YieldTruth · uniswap-v3 · Ethereum · as of 2026-07-01 05:18 UTC

▲ SHORT-VOL CARRY Grade C

Is the USDC-CBBTC yield on uniswap-v3 real?

You're being paid 5.11% to absorb price risk. Only ~5.11% of it is real fees — and they stop covering impermanent loss if USDC-CBBTC diverges more than the pair moves.

REAL 100%

Real fee/staking yield: 5.11% · token emissions: 0% of the headline.

👜 Would you be better off just holding?

The real fees here (~5.11%) can beat holding if USDC-CBBTC stays calm, but a sharp divergence flips that. It's a genuine short-volatility bet, not free income.

Headline APY

5.11%

Real yield (fees)

5.11%

TVL

$2.6M

Impermanent-loss risk

yes

▶ Open the live interactive verdict

Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.

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