Coinbase Wrapped BTC(CBBTC)

Token Price$84,788

24h Change+0.2%

All Time HighOct 6, 2025$125,954

All Time LowSep 12, 2024$57,439

Key Metrics

$8.148b

96,096.61 CBBTC

Volume 24h$130.33m

CEX Volume$0

DEX Volume$130.5m

Risks

How much debt can be issued against CBBTC as collateral across lending protocols.

Maximum possible exposure to CBBTC

$3.094b

$695.76m (max additional borrows against CBBTC) + $2.398b (bad debt if CBBTC was hacked now)

Aave V3

$667.07m at-risk exposure = $315.84m bad debt if hacked + $351.23m additional borrowable against CBBTC

Morpho V1

$2.086b at-risk exposure = $1.875b bad debt if hacked + $210.75m additional borrowable against CBBTC

Compound V3

$77.74m at-risk exposure = $17.33m bad debt if hacked + $60.41m additional borrowable against CBBTC

SparkLend

$197.96m at-risk exposure = $163.63m bad debt if hacked + $34.33m additional borrowable against CBBTC

Fluid

$40.24m at-risk exposure = $7.75m bad debt if hacked + $32.5m additional borrowable against CBBTC

Euler V2

$5.61m at-risk exposure = $75,370 bad debt if hacked + $5.53m additional borrowable against CBBTC

Neverland

$1.01m at-risk exposure = -- bad debt if hacked + $1.01m additional borrowable against CBBTC

Maple

$18.31m at-risk exposure = $18.31m bad debt if hacked + $0 additional borrowable against CBBTC

Methodology and limitations

Showing collateral exposure for CBBTC 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 CBBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$330.4m	$315.84m
Morpho V1	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$168.12m	$1.521b
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$59.12m	$17.33m
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$42.58m	$353.55m
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$34.33m	$163.63m
Fluid	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$27.74m	$5.02m
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$20.83m	—
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.7m	$33,950
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.69m	$2.73m
Compound V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$1.29m	—

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Token Usage

An is required to view token usage.

Yields

Showing 10 of 234 pools

Pool	Reference	Protocol
1 aEthcbBTCAave Ethereum cbBTC	cbBTC	Aave V3	$1.481b	<0.01%	Stable 94	1,848
2 spcbBTCSpark cbBTC	cbBTC	SparkLend	$443.26m	<0.01%	Mixed 63	255
3 aBascbBTCAave Base cbBTC	cbBTC	Aave V3	$245.1m	0.01%	Stable 91	16,921
4 cbBTCSOL/BTC Market	cbBTC	Kamino Lend	$61.97m	<0.01%	Stable 76
5 YB-cbBTCYield Basis cbBTC	crvUSD-cbBTC	Curve DEX	$60.73m	12.01%	Mixed 49	2
6 aHyperBTCHyperithm Delta Neutral cbBTC Vault	cbBTC	Accountable🪂	$42.71m	5.16%4.70%+0.46%	Stable 86	50
7 g(yb-cbBTC)YB Gauge: yb-cbBTC	cbBTC	Yield Basis	$22.82m	7.01%+7.01%	Stable 98	177
8 cyb-cbbtcYB cbBTC	crvUSD-cbBTC	Curve DEX	$21.13m	0.00%	Mixed 52	8
9 WBTC-cbBTC	WBTC-cbBTC	Fluid DEX	$18.54m	0.16%	Mixed 66	0
10 WETH-cbBTCCL100 - 0.25%	WETH-cbBTC	Aerodrome Slipstream	$17.09m	2.50%0.15%+2.35%	Stable 75	0

Page 1 of 24

Borrow

Showing 10 of 140 routes

Use CBBTCBorrow CBBTC

Collateral / Borrow	Protocol
1 cbBTC / WETHNeverland Markets	Neverland	+3.76%	4.05%0.55%+3.50%	0.29%4.93%-4.64%	$292,354	70%
2 cbBTC / WBTCNeverland Markets	Neverland	+3.70%	4.05%0.55%+3.50%	0.35%4.62%-4.27%	$340,169	70%
3 cbBTC / WMONNeverland Markets	Neverland	+3.04%	4.05%0.55%+3.50%	1.01%8.56%-7.55%	$211,017	70%
4 cbBTC / USDCCore / Main	Aave V4	+2.02%	<0.01%	-2.02%4.97%-6.99%	$2.59m	78%
5 cbBTC / USDCPrime / Bluechip	Aave V4	+2.02%	0.00%	-2.02%4.97%-6.99%	$1.06m	84.5%
6 cbBTC / XAUt0Neverland Markets	Neverland	+1.67%	4.05%0.55%+3.50%	2.37%5.11%-2.74%	$29,753	70%
7 cbBTC / cbETH	Euler V2	-0.01%	0.00%	0.01%	$147,481	68%
8 cbBTC / LBTC	Euler V2	-0.02%	0.00%	0.02%	$103,214	88%
9 cbBTC / wstETH	Euler V2	-0.02%	0.00%	0.02%	$41,537	71%
10 cbBTC / weETH	Euler V2	-0.03%	0.00%	0.03%	$311,685	68%

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Protocol	Chain
Aave V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$330.4m	$315.84m
Morpho V1	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$168.12m	$1.521b
Compound V3	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$59.12m	$17.33m
Morpho V1	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$42.58m	$353.55m
SparkLend	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$34.33m	$163.63m
Fluid	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$27.74m	$5.02m
Aave V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$20.83m	—
Euler V2	Ethereum	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.7m	$33,950
Fluid	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$4.69m	$2.73m
Compound V3	Base	cbBTC0xcbb7c0000ab88b473b1f5afd9ef808440eed33bf	$1.29m	—