BitcoinBitcoin is at $77,759, down 4.5% in 24 hours

BTC/USD from DefiLlama’s price index, priced Oct 30, 11:29 AM ET.

Lending BTC in DeFi earns about 0.02% a year, and borrowing BTC itself costs about 1.46%. Borrowing stablecoins with BTC as collateral is a different loan: from 3.7% a year in the larger markets.

Lending BTC · supply APY

0.02^%

Weighted by the $5.9B of BTC tokens supplied across 18 markets. Variable. Up to 0.14% in a $100M+ market (Venus Core Pool, BSC).

Borrowing BTC · borrow APY

1.46^%

Weighted by the $208M of BTC tokens borrowed across 15 markets. Variable, less any rewards.

Stablecoins against BTC · borrow APY

3.7^%Aave v3

Borrow USDC against WBTC on Arbitrum: the cheapest of 10 markets with $200M+ of BTC deposited, up to 13.0%. Variable.

Rates observed Oct 30, 11:29 AM ET

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The largest Bitcoin lending markets

By BTC supplied. WBTC, cbBTC, tBTC, LBTC and BTCB count as BTC. Lend APY is what suppliers of BTC earn; borrow APY is what borrowing BTC itself costs, less any rewards. Both variable.

Full comparison →

The largest Bitcoin lending markets, by BTC supplied

1WBTC · Aave V3Ethereum	0.00%	0.32%	$2.6B	$55M
2CBBTC · Aave V3Ethereum	0.00%	0.30%	$955M	$10M
3BTC · JustLend V1Tron	0.01%	2.09%	$503M	$1.4M
4BTCB · Venus Core PoolBSC	0.14%	1.00%	$416M	$84M
5CBBTC · SparkLendEthereum	0.00%	0.04%	$353M	$10M
6WBTC · Aave V3Arbitrum	0.02%	0.74%	$234M	$11M

Every BTC market, lenders’ published rates and the loan calculator →

Sources: DefiLlama (BTC/USD price), observed Oct 30, 11:29 AM ET; DefiLlama (BTC lending markets), observed Oct 30, 11:31 AM ET; DefiLlama (stablecoin loans against BTC), observed Oct 30, 11:24 AM ET; exchange APIs via DeFi Rate (funding), observed Oct 30, 11:36 AM ET; DefiLlama (ETF assets and flows), observed Oct 30, 11:38 AM ET; Kalshi via DeFi Rate (odds), observed Oct 30, 11:36 AM ET.

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