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.
DatecbBTCWBTCLBTCtBTCSolvBTCuniBTCOther wrappers
2026-01-0151%42%5.3%1.6%0.1%0.0%0.4%
2026-01-0351%42%5.3%1.6%0.1%0.0%0.4%
2026-01-0551%41%5.3%1.6%0.1%0.0%0.4%
2026-01-0751%41%5.3%1.6%0.1%0.0%0.4%
2026-01-0951%41%5.5%1.6%0.1%0.0%0.4%
2026-01-1151%41%5.5%1.6%0.1%0.0%0.4%
2026-01-1351%41%5.5%1.6%0.1%0.0%0.4%
2026-01-1551%41%5.5%1.6%0.1%0.0%0.4%
2026-01-1751%41%5.5%1.6%0.1%0.0%0.4%
2026-01-1952%41%5.4%1.6%0.1%0.0%0.4%
2026-01-2151%41%5.5%1.6%0.1%0.0%0.4%
2026-01-2352%41%5.4%1.6%0.1%0.0%0.4%
2026-01-2552%40%5.3%1.6%0.1%0.0%0.4%
2026-01-2753%40%5.5%1.6%0.1%0.0%0.4%
2026-01-2952%39%6.1%1.6%0.1%0.0%0.4%
2026-01-3152%40%6.3%1.6%0.1%0.0%0.4%
2026-02-0252%40%6.3%1.6%0.1%0.0%0.2%
2026-02-0453%39%6.3%1.5%0.1%0.0%0.5%
2026-02-0654%37%6.1%1.6%0.1%0.0%0.5%
2026-02-0855%37%6.2%1.6%0.1%0.0%0.5%
2026-02-1055%37%5.8%1.5%0.1%0.0%0.6%
2026-02-1255%37%5.5%1.5%0.1%0.0%0.5%
2026-02-1455%37%5.6%1.6%0.1%0.0%0.5%
2026-02-1655%37%5.4%1.5%0.1%0.0%0.5%
2026-02-1856%37%5.3%1.5%0.1%0.0%0.5%
2026-02-2056%37%5.2%1.5%0.1%0.0%0.5%
2026-02-2256%37%5.1%1.5%0.1%0.0%0.6%
2026-02-2456%36%5.2%1.5%0.1%0.0%0.5%
2026-02-2656%37%5.3%1.6%0.1%0.0%0.5%
2026-02-2856%37%5.3%1.5%0.1%0.0%0.5%
2026-03-0256%37%5.4%1.6%0.1%0.0%0.5%
2026-03-0455%37%5.5%1.6%0.1%0.0%0.5%
2026-03-0656%37%5.3%1.6%0.1%0.0%0.5%
2026-03-0856%37%5.3%1.6%0.1%0.0%0.5%
2026-03-1056%37%5.3%1.6%0.1%0.0%0.5%
2026-03-1256%37%5.2%1.5%0.1%0.0%0.5%
2026-03-1456%37%5.2%1.6%0.1%0.0%0.5%
2026-03-1655%37%5.2%1.6%0.1%0.0%0.4%
2026-03-1855%37%5.2%1.6%0.1%0.0%0.4%
2026-03-2056%37%5.1%1.6%0.0%0.0%0.3%
2026-03-2256%37%5.1%1.6%0.0%0.0%0.3%
2026-03-2456%37%5.1%1.7%0.0%0.0%0.2%
2026-03-2656%37%5.1%1.7%0.0%0.0%0.3%
2026-03-2856%37%5.1%1.8%0.0%0.0%0.3%
2026-03-3055%38%5.2%1.8%0.0%0.0%0.3%
2026-04-0156%37%5.1%1.8%0.0%0.0%0.3%
2026-04-0356%37%5.0%1.8%0.0%0.0%0.3%
2026-04-0556%37%5.0%1.9%0.0%0.0%0.3%
2026-04-0756%37%4.8%2.0%0.0%0.0%0.3%
2026-04-0956%37%4.7%2.1%0.0%0.0%0.3%
2026-04-1156%37%4.8%2.1%0.0%0.0%0.3%
2026-04-1356%36%4.8%2.1%0.0%0.0%0.3%
2026-04-1556%37%4.6%2.1%0.0%0.0%0.3%
2026-04-1756%37%5.0%2.1%0.0%0.0%0.3%
2026-04-1953%39%5.4%2.3%0.1%0.0%0.4%
2026-04-2154%38%5.7%2.1%0.1%0.0%0.4%
2026-04-2355%37%5.6%2.1%0.1%0.0%0.4%
2026-04-2555%37%5.7%2.1%0.1%0.0%0.4%
2026-04-2755%37%5.6%2.1%0.1%0.0%0.4%
2026-04-2955%37%5.6%2.0%0.1%0.0%0.4%
2026-05-0155%37%5.6%2.0%0.1%0.0%0.4%
2026-05-0355%37%5.6%2.0%0.1%0.0%0.4%
2026-05-0554%37%5.8%2.0%0.1%0.0%0.3%
2026-05-0755%37%5.7%2.0%0.0%0.0%0.3%
2026-05-0957%36%5.4%1.9%0.0%0.0%0.2%
2026-05-1157%36%5.6%1.9%0.0%0.0%0.2%
2026-05-1356%36%5.7%1.9%0.0%0.0%0.2%
2026-05-1556%36%5.9%1.9%0.0%0.0%0.1%
2026-05-1757%36%5.3%1.9%0.0%0.0%0.1%
