OrcaOpen at source0.84%
2.55%
3.25%
$1.2M
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Strategy overview
Provide USDC/USDT liquidity through Orca. Your position earns trading fees when users swap between the two pool assets.
- How it works:
- You deposit both pool assets into a DEX market. Traders swap against that liquidity, and the fees they pay accrue to liquidity providers; rewards may add extra yield.
- What you hold:
- LP shares representing your contribution to the USDC/USDT pool and the fees it has earned.
- Who runs it:
- Orca — live since 2021 · audited by 3 firms · no known incidents
Position details
- APY Now
- 0.84%
- 7D Avg
- 2.55%
- 30D Avg
- 3.25%
- TVL
- $1.2M
- Pool Pair
- USDC – USDT
- Underlying Tokens
USDC–
USDT- Pool Type
- Orca Whirlpool (concentrated)
- Tick Spacing
- 1
- Fee APR
- 0.84%
- Pool Fee
- 0.01%
Lower risk · Grade A
17/100
- Control over the protocol's code matters — upgradeable behind a multisig (threshold undisclosed).
- The strategy is more complex than plain lending — a two-token pool adds moving parts that can each go wrong.
- Where the return comes from adds risk — yield comes from trading fees.
Strategy
- Strategy type35
Two-token pool
- Leverage0
No leverage.
- Yield source40
Yield comes from trading fees.
- Pool usage0
Not a utilization-driven product.
- Pool size38
~$1.2M pool.
- Lock-up & yield stability1
30d APR volatility 2.2pp.
What can go wrong
- If either asset loses its peg, the pool can leave you holding more of the weaker asset.
- Concentrated positions stop earning fees while the market price sits outside their selected range.
- Yield varies with trading volume, fee rates, and any temporary reward emissions.
The assets
What your deposit is held in, and how steady its value is.
- Backing model10
USDC: fiat-backed.
- Peg history5
USDC: worst recorded peg deviation informs this score (12 recorded event(s)).
- Issuer size0
USDC: ~$73.9B market cap.
- Exit liquidity0
USDC: ~$405.0M DEX depth.
- Token age0
USDC: live since 2018.
- Freeze authority35
USDC: issuer can freeze token accounts.
These rows show USDC. The overall score counts the weaker token on each measure.
About USDC
Each asset in this position — what it is, how reliable it is, and any past depegs.
USDCUSD CoinStablecoinPool_a
Low RiskBy Circle. Backed 1:1 by cash and short-term US Treasuries held in regulated reserves. · Live since 2018
- ·Worst deviation from $1 peg: 0.08% (tracked window).
- ·Held its peg 100.0% of the time.
Peg adherence (7d): 100.0%Worst deviation (7d): 0.034%DEX liquidity: $405.0M
Audited: Yes — Deloitte (monthly attestations)
Past depeg events
EPjF…Dt1v
Token notes & warnings
- Freezable — The authority's owner has the ability to freeze your token account, preventing you from further trading
- Mintable — The authority's owner has the ability to mint more tokens
The team and protocol behind this, and their track record.
Provides two-sided liquidity to a stablecoin pair via Whirlpools' concentrated liquidity, earning a share of swap fees while the price stays in the chosen range.
- Admin controls