Pendle WBTC

WBTC·Ethereum·curated by MEV Capital

APY0.53%+0.18% vs 30d

TVL$2.52K

Risk score45/ 100

Plain English explanationWritten by Sharpe Finance research · model card · last update 2026-05-12

What this vault actually does

The Pendle WBTC vault curated by MEV Capital is dedicated to providing capital to the BTC LSTs PT markets from Pendle. This vault serves correlated markets only and aims to optimize both liquidation risk management and APR from leverage loopers.

What breaks this vault

The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.

Weighted LLTV across markets is 94.5%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

Every market relies on an external price feed. A stale or manipulated feed can mis-price collateral and produce unrecoverable bad debt.

Loading vault…