This opportunity acts as a savings account denominated in USD.
Assets
By investing in this opportunity, your exposure to USD will be through the USDA token, which is an overcollateralized stablecoin that represents USD on the Ethereum blockchain.
Yield source
Your yield accrues from fees paid by users using the provider's (Angle) stablecoin services. Angle deploys its collateral assets to earn additional yield through real-world assets like US treasuries. This yield is then passed on to depositors of this pool. Your yield can fluctuate based on the demand for the provider's services.
Risk perspective
Risks include USDA's exposure to real-world assets like USD fiat and bonds.
Provider
Angle
Chain
Ethereum
Contract address
0x0022228a2cc5E7eF0274A7Baa600d44da5aB5776
Yield15.3%
30d APY
Base
15.3%
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.