Onchain BTC Research

Which wrapped BTC is posted as collateral

Which wrapper do borrowers actually pledge, and is that changing?

ChartTable
Date against each series, in percent.
DatecbBTCuniBTC
2026-01-0151%0.0%
2026-01-0351%0.0%
2026-01-0551%0.0%
2026-01-0751%0.0%
2026-01-0951%0.0%
2026-01-1151%0.0%
2026-01-1351%0.0%
2026-01-1551%0.0%
2026-01-1751%0.0%
2026-01-1952%0.0%
2026-01-2151%0.0%
2026-01-2352%0.0%
2026-01-2552%0.0%
2026-01-2753%0.0%
2026-01-2952%0.0%
2026-01-3152%0.0%
2026-02-0252%0.0%
2026-02-0453%0.0%
2026-02-0654%0.0%
2026-02-0855%0.0%
2026-02-1055%0.0%
2026-02-1255%0.0%
2026-02-1455%0.0%
2026-02-1655%0.0%
2026-02-1856%0.0%
2026-02-2056%0.0%
2026-02-2256%0.0%
2026-02-2456%0.0%
2026-02-2656%0.0%
2026-02-2856%0.0%
2026-03-0256%0.0%
2026-03-0455%0.0%
2026-03-0656%0.0%
2026-03-0856%0.0%
2026-03-1056%0.0%
2026-03-1256%0.0%
2026-03-1456%0.0%
2026-03-1655%0.0%
2026-03-1855%0.0%
2026-03-2056%0.0%
2026-03-2256%0.0%
2026-03-2456%0.0%
2026-03-2656%0.0%
2026-03-2856%0.0%
2026-03-3055%0.0%
2026-04-0156%0.0%
2026-04-0356%0.0%
2026-04-0556%0.0%
2026-04-0756%0.0%
2026-04-0956%0.0%
2026-04-1156%0.0%
2026-04-1356%0.0%
2026-04-1556%0.0%
2026-04-1756%0.0%
2026-04-1953%0.0%
2026-04-2154%0.0%
2026-04-2355%0.0%
2026-04-2555%0.0%
2026-04-2755%0.0%
2026-04-2955%0.0%
2026-05-0155%0.0%
2026-05-0355%0.0%
2026-05-0554%0.0%
2026-05-0755%0.0%
2026-05-0957%0.0%
2026-05-1157%0.0%
2026-05-1356%0.0%
2026-05-1556%0.0%
2026-05-1757%0.0%
2026-05-1957%0.0%
2026-05-2157%0.0%
2026-05-2357%0.0%
2026-05-2557%0.0%
2026-05-2757%0.0%
2026-05-2958%0.0%
2026-05-3158%0.0%
2026-06-0259%0.0%
2026-06-0458%0.0%
2026-06-0658%0.0%
2026-06-0858%0.0%
2026-06-1058%0.0%
2026-06-1257%0.0%
2026-06-1457%0.0%
2026-06-1657%0.0%
2026-06-1857%0.0%
2026-06-2057%0.0%
2026-06-2257%0.0%
2026-06-2457%0.0%
2026-06-2659%0.0%
2026-06-2859%0.0%
2026-06-3059%0.0%
2026-07-0259%0.0%
2026-07-0459%0.0%
2026-07-0659%0.0%
2026-07-0859%0.0%
2026-07-1059%0.0%
2026-07-1259%0.0%
2026-07-1459%0.0%
2026-07-1660%0.0%
2026-07-1860%0.0%
2026-07-2060%0.0%
2026-07-2259%0.0%
2026-07-2459%0.0%
2026-07-2659%0.0%
2026-07-2860%0.0%
2026-07-3059%0.0%
2026-08-0159%0.0%
2026-08-0359%0.0%
2026-08-0560%0.0%
2026-08-0760%0.0%
2026-08-0960%0.0%
2026-08-1159%0.0%
2026-08-1359%0.0%
2026-08-1559%0.0%
2026-08-1759%0.0%
2026-08-1960%0.0%
2026-08-2160%0.0%
2026-08-2361%0.0%
2026-08-2561%0.0%
2026-08-2761%0.0%
2026-08-2960%0.0%
2026-08-3161%0.0%
2026-09-0261%0.0%
2026-09-0461%0.0%
2026-09-0661%0.0%
2026-09-0861%0.0%
2026-09-1061%0.0%
2026-09-1261%0.0%
2026-09-1461%0.0%
2026-09-1661%0.0%
2026-09-1861%0.0%
2026-09-2061%0.0%
2026-09-2261%0.0%
2026-09-2461%0.0%
2026-09-2661%0.0%

CbBTC accounts for 60.9% and uniBTC for 0.0% of total.

Source: Aave v3, Morpho Blue, Spark — Onchain BTC ResearchMethodology

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Also as: levels, linear

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