Ethereum

Convex USD Market Making

FRAX DAI USDC USDT

This pool facilitates trades between four USD stablecoins. Your yield is generated from swap fees paid by traders when an exchange happens.

1.9%

Yield

30d APY

Risk

APY

Last 90d

Editor's Take

Investment Rationale

This pool is best suited for degen investors seeking higher yield on USD and fully understand the reflexive design of FRAX.

Risk Perspective

This pool is rated D primarily because FRAX is a risky asset that is exposed to death spiral risk as its price depends on FXS, its native protocol token.

Pool Performance

This pool performs well when FRAX's algorithmic stablecoin design functions as intended but is subject to impermanent loss if FRAX depegs.

Yield1.9%

30d APY

Base

0.5%

Reward

1.3%

TVL

$6.8M

-5.53%

last 30d

Yield

1.9%

APY 30d

Earnings

<$0.1M

Last 30d

Protocol

Convex

Summary

Risk

Fundamentals

Risk of losing your entire investment due to systemic issues in the underlying chain, protocols, or assets

Yield Source

Your yield consists of trading fees from the buying and selling of FRAX, USDC, DAI and USDT stablecoins on the Ethereum blockchain

There are short-term incentives to encourage more deposits into the pool

Investment Strategy

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

Risk Details

Pool Fundamentals

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