate falls below the 30-day mean of 1.3%.

TVL in the pool sits at $386K. The primary exposure here is smart-contract risk due to the nature of the single-asset lending structure. For a yield aggregator, this level of TVL indicates moderate liquidity depth for borrowers and lenders alike.

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 1.19%; 30-day mean is 1.28%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 59% confidence based on historical patterns.

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