Yield Basis raises caps to $50MM in its WBTC, cbBTC and tBTC market, filling them all within minutes and bringing total TVL to $150MM

Yield Basis, a leveraged basis-trading protocol built on Curve, has sharply increased its capacity for Bitcoin-wrapped markets and seen that new capacity absorbed almost instantly, signaling rapidly growing demand for its strategy and for BTC-based yield in DeFi. According to project communications on X, the protocol raised the deposit caps in its WBTC, cbBTC and tBTC markets to $50 million each, and all three caps were reportedly filled within minutes, bringing total protocol TVL to about $150 million. Yield Basis is designed to provide roughly 2x leveraged exposure to Curve LP positions via market-specific contracts, with separate, isolated markets for assets such as cbBTC, WBTC, tBTC, and WETH. The growth of its Bitcoin markets is backed by an earlier Curve governance proposal to extend a crvUSD credit line (pre-mint allocation) to Yield Basis so it can operate leveraged pools for WBTC, cbBTC and tBTC, initially envisioned at smaller caps around $10 million per pool before scaling up. The instant uptake of higher caps suggests deep user appetite for leveraged basis trades on major wrapped-Bitcoin variants—centralized wrappers like WBTC and Coinbase’s cbBTC, and the more decentralized tBTC—and illustrates how BTC liquidity is increasingly being deployed into structured yield products across DeFi.

✨ AI-generated background, compiled from web sources — not editorial content.

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• Create a crvUSD credit line to Yield Basis - Curve.finance Governance (gov.curve.finance)
• CBBTC to WBTC: Convert Coinbase Wrapped BTC ... - MetaMask (metamask.io)
• Technical Overview | YieldBasis Docs (docs.yieldbasis.com)
• Overview of wrapping alternatives (cbBTC, tBTC, sBTC) (oakresearch.io)
• Wrapped Bitcoin 2026: cirBTC, wBTC, cbBTC, tBTC, FBTC Compared (eco.com)

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