Shadow Exchange CLMM · Sonic

WBTC-WETH (CL 0.11%)

Overview

The Shadow Exchange CLMM WBTC-WETH pool on Sonic is a cross-lending position where liquidity providers earn yield by depositing an equal value of both WBTC and WETH tokens. The protocol generates yield through trading fees from liquidity provision, with the pool's meta parameter "CL 0.10%" indicating the fee split between traders and liquidity providers. This pool competes among several venues for cross-lending WBTC-WETH pairs on Sonic.

The total APY is 5.65%, composed entirely of reward yield since there is no base lending component. Over the past seven days, the APY has decreased by 6.79% and over thirty days it has fallen by 16.80%. The current rate sits below the 30-day mean of 13.75%, suggesting a trend of yield compression due to reduced trading activity or fee distribution.

TVL is $91,337, experiencing a slight decline in recent days. Given its relatively small size, even modest changes can be significant. The primary risk for this pool involves impermanent loss exposure due to the multi-asset nature of the liquidity provision. Additionally, the depth and stability of trading volumes directly impact the fee yield received by providers.

Composed 2026-05-22 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 10.98%; 30-day mean is 21.49%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 75% confidence based on historical patterns.

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