contributor@AaveLabsgovernance.aave.com
↑Deploy Aave V3 to MegaETH
BTC.b is being listed as collateral in its own e-mode with stablecoins, allowing borrowing of USDT0 and USDM with a 70% LTV, based on risk assessments for the new MegaETH market.
Overview
Lombard BTC(BTC.B)
Token Price$62,521
24h Change-5.79%
All Time HighOct 6, 2025$125,862
All Time LowMar 3, 2023$7,806
Key Metrics
Market Cap$168.77m
Fully Diluted Valuation$168.81m
Circ. Supply2,699 BTC.B
Volume 24h$19.62m
CEX Volume$0
DEX Volume$21.88m
Risks
How much debt can be issued against BTC.B as collateral across lending protocols.
Maximum possible exposure to BTC.B
$819.06m
$701.9m (max additional borrows against BTC.B) + $117.16m (bad debt if BTC.B was hacked now)
Venus Core Pool
$563.46m at-risk exposure = $91.55m bad debt if hacked + $471.9m additional borrowable against BTC.B
Lista Lending
$218.07m at-risk exposure = $25.2m bad debt if hacked + $192.87m additional borrowable against BTC.B
Aave V3
$35.45m at-risk exposure = $200,607 bad debt if hacked + $35.25m additional borrowable against BTC.B
Venus Flux
$1.87m at-risk exposure = $123,513 bad debt if hacked + $1.74m additional borrowable against BTC.B
Euler V2
$175,010 at-risk exposure = $45,334 bad debt if hacked + $129,676 additional borrowable against BTC.B
Morpho V1
$39,435 at-risk exposure = $35,496 bad debt if hacked + $3,939 additional borrowable against BTC.B
Methodology and limitations
Showing collateral exposure for BTC.B on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
- Bad debt at $0 is a lower bound when some contributing markets return null for zero-price bad debt; null rows are excluded instead of being treated as zero.
Show exposure details
Each row is one protocol-chain exposure for BTC.B as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
BTCB0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c | $471.9m | $91.55m | ||
BTCB0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c | $192.87m | $25.2m | ||
btc.b0x152b9d0fdc40c096757f570a51e494bd4b943e50 | $22.91m | — | ||
BTCB0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c | $12.07m | — | ||
BTCB0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c | $1.74m | $123,513 | ||
BTC.b0xb0f70c0bd6fd87dbeb7c10dc692a2a6106817072 | $262,622 | $200,607 | ||
btc.b0x152b9d0fdc40c096757f570a51e494bd4b943e50 | $103,538 | $45,334 | ||
BTCB0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c | $26,137 | $0 | ||
BTC.b0xb0f70c0bd6fd87dbeb7c10dc692a2a6106817072 | $3,939 | $35,496 | ||
BTC.b0xb0f70c0bd6fd87dbeb7c10dc692a2a6106817072 | $0.011 | $0.12 |
Risk Timeline
Risk-management actions published about BTC.B by tracked risk managers and governance contributors, newest first.
contributor@ACIgovernance.aave.com
↑Onboard BTC.b to Aave V3 Core Instance
BTC.b is a liquid bridged Bitcoin token that has transitioned to Lombard's infrastructure, which was already approved via LBTC onboarding on the Core Instance. Its successful risk profile and utility on Aave V3 Avalanche, with preserved token addresses and enhanced scalability/security, support enabling it as collateral under similar parameters adjusted for Core market conditions.
risk managerChaos Labschaoslabs.xyz
→Proof of Reserve as Risk Infrastructure
Avalanche partnered with Chaos Labs in June 2025 to implement PoR for bridged assets like BTC.b, enabling onchain verification of locked reserves to mitigate risks from cross-chain dependencies.
risk managerGauntletgovernance.aave.com
↑Gauntlet borrow and supply cap updates for Aave V3 on OP and AVAX
The aggressive supply cap for bridged BTC.b is set higher than the standard methodology suggests, based on the strong liquidity and trading volume of the underlying BTC to encourage greater protocol usage.
Token Usage
An is required to view token usage.
Liquidations
An is required to view token liquidations.
Yields
Showing 10 of 81 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabBTC.B-WAVAXCL - 200 | $1.78m | 91.75% | 0% | 116% | |||||
| open in new tabBTC.B-USDC0.05% | $466,098 | 57.95% | 57.95% | 21.45% | |||||
| open in new tabBTC.B-XAUT0CL - 200 | $386,908 | 232% | 0% | 194% | |||||
| open in new tabBTC.B-USDTCL - 200 | $242,166 | 353% | 0% | 246% | |||||
| open in new tabBTC.B-WAVAX0.05% | $162,447 | 93.62% | 93.62% | 30.34% | |||||
| open in new tabWBTC.B-USDC | $111,712 | 124% | 124% | 25.52% | |||||
| open in new tabWBTC-BTC.BCL - 1 | $65,960 | 153% | 0% | 33.36% | |||||
| open in new tabWBTC.B-USDC | $56,872 | 158% | 158% | 47.46% | |||||
| open in new tabBTC.B-USDC0.05% | $50,409 | 1077% | 1077% | 541% | |||||
| open in new tabBTC.B-USDCCL - 200 | $33,036 | 241% | 0% | 530% |
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Borrow
Showing 10 of 265 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabBTC.B âžž WBTC | $1.963b | 0.97% | 1.22% | -0.36% | 69% | $15.47m | $11.12m | ||
| open in new tabBTC.B âžž CBBTC | $1.086b | 1.02% | 1.22% | -0.29% | 69% | $15.47m | $11.12m | ||
| open in new tabBTC.B âžž USDE | $423.42m | 1.07% | 1.22% | -0.22% | 69% | $15.47m | $11.12m | ||
| open in new tabBTC.B âžž TBTC | $124.79m | 1.03% | 1.22% | -0.28% | 69% | $15.47m | $11.12m | ||
| open in new tabBTC.B âžž LINK | $76.27m | 0.63% | 1.22% | -0.86% | 69% | $15.47m | $11.12m | ||
| open in new tabBTC.B âžž GGAVAX | $484,192 | 1.17% | 1.22% | -0.06% | 69% | $15.47m | $11.12m | ||
| open in new tabBTC.B âžž SAVAX | $111,599 | 1.22% | 1.22% | 0% | 69% | $15.47m | $11.12m | ||
| open in new tabBTC.B âžž WETH.E | $36,390 | 0.67% | 1.22% | -0.79% | 69% | $15.47m | $11.12m | ||
| open in new tabBTC.B âžž ETH | $35,872 | 0.41% | 1.22% | -1.17% | 69% | $15.47m | $11.12m | ||
| open in new tabBTC.B âžž WBTC | $23,473 | 1.05% | 1.22% | -0.24% | 69% | $15.47m | $11.12m |
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