Research

USDC-FXUSD (Convex)

Convex · Ethereum · Liquidity pool

Obs · 31m ago

Total APY

9.34%

TVL

$9.2M

Observed risk

Moderate

Rate

Base: 9.34%
Incentive: <0.01%
Fee: n/a
Total: 9.34%

Base 9.3400% · Incentive 0.0001%

Reward assets: REWARD, REWARD

Liquidity

TVL: $9,181,418
7D change: -2.2%
30D change: -7.7%

Risk

Moderate observed risk·Medium evidence confidence

An emergency pause authority exists with broad scope.
Multiple volatile assets increase composition risk.

Risk methodology

Historical yield

Current: 9.34%
7D median: 0.86%
30D median: 0.27%
30D range: 0.01% to 4.2%
30D trend: +9.1%

Loading history

Loading 30-day APY history…

Where the yield comes from

The reported yield primarily comes from trading fees earned by the liquidity pool. Separately reported token incentives account for 0.00 percentage points of the current APY.

What can reduce the rate

Yield may fall if trading volume or token incentives decline.

Risk detail

Yield.ly's risk assessment summarizes observable factors and data coverage. It is not an audit, credit rating, guarantee, or recommendation. Smart contracts, assets, protocols, custodians, and market conditions can fail in ways the model does not detect.

Watch

An emergency pause authority exists with broad scope.
Multiple volatile assets increase composition risk.
Current rate is far above the 30-day median.

Strengths

Predominantly base yield rather than token incentives.
Thirty-day observation history available.
Verified protocol and market identity.

Risk dimensions

Principal risks

An emergency pause authority exists with broad scope.
Multiple volatile assets increase composition risk.
Current rate is far above the 30-day median.

Exposure

Exposure type: Multi-asset position
Assets: USDC + FXUSDSTABILITYPOOLV2.0

User deposits USDC. User deposits FXUSDSTABILITYPOOLV2.0. Funds enter Convex on ethereum. Contracts are upgradeable or governance-controlled. USDC introduces Circle and banking partners custodian exposure. Exit via remove liquidity.