Incubator / cbBTC Max Yield
INCUBATINGcbBTC/USDCPriime Pools

cbBTC Max Yield

by mara.ethGraduates in 27 days
Open in builder
Verdict · Modeled, not realized.
Looks profitable
Conservative case clears 14.4%; good case reaches 35.0%. Drag is dominated by lvr (rebalancing drag).
Net APY band
14% → 35%
Leveraged loop · Modeled, not realized.
Capacity
$10.53M
$10.53M capacity · 1% full — limited by pool depth.
Fees vs. rebalancing
2.7×
Fees cover rebalancing loss 2.7×
Rebalance cadence
54×/yr
~54×/yr · ~7d in range
Est. max drawdown
5%
Mild — modeled worst-case dip.
Leverage
1.00×
Borrowed capital amplifies fees, funding, LVR and drawdown together.
Health factor
0.00×
Close to the liquidation boundary — thin safety margin.
Liquidation distance
0%
Adverse price move the collateral absorbs before liquidation.
Funding income
4.0%
Carry the hedge earns on top of fees.
P&L attribution — good case
Gross pool fees
+$56,067
LVR (rebalancing drag)
-$20,951
Hedge funding
+$3,040
Hedge spread
-$2,052
Borrow / spread cost
-$1,520
Idle yield
+$1,200
Gas
-$648
Transition cost
-$135
Signed contribution of each term to modeled net P&L. Modeled, not realized.
Strategy graph
Read-only preview
ModulesEvery module is audited or first-party
FETCH
Liquidity Source
Priime Pools — the concentrated-liquidity base position.
First-party
COMPUTE
Auto Center
Keeps your liquidity centered on price, earning fees in-range.
First-party
COMPUTE
Dynamic Leverage
Scales borrowed capital up or down within health limits.
First-party
COMPUTE
Auto Hedge
Shorts to cancel price exposure — earns fees without betting on direction.
First-party
SETTLE
Liquidation Buffer
Holds a hard floor of air above the liquidation price.
First-party
SETTLE
Auto Compound
Harvests and reinvests fees, batched to keep gas low.
First-party
SETTLE
Endogenous Risk
Watches the strategy's own vitals and corrects before things break.
First-party
SETTLE
Exogenous Risk
Watches oracles, venues and depegs — de-risks when the world breaks.
First-party