2026-05-1957%36%5.5%1.9%0.0%0.0%0.1%
2026-05-2157%36%5.5%1.8%0.0%0.0%0.1%
2026-05-2357%36%5.5%1.8%0.0%0.0%0.1%
2026-05-2557%36%5.2%1.9%0.0%0.0%0.1%
2026-05-2757%35%5.2%1.9%0.0%0.0%0.1%
2026-05-2958%35%5.2%1.8%0.0%0.0%0.1%
2026-05-3158%35%5.3%1.8%0.0%0.0%0.2%
2026-06-0259%34%5.2%1.8%0.0%0.0%0.2%
2026-06-0458%35%5.6%1.8%0.0%0.0%0.2%
2026-06-0658%35%5.8%1.8%0.0%0.0%0.2%
2026-06-0858%35%5.8%1.8%0.0%0.0%0.2%
2026-06-1058%34%5.8%1.8%0.0%0.0%0.2%
2026-06-1257%35%5.8%1.8%0.0%0.0%0.2%
2026-06-1457%35%5.8%1.8%0.0%0.0%0.2%
2026-06-1657%35%5.9%1.8%0.0%0.0%0.2%
2026-06-1857%35%5.9%1.8%0.0%0.0%0.2%
2026-06-2057%35%5.9%1.8%0.0%0.0%0.2%
2026-06-2257%35%5.8%1.8%0.0%0.0%0.2%
2026-06-2457%35%5.8%1.8%0.0%0.0%0.2%
2026-06-2659%34%5.6%1.8%0.0%0.0%0.2%
2026-06-2859%34%5.6%1.8%0.0%0.0%0.2%
2026-06-3059%34%5.5%1.8%0.0%0.0%0.2%
2026-07-0259%33%5.4%1.7%0.0%0.0%0.2%
2026-07-0459%33%5.4%1.7%0.0%0.0%0.2%
2026-07-0659%34%5.4%1.8%0.0%0.0%0.2%
2026-07-0859%33%5.4%1.8%0.0%0.0%0.2%
2026-07-1059%33%5.4%1.8%0.0%0.0%0.2%
2026-07-1259%33%5.5%1.8%0.0%0.0%0.2%
2026-07-1459%33%5.4%1.8%0.0%0.0%0.2%
2026-07-1660%33%5.4%1.8%0.0%0.0%0.2%
2026-07-1860%33%5.4%1.8%0.0%0.0%0.2%
2026-07-2060%33%5.4%1.8%0.0%0.0%0.1%
2026-07-2259%33%5.4%1.8%0.0%0.0%0.2%
2026-07-2459%33%5.3%1.8%0.0%0.0%0.2%
2026-07-2659%33%5.3%1.8%0.0%0.0%0.2%
2026-07-2860%33%5.3%1.7%0.0%0.0%0.2%
2026-07-3059%33%5.3%1.7%0.0%0.0%0.2%
2026-08-0159%34%5.3%1.7%0.0%0.0%0.2%
2026-08-0359%33%5.3%1.7%0.0%0.0%0.2%
2026-08-0560%34%5.0%1.7%0.0%0.0%0.2%
2026-08-0760%33%5.0%1.7%0.0%0.0%0.2%
2026-08-0960%34%5.0%1.5%0.0%0.0%0.2%
2026-08-1159%34%5.0%1.5%0.0%0.0%0.2%
2026-08-1359%34%5.0%1.5%0.0%0.0%0.2%
2026-08-1559%34%5.1%1.5%0.0%0.0%0.2%
2026-08-1759%34%5.0%1.5%0.0%0.0%0.2%
2026-08-1960%34%5.0%1.5%0.0%0.0%0.2%
2026-08-2160%33%5.0%1.5%0.0%0.0%0.2%
2026-08-2361%33%5.0%1.5%0.0%0.0%0.2%
2026-08-2561%33%5.0%1.5%0.0%0.0%0.2%
2026-08-2761%32%5.0%1.5%0.0%0.0%0.2%
2026-08-2960%33%5.0%1.5%0.0%0.0%0.2%
2026-08-3161%33%4.9%1.5%0.0%0.0%0.2%
2026-09-0261%33%4.9%1.5%0.0%0.0%0.2%
2026-09-0461%33%4.8%1.5%0.0%0.0%0.2%
2026-09-0661%33%4.9%1.5%0.0%0.0%0.2%
2026-09-0861%33%4.8%1.5%0.0%0.0%0.2%
2026-09-1061%33%4.6%1.5%0.0%0.0%0.2%
2026-09-1261%33%4.7%1.5%0.0%0.0%0.2%
2026-09-1461%33%4.6%1.5%0.0%0.0%0.2%
2026-09-1661%33%4.6%1.5%0.0%0.0%0.2%
2026-09-1861%33%4.4%1.4%0.0%0.0%0.2%
2026-09-2061%33%4.4%1.4%0.0%0.0%0.2%
2026-09-2261%33%4.4%1.4%0.0%0.0%0.2%
2026-09-2461%33%4.4%1.4%0.0%0.0%0.2%
2026-09-2661%33%4.4%1.4%0.0%0.0%0.2%

CbBTC accounts for 60.9% and WBTC for 33.1% of total. Other wrappers (grouped): 0.2%.

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

Download: CSVJSONMarkdown

Also as: levels, linear

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