This opportunity acts as a high-risk, savings account denominated in USD and works well for investors who want stablecoins pegged to USD.
Risks include Yearn's smart contract risk and the quality of the collateral backing both stablecoins. This pool earns swap fees between hyUSD and eUSD (and CRV rewards), but exposes users to the risk of principal loss if hyUSD or eUSD were to depeg significantly.
Yield is dependent on trading volume on Curve and market demand for CRV tokens.