hyUSD

eUSD

3/12/2024 - Yearn USD Market Making has a 30d APY of 26.25%, a TVL of 1,583,892, and an Exponential Risk Rating of D. This pool facilitates trades between two USD stablecoins: hyUSD and eUSD.

Yearn USD Market Making on Ethereum (hyUSD, eUSD)

This pool facilitates trades between two USD stablecoins: hyUSD and eUSD. Your yield is generated from swap fees paid by traders when an exchange happens. This pool maximizes your yield by auto-compounding your CRV rewards.

hyUSD is a decentralized stablecoin that provides convenient access to DeFi yields, enabling holders to earn passive income on their dollars. Governance aims to take low to moderate risk to return high DeFi yields in order to mitigate against inflation.

eUSD is a decentralized stablecoin that is fully backed by yield generating stablecoins deposited in Aave and Compound.

This pool serves as a yield-generating savings account for you to earn yield on your USD stablecoins, subject to market conditions

Investment Strategy

Fundamentals

Risk

Risk of losing your entire investment due to systemic issues. Based on chain, protocols and assets.

Reflects how much principal is at risk due to the nature of the pool's economic design

Yearn USD Market Making

Pool Design

Reflects how liquid the asset is, collateralization level, dependency risks, and reliance on centralized entities

Asset Strength

Reflects the economic design of the asset and convex relationships

Risk Compounding

Asset Tokenomics

Code quality of the underlying smart contracts

Yearn

Curve

Protocol Code Quality

Reflects how long the protocol has been around, the value of the assets deposited in the protocol and its level of decentralization

Protocol Maturity

Protocol’s systemic risks or ponzi like dynamics that can lead to loss of principal

Protocol Design

Reflects how long the blockchain has been running and the total value of assets on the network

Ethereum

Chain Maturity

Reflects the blockchain’s fundamental risks, total value invested, and level of decentralization

Chain Design

Reliability of the underlying blockchain from network congestion or halts

Chain Reliability

Pool Fundamentals

Investment Rationale

Risk Perspective

Pool Performance

Editor's Take

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Yield Source

Your yield comes from earning protocol incentives and fees investors pay when trading between hyUSD and eUSD stablecoins on Ethereum. The yield can change depending on transaction volume and value.

This pool has been receiving protocol incentives to encourage more user deposits