YieldTruth · yield-basis · Ethereum · as of 2026-10-03 05:55 UTC
▲ SHORT-VOL CARRY Grade C

Is the YB-WBTC yield on yield-basis real?

You're being paid 2.57% to absorb price risk. Only ~2.57% of it is real fees — and they stop covering impermanent loss if YB-WBTC diverges more than ±58%.

REAL 100%

Real fee/staking yield: 2.57% · token emissions: 0% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±58% move in YB-WBTC erases a full year of the fees you actually keep (~2.57%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY
2.57%
Real yield (fees)
2.57%
TVL
$2.2M
Impermanent-loss risk
yes
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Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.

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