Pharaoh V3 · Avalanche

BTC.B-WAVAX (CL 0.08%)

Overview

The Pharaoh V3 BTC.B-WAVAX pool on Avalanche is a liquidity position for the wrapped Bitcoin token, WAVAX pair (BTC.B-WAVAX). This DeFi protocol generates yield by facilitating trades and earning fees from users swapping between these assets.

Total APY stands at 14.48%, entirely driven by rewards with no base lending component. The 7-day trend shows an increase of 1.69%, while the 30-day trend indicates a decline of 26.69%. This current rate is below the 30-day mean APY of 22.83%.

TVL currently sits at $2.14M, with no reported 7-day change data available. The primary risk for this multi-asset liquidity pool includes impermanent loss exposure due to price fluctuations. Given its role in decentralized exchanges, the depth and reliability of liquidity are critical factors affecting performance.

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.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 50.56%; 30-day mean is 65.27%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 89% confidence based on historical patterns.

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