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CBBTC vs WBTC

CBBTC earns about 20.7% at the top end right now; WBTC caps around 12.8%. The bigger choice is what each token is for — same family or same use case?

Wrapped version of BTC — same price, usable across DeFi. Wrapped version of BTC — same price, usable across DeFi.

Side-by-side

CBBTC and WBTC — what each is and what they earn

CBBTC WBTC
Symbol Cbbtc Wbtc
Family Btc Btc
Type Wrapped Wrapped
Native staking APR
Market cap $6.6 B $9.5 B
Live pools 254 631
Best yield 20.70% 12.80%
Chains supported 6 42

Frequently asked

CBBTC vs WBTC — common questions

Is CBBTC or WBTC safer to hold yield on? +
Volatility differs first: stablecoins move ~0%, native coins move 30–80% a year, LSTs and wrapped tokens add small de-peg risk on top. For yield specifically, look at where each token earns — the chain and protocol matter more than the token itself.
Does CBBTC or WBTC earn more? +
Right now CBBTC hits about 20.7% on its best live pool — but headline rate isn't the same as expected return. A 12% LP rate with 30% volatility is not better than 5% on a stablecoin.
Should I swap CBBTC for WBTC to chase yield? +
Probably not just for yield — slippage, gas, and tax on the swap usually eat several months of the rate gap. Swapping makes sense when you're moving between different categories (e.g. native to LST) or you want a token you'll use for other things.
How do I choose between CBBTC and WBTC? +
Start with what you already hold and what you understand. If both are unfamiliar, pick the one with a clearer use case to you — a coin you'll spend or stake long-term beats a higher rate on a token you can't explain.