What the public vault page shows
The Concrete WBTC Vault is the anchor observation for this edition. Publicly visible values are reproduced as a dated snapshot. Missing fields remain unfilled.
Vault dashboard
| Current APY | 1.24% | Concrete Earn · Sep. 22, 2026 |
| 1D APY | Not publicly verified | No reliable public field located · Sep. 22, 2026 |
| 7D APY | 1.57% | Concrete Earn · Sep. 22, 2026 |
| 30D APY | Not publicly verified | No reliable public field located · Sep. 22, 2026 |
| TVL | $2.53M | Concrete Earn · Sep. 22, 2026 |
| Underlying asset | WBTC | Concrete Earn · Sep. 22, 2026 |
| Network | Ethereum | Concrete Earn · Sep. 22, 2026 |
Terms and controls
| Lockup / withdrawal queue | 21 days | Concrete Earn · Sep. 22, 2026 |
| Strategy categories | Concrete vault; Aave V3 exposure shown | Concrete Earn · Sep. 22, 2026 |
| Audit status | Not publicly verified | No vault-specific audit record located · Sep. 22, 2026 |
| APY guarantee | No | APY is variable; source display · Sep. 22, 2026 |
Read the label correctly
Current APY and 7-day APY are different measurements. Neither is a guaranteed forward return.
Yield is an allocation outcome
The diagram describes the product logic, not a claim that every component is continuously active or allocated in a fixed proportion.
Lending markets
Interest can arise from borrower demand. Utilization, collateral, liquidation design and protocol risk matter.
DEX liquidity
Trading fees and incentives may contribute, with inventory, liquidity and impermanent-loss considerations.
Delta-neutral strategies
Hedged positions may seek to reduce directional exposure, but execution, funding and counterparty risks remain.
Other DeFi integrations
Additional venues or wrappers can add sources of return and additional smart-contract or operational dependencies.
How WBTC Yield Is Distributed Across DeFi
This is a source-availability table, not a “best” ranking. Only the Concrete WBTC row has current numeric values verified in the public pages reviewed for this edition.
| Protocol | Vault | Network | 1D APY | 7D APY | 30D APY | TVL | Strategy type | Reputation / data quality |
|---|---|---|---|---|---|---|---|---|
| Concrete | WBTC Vault | Ethereum | Not publicly verified | 1.57% | Not publicly verified | $2.53M | Curated vault; Aave V3 exposure shown | Primary app data; dated Sep. 22, 2026 |
| Aave | WBTC supply market | Not publicly verified for this comparison | Not publicly verified | Not publicly verified | Not publicly verified | Not publicly verified | Lending market | Primary protocol available; comparable WBTC snapshot not located |
| Morpho | WBTC market / curated market | Not publicly verified for this comparison | Not publicly verified | Not publicly verified | Not publicly verified | Not publicly verified | Permissionless or curated lending | Primary protocol available; comparable WBTC snapshot not located |
| Veda / Lombard | BTC yield products | Not publicly verified for this comparison | Not publicly verified | Not publicly verified | Not publicly verified | Not publicly verified | BTC yield / managed strategy | Primary product pages reviewed; WBTC-comparable snapshot not located |
Different assets, different yield engines
Comparing these assets directly has limitations: the underlying risk, liquidity, collateral behavior and return sources are not equivalent.
WBTC
- Current / 7D APY
- 1.24% / 1.57%
- 30D APY
- Not publicly verified
- Approx. TVL
- $2.53M
- Category
- BTC lending / curated vault
WETH
- Current / 7D APY
- Not publicly verified
- 30D APY
- Not publicly verified
- Approx. TVL
- $844M
- Category
- Concrete private APY vault
USDT
- Current / 7D APY
- 8.32% / 8.20%
- 30D APY
- Not publicly verified
- Approx. TVL
- $29.8M
- Category
- Stablecoin curated vault
USDC
- Current / 7D APY
- 7.65% / 7.36%
- 30D APY
- Not publicly verified
- Approx. TVL
- $1.19M
- Category
- Stablecoin curated vault
Source for all numeric asset-card values: Concrete Earn · Data as of September 22, 2026. “Approx. TVL” reflects the public display and is not a liquidity guarantee.
APY and TVL describe different dimensions
The plot uses the three Concrete rows with both current APY and TVL publicly visible in the reviewed source. Bubble area is proportional to TVL within this small snapshot. Higher APY is not presented as better.
One rate can contain three different stories
Using Concrete USDT as the example, the public page shows a current APY and a 7-day APY. A 30-day public value was not verified in the reviewed source.
Bitcoin yield is becoming a strategy-design problem.
The interesting question is no longer simply “How much APY does WBTC earn?” It is “Where does the yield come from, how persistent is it, what liquidity supports it, and what risks are required to generate it?”
How to read this edition
- Current metrics are labeled Data as of September 22, 2026 beside the metric or in its source cell.
- Current APY is the current rate shown by the source at capture time.
- 1D, 7D and 30D APY are measurement windows, not interchangeable labels. The 7D figures shown here are explicitly labeled.
- Historical APY retains its original date. No historical metric from Weeks 1–6 was changed.
- “Not publicly verified” means the reviewed primary or credible source did not expose a comparable value at publication time.
- Sources reviewed: Concrete Earn, Concrete public materials, vaults.fyi, Aave, Morpho, Veda and Lombard primary pages where relevant.
- This is research context, not an investment recommendation. APY is variable and not guaranteed.
Concrete Earn
WBTC, USDT, USDC and WETH public vault fields, including APY, 7-day APY, TVL, network and withdrawal queue. app.concrete.xyz/earn ↗
Captured September 22, 2026.
vaults.fyi
Credible market-data source reviewed for current cross-protocol coverage. No comparable current WBTC row was used without a verified value. vaults.fyi ↗
Primary protocols
Aave and Morpho protocol pages provide lending and security context; Veda and Lombard provide BTC-product context. Numeric comparisons remain blank where not verified.