This opportunity acts as a high-risk, savings account denominated in USD and works well for investors who want stablecoins pegged to USD.
Assets
By investing in this opportunity, your exposure to USD will be through the hyUSD and eUSD tokens, which are different flavors of USD stablecoins on the Ethereum blockchain.
Yield source
Your yield comes from swap fees that investors pay when trading between hyUSD and eUSD on Ethereum. Every swap in this pool 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 multiple smart contract dependencies and exposure to centralized fiat stablecoins.
Provider
Yearn V2
Chain
Ethereum
Contract address
0x6a7A0481e476827857704B87bdeE7922D058cbE4
Yield0.1%
30d APY
Base
0.1%
Reward
0%
.
Investment scenarios
The below scenario simulator is greatly simplified. It intends to illustrate the potential impact of asset price movement on your investment.