WBTC Leveraged Long by WBTC

WBTC is the original wrapped Bitcoin on Ethereum, backed 1:1 by BTC held with BitGo custodians. It brings Bitcoin liquidity on-chain as a widely supported ERC-20, usable as collateral across DeFi.

How the strategy works

This is a leveraged long on WBTC: you supply WBTC as collateral, borrow USDC against it on Morpho, and loop to increase exposure to BTC. Every cost and liquidation threshold is shown upfront before you confirm.

Strategy details

Collateral asset

Wrapped BTC (WBTC)

Borrowed asset

USDC

Issuer

WBTC

Yield source

None

Underlying

BTC

Category

BTC

Network

Ethereum

Protocol

Morpho

Live metrics

Collateral APY

0.00%

Net borrow APY

5.40%

Max leverage

7.0x

Default leverage

6.7x → -30.78% APY

Leverage ladder

1x 0.00% · 2x -5.40% · 3x -10.80% · 4x -16.20% · 5x -21.60% · 6x -27.00% · 7x(max) -32.40%

Oracle type

market

Exit slippage

$100k 0.21% · $500k 0.31% · $1M 0.42% · $5M 0.96% · $10M 0.41%

as-of 2026-09-29T07:25:49.782Z — live snapshot. Live data (source of truth): https://api.spiralstake.xyz/v1/strategies?chainId=1

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