$CBBTC / $USDC

realistic apy 31%. headline 33.1%. capital range $5k to $81k. 1x leverage.

provide USDC/CBBTC liquidity on pancakeswap-amm-v3 (base). base fee tier plus no extra rewards. pool is uncorrelated LP, so the yield comes from two assets that don’t move together.

why this might disappear: if CBBTC rallies sharply against USDC, impermanent loss eats the yield. or TVL drops below $1m and fills get thin.

risks

• uncorrelated LP, impermanent loss can erase the APY edge

• limited TVL ($2,699,396), exit liquidity constraint

• defillama flagged ilRisk=yes for this pool

two uncorrelated assets in a small pool. the apy is real until it isn’t.

how do you size uncorrelated LP pairs without getting wrecked on the rebalance?

full deep digest at falsifylab.substack.com

#DeFiYield #CBBTC #Base

Originally published on FalsifyLab Substack.