This opportunity acts as a savings account denominated in USD.
Assets
By investing in this opportunity, your exposure to USD will be through the DAI token, which is a USD stablecoin that represents USD on the Ethereum blockchain.
Yield source
Your yield accrues from bridging fees for moving DAI into and out of Ethereum. Each DAI transfer via the provider (Across) incurs a fee. This fee is paid out to depositors for providing funds. On top of this, the provider also boosts your returns through additional marketing incentives. Your yield can fluctuate based on transaction volume and the value of incentive payouts.
Risk perspective
Risks include smart contract considerations related to bridges and Maker's (issuer of DAI stablecoin) treasury management risk.
Provider
Across
Chain
Ethereum
Contract address
0x4fabacac8c41466117d6a38f46d08ddd4948a0cb
Yield12.2%
30d APY
Base
6.2%
Reward
5.9%
.
Investment scenarios
The below scenario simulator is greatly simplified. It intends to illustrate the potential impact of asset price movement on your investment.