Where and How to Lend Coinbase Wrapped BTC (cbbtc)

Lending Coinbase Wrapped BTC can be a great option for those who want to hold cbbtc but earn yield. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

1. 1. Obtain Coinbase Wrapped BTC (cbbtc) Tokens

   In order to lend Coinbase Wrapped BTC, you need to have it. To obtain Coinbase Wrapped BTC, you'll need to purchase it. You can choose from these popular exchanges.

2. 2. Choose a Coinbase Wrapped BTC Lender

   Once you have cbbtc, you'll need to choose a Coinbase Wrapped BTC lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Morpho	Coinbase Wrapped BTC (cbbtc)	Up to 0.31% APY
   Kamino	Coinbase Wrapped BTC (cbbtc)	Up to 0% APY
   Aave V3	Coinbase Wrapped BTC (cbbtc)	Up to 0.0008816% APY
   Spark	Coinbase Wrapped BTC (cbbtc)	Up to 0.0002761% APY

   Rates as listed by providers on Aug 15, 2026

   See all 4 lending rates

3. 3. Lend Your Coinbase Wrapped BTC

   Once you've chosen a platform to lend your Coinbase Wrapped BTC, transfer your Coinbase Wrapped BTC into your wallet in the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.