Moonwell Lending · Base

CBBTC

Overview

The Moonwell Lending CBBTC pool on Base is a single-asset lending position where suppliers earn variable interest on Bitcoin-backed tokens. The protocol generates yield by routing borrowing demand against pooled liquidity and paying suppliers from the resulting interest spread. Total APY of 27.87% combines base lending with an additional reward layer, generating 19% and 8.87%, respectively. Over the past week, the rate has dropped by 6.90%, while over the last month it decreased by 5.71%, placing current rates below the 30-day mean of 5.08%. TVL stands at $8.26M with no reported change in the past seven days; primary exposure is smart-contract risk given the protocol's reliance on automated market-making functions. The lending pool maintains a typical utilization rate for its asset and category, ensuring stable returns for suppliers.

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 0.32%; 30-day mean is 0.23%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 79% confidence based on historical patterns.

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