Overview
Kraken Wrapped BTC(KBTC)
Token Price$61,900
24h Change-2.3%
All Time HighOct 6, 2025$126,108
All Time LowJul 1, 2026$58,028
Key Metrics
Market Cap$377.76m
Fully Diluted Valuation$377.76m
Circ. Supply6,103 KBTC
Volume 24h$629,779
CEX Volume$0
DEX Volume$2.71m
Risks
How much debt can be issued against KBTC as collateral across lending protocols.
Maximum possible exposure to KBTC
$238.27m
$39.31m (max additional borrows against KBTC) + $198.96m (bad debt if KBTC was hacked now)
Tydro
$20.47m at-risk exposure = -- bad debt if hacked + $20.47m additional borrowable against KBTC
Morpho V1
$217.8m at-risk exposure = $198.96m bad debt if hacked + $18.84m additional borrowable against KBTC
Methodology and limitations
Showing collateral exposure for KBTC on onchain. Max Borrowableuses 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 KBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
kBTC0x73e0c0d45e048d25fc26fa3159b0aa04bfa4db98 | $20.47m | — | ||
kBTC0x73e0c0d45e048d25fc26fa3159b0aa04bfa4db98 | $18.84m | $198.96m |
Markets
Token Usage
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Liquidations
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Yields
Tracking 10 pools, average APY 26.78%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabKBTC | $159.59m | 0% | 0% | ||||||
| open in new tabKBTC | $121.89m | 0% | 0% | ||||||
| open in new tabWBTC-KBTC0.01% | $18.68m | 0.41% | 0.41% | 0.11% | |||||
| open in new tabKBTC | 🪂 | $13.04m | 0.03% | 0.03% | 0.05% | ||||
| open in new tabKBTC-SOLVBTCCL100 - 0.05% | $3.88m | 0% | 0% | ||||||
| open in new tabUSD₮0-KBTCCL100 - 0.2% | $1.34m | 28.61% | 28.61% | 7.75% | |||||
| open in new tabWETH-KBTCCL100 - 0.2% | $235,964 | 11.28% | 11.28% | 8.60% | |||||
| open in new tabWBTC-KBTC | $81,736 | 0% | 0% | 0.23% | |||||
| open in new tabKBTC-SOLVBTCCL1 - 0.02% | $48,233 | 75.81% | 75.81% | 13.87% | |||||
| open in new tabKBTC-USDGCL100 - 0.18% | $23,071 | 44.51% | 44.51% | 65.44% |
Borrow
Tracking 6 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabKBTC ➞ USD₮0 | 🪂 | $6.88m | -2.24% | 0.03% | -3.16% | 72% | $14.22m | $1.17m | |
| open in new tabKBTC ➞ USDC | 🪂 | $5.84m | -2.06% | 0.03% | -2.91% | 72% | $14.22m | $1.17m | |
| open in new tabKBTC ➞ WETH | 🪂 | $5.26m | -1.14% | 0.03% | -1.62% | 72% | $14.22m | $1.17m | |
| open in new tabKBTC ➞ USDG | 🪂 | $1.73m | -2.15% | 0.03% | -3.03% | 72% | $14.22m | $1.17m | |
| open in new tabKBTC ➞ GHO | 🪂 | $706,596 | -3.14% | 0.03% | -4.40% | 72% | $14.22m | $1.17m | |
| open in new tabKBTC ➞ USDE | 🪂 | $17,608 | -1.33% | 0.03% | -1.88% | 72% | $14.22m | $1.17m |