USDC

USDT

nUSD

7/5/2023 - Synapse USD Market Making has a 30d APY of 11.1%, a TVL of 1,269,832, and an Exponential Risk Rating of D. This pool facilitates trades between four USD stablecoins.

Synapse USD Market Making on Polygon (USDC.e, USDT, DAI, nUSD)

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

USDC.e is the Ethereum-bridged version of USDC on Polygon PoS chain. USDC is a centralized stablecoin backed by USD reserves held by a licensed custodian (Circle).

USDC.e

USDT is a centralized stablecoin backed by USD reserves held by Tether.

DAI is the first overcollateralized and decentralized stablecoin issued by Maker. Its value is soft pegged to the US Dollar and backed by a combination of other stablecoins and crypto assets.

nUSD, or "nexus" USD, is a cross-chain bridge asset fully backed by the nexus stablecoin liquidity pool on Ethereum that consists of DAI, USDC, and USDT. nUSD is used to enable cross-chain swapping of assets.

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

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

Synapse 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

Synapse

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

Polygon

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

Something that shows up when you hover over the (i) icon

Yield Source

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

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

Synapse USD Market Making

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

Get more from your crypto -earn 15% yield or more

Get more from your crypto -
earn 15% yield or more