Moonwell Lending · Base

LBTC

Overview

The Moonwell Lending LBTC pool on Base is a single-asset lending position where suppliers earn variable interest on Bitcoin-backed tokens (LBTC). The protocol generates yield by routing borrowing demand against pooled LBTC liquidity and paying suppliers from the resulting interest spread. Total APY of 13.18% combines base lending with an additional reward layer, yielding a base rate of 3.44% and a reward rate of 9.74%. Over the past week, the APY trended down by 0.47%, while over the last month it increased by 2.0%, placing the current rate above the 30-day mean of 11.59%. TVL stands at $3.88M with no reported change in the past week; primary exposure is smart-contract risk due to the protocol's reliance on automated market-making and lending functionalities. This pool benefits from liquidity depth, supporting robust borrowing and lending activities within the Moonwell ecosystem.

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 0.25%; 30-day mean is 0.21%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 58% confidence based on historical patterns.

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