Takara Lend · Sei

M-BTC

Overview

The Takara Lend M-BTC Market on Sei is a multi-asset lending position where suppliers earn variable interest on Bitcoin-backed token deposits. The protocol generates yield by matching borrowing demand against pooled liquidity and distributing the resulting interest to lenders.

Total APY of 1.01% breaks down into base lending at 0.00% and reward incentives at 1.01%. Over the past week, the rate trended downward by 0.10%, while over the last month it increased by 0.06%, placing the current rate above the 30-day mean of 1.01%.

TVL stands at $4.64M with no reported change in the past seven days; primary exposure is to impermanent loss due to the multi-asset nature of the pool. This lending market reflects typical liquidity conditions for its asset class and protocol category.

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

  Yields can change as TVL and incentive emissions change. The current APY is not a guarantee.

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