The Route of the Waterfalls is a 17-kilometre downhill ride (by bicycle, chiva bus, or a combination) from Baños along the Pastaza River valley toward the Amazon basin. The road drops through a spectacular gorge, passing five waterfalls of varying size and character. Rental bikes are available in Baños and the route is almost entirely downhill — the return trip is made by public bus.
The highlight is the Pailón del Diablo (Devil's Cauldron) near Río Verde — a spectacular 80-metre waterfall that can be approached close enough to feel the spray. The viewing platforms involve a scramble down steep paths. Other waterfalls along the route — the Manto de la Novia, Agoyán, and others — are accessible by short detours from the main road. The full route makes an excellent half-day trip from Baños.