Yearn Finance · Katana

VBWBTC

Overview

The Yearn Finance VBWBTC pool on the Katana chain is a single-asset yield aggregator where users deposit wrapped Bitcoin (wBTC) to earn variable interest through automated yield farming strategies. The protocol generates returns by deploying deposited wBTC into various DeFi protocols and earning fees from liquidity provision, lending, and other income-generating activities. The total APY stands at 125.88%, with a base component of 28.87% and an additional reward layer contributing 97.01%. Over the past seven days, the APY has increased by 41.61%, while over the last thirty days, it has risen by 120.73%, placing the current rate above the 30-day mean of 56.52%. The TVL is $2.15M with no reported change over the past seven days. The primary risk exposure for this single-asset pool is smart-contract risk, given that all funds are concentrated in a single token type without diversification across multiple assets. This concentration can expose users to higher volatility and potential losses if the underlying contracts or protocols experience issues.

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 0.71%; 30-day mean is 1.41%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 61% confidence based on historical patterns.

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