alpha signal: CBBTC yield_farm
$CBBTC realistic apy 31.6%, headline 33.8%. capital range $5k - $151k. 1x leverage. provide CBBTC/USDC liquidity on orca-dex (solana). base yield from swap fees, no extra rewards. uncorrelated pair means price movements between bitcoin and stablecoin create impermanent loss. w
$CBBTC
realistic apy 31.6%, headline 33.8%. capital range $5k - $151k. 1x leverage.
provide CBBTC/USDC liquidity on orca-dex (solana). base yield from swap fees, no extra rewards. uncorrelated pair means price movements between bitcoin and stablecoin create impermanent loss.
why this might disappear: TVL under $5M means a large withdrawal or a few big swaps can crater the pool’s depth and apy.
risks
- Uncorrelated LP, impermanent loss can erase the APY edge
- Limited TVL ($5,047,657), exit liquidity constraint
- DefiLlama flagged ilRisk=yes for this pool
you’re getting paid to hold a volatile asset vs stable, but the loss from a btc spike might exceed the yield.
what’s your threshold for impermanent loss before you pull?
full digest: https://falsifylab.substack.com/p/alpha-signal-cbbtc-yield-farm-on
#DeFiYield $CBBTC #OnchainAlpha
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