Overview
Risks
How much debt can be issued against WBTC as collateral across lending protocols.
Maximum possible exposure to WBTC
$3.157b
$579.34m (max additional borrows against WBTC) + $2.578b (bad debt if WBTC was hacked now)
Aave V3
$1.046b at-risk exposure = $770.53m bad debt if hacked + $275.88m additional borrowable against WBTC
Compound V3
$333.43m at-risk exposure = $215.69m bad debt if hacked + $117.74m additional borrowable against WBTC
Morpho V1
$324.34m at-risk exposure = $207.33m bad debt if hacked + $117.02m additional borrowable against WBTC
Fluid
$61.96m at-risk exposure = $20.51m bad debt if hacked + $41.46m additional borrowable against WBTC
SparkLend
$51.07m at-risk exposure = $31.94m bad debt if hacked + $19.13m additional borrowable against WBTC
Euler V2
$5.95m at-risk exposure = $238,205.91 bad debt if hacked + $5.71m additional borrowable against WBTC
Neverland
$2.41m at-risk exposure = -- bad debt if hacked + $2.41m additional borrowable against WBTC
Maple
$1.332b at-risk exposure = $1.332b bad debt if hacked + $0 additional borrowable against WBTC
Methodology and limitations
Showing collateral exposure for WBTC 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 WBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Markets
Token Usage
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Liquidations
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Yields
Showing 10 of 96 pools
Borrow
Showing 10 of 299 routes