Overview
Risks
How much debt can be issued against WBTC as collateral across lending protocols.
Maximum possible exposure to WBTC
$3.072b
$488.55m (max additional borrows against WBTC) + $2.584b (bad debt if WBTC was hacked now)
Aave V3
$1.078b at-risk exposure = $815.01m bad debt if hacked + $263m additional borrowable against WBTC
Compound V3
$305.84m at-risk exposure = $208.59m bad debt if hacked + $97.25m additional borrowable against WBTC
Morpho V1
$284.79m at-risk exposure = $236.85m bad debt if hacked + $47.94m additional borrowable against WBTC
Fluid
$62.14m at-risk exposure = $22.48m bad debt if hacked + $39.66m additional borrowable against WBTC
SparkLend
$68.29m at-risk exposure = $36.16m bad debt if hacked + $32.13m additional borrowable against WBTC
Euler V2
$6.28m at-risk exposure = $231,379 bad debt if hacked + $6.04m additional borrowable against WBTC
Neverland
$2.52m at-risk exposure = -- bad debt if hacked + $2.52m additional borrowable against WBTC
Maple
$1.264b at-risk exposure = $1.264b 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 489 pools
Borrow
Showing 10 of 295 routes