24h Change-1.29%
All Time HighOct 6, 2025$125,812
All Time LowSep 6, 2024$52,119
Market Cap$674.29m
Fully Diluted Valuation$674.29m
Circ. Supply10,252 LBTC
CEX Volume$0
DEX Volume$2.45m
How much debt can be issued against LBTC as collateral across lending protocols.
Maximum possible exposure to LBTC
$218.87m
$43.93m (max additional borrows against LBTC) + $174.94m (bad debt if LBTC was hacked now)
Aave V3
$66.5m at-risk exposure = $48.69m bad debt if hacked + $17.81m additional borrowable against LBTC
Fluid
$15.29m at-risk exposure = $13,809 bad debt if hacked + $15.28m additional borrowable against LBTC
SparkLend
$94.92m at-risk exposure = $89.81m bad debt if hacked + $5.11m additional borrowable against LBTC
Morpho V1
$41.08m at-risk exposure = $36.37m bad debt if hacked + $4.71m additional borrowable against LBTC
Euler V2
$1.08m at-risk exposure = $54,968 bad debt if hacked + $1.02m additional borrowable against LBTC
Showing collateral exposure for LBTC 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.
Each row is one protocol-chain exposure for LBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
LBTC0x8236a87084f8b84306f72007f36f2618a5634494 | $16.45m | $48.69m | ||
LBTC0x8236a87084f8b84306f72007f36f2618a5634494 | $15.09m | $6,195 | ||
LBTC0x8236a87084f8b84306f72007f36f2618a5634494 | $5.11m | $89.81m | ||
LBTC0x8236a87084f8b84306f72007f36f2618a5634494 | $3.57m | $34.05m | ||
LBTC0xecac9c5f704e954931349da37f60e39f515c11c1 | $1.36m | — | ||
LBTC0xecac9c5f704e954931349da37f60e39f515c11c1 | $1.02m | $54,968 | ||
LBTC0xecac9c5f704e954931349da37f60e39f515c11c1 | $873,234 | $818,883 | ||
LBTC0xecac9c5f704e954931349da37f60e39f515c11c1 | $269,803 | $1.5m | ||
LBTC0xecac9c5f704e954931349da37f60e39f515c11c1 | $193,108 | $7,614 | ||
LBTC0xecac9c5f704e954931349da37f60e39f515c11c1 | $13 | $102.3 |
Risk-management actions published about LBTC by tracked risk managers and governance contributors, newest first.
In response to the April 18 KelpDAO exploit exposing LayerZero bridge vulnerabilities, LBTC was shifted to reduce-only mode, enabling outflows while halting new inflows to mitigate counterparty and bridging concerns.
SparkLend parameter updates supported for LBTC in upcoming spells under risk modification guidelines. Enhances its integration and usage within the protocol with reviewed risk parameters.
LBTC markets are integrating LBTC/BTC Redstone oracle paired with SVR BTC/USD, providing a more robust pricing mechanism to handle potential discrepancies in BTC-wrapped asset valuations.
LBTC shows zero utilization in WBTC Comet with no supply balance. Cap set to 0 to eliminate risks from potential exploits or custody issues in lesser-used BTC wrappers.
Isolated LBTC markets on Monad with low OI are being handed over to curator K3 for continued management, as the DAO sunsets direct operations to minimize conflicts of interest and refocus on infrastructure.
LBTC's volatility and liquidity assessments enable LLTV increases to promote adoption, with built-in buffers for risk management.
2% LLTV increases across all pairs to maintain consistency and align with high market LTVs, especially for LBTC/cbBTC borrowing, per internal modeling and liquidity data.
The LBTC market has shown low user demand with average supply cap utilization of 0% over the past 30 days, leading to a recommendation to halve the supply cap and reduce protocol risk exposure.
LBTC is being added to the oracle kill switch to trigger lockdown mode and block new borrows if its price deviates below 0.95 BTC per LBTC, mitigating bad debt risk from potential haircuts or depegs similar to protections for wstETH and WBTC.
LBTC enhances BTC diversification in the vault, incorporated after evaluation of its borrowing demand and collateral strength, with dynamic rebalancing to sustain liquidity under stress.
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Showing 10 of 44 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabCBBTC-WBTC-LBTC | $4.64m | 4.50% | 0% | 4.50% | 5.41% | ||||
| open in new tabCBBTC-LBTCCL1 - 0.02% | $3.61m | 0.51% | 0.12% | 2.12% | |||||
| open in new tabLBTC | $2.88m | 1.86% | 0.01% | 1.85% | 1.94% | ||||
| open in new tabWBTC-LBTC0.01% | $1.03m | 3.61% | 3.61% | 5.43% | |||||
| open in new tabLBTCLBTC | 🪂 | $344,572 | 2.58% | 2.58% | 2.66% | ||||
| open in new tabSUI-LBTC(0.2%) | $247,829 | 12.14% | 6.88% | 5.26% | 9.47% | ||||
| open in new tabCBBTC-WBTC-LBTCCurve | $159,357 | 2.06% | 2.48% | ||||||
| open in new tabLBTC-WBTC(0.01%) | $121,291 | 24.97% | 9.51% | 15.46% | 22.90% | ||||
| open in new tabLBTC-SUI25% | $75,611 | 64.94% | 53.94% | 11.00% | 49.19% | ||||
| open in new tabLBTC-WBTC(0.01%) | $37,315 | 1.34% | 1.34% | 0.33% |
Showing 10 of 1467 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabLBTC âžž MORPHO | $10.34m | 3.90% | 1.86% | 3.15% | 65% | $2.99m | $106,590 | ||
| open in new tabLBTC âžž MORPHO | $10.34m | 2.77% | 0% | 3.15% | 88% | $265,008 | $229,473 | ||
| open in new tabLBTC âžž MORPHO | $10.34m | 2.66% | 3.15% | 80% | $3.63m | $285,041 | |||
| open in new tabLBTC âžž MORPHO | $10.34m | 2.46% | 0.01% | 3.15% | 78% | $27,888 | $1,062 | ||
| open in new tabLBTC âžž MORPHO | $10.34m | 2.36% | 0% | 3.15% | 75% | $5.01m | $2.7m | ||
| open in new tabLBTC âžž MORPHO | $10.34m | 2.36% | 0% | 3.15% | 75% | $368,890 | $182,319 | ||
| open in new tabLBTC âžž MORPHO | $10.34m | 2.36% | 0% | 3.15% | 75% | $58,353 | $28,409 | ||
| open in new tabLBTC âžž MORPHO | $10.34m | 2.33% | 0% | 3.15% | 74% | $204.29m | |||
| open in new tabLBTC âžž MORPHO | $10.34m | 2.20% | 0% | 3.15% | 70% | $128.62m | $1,125 | ||
| open in new tabLBTC âžž WELL | $545,831 | 2.38% | 1.86% | 0.80% | 65% | $2.99m | $106,590 |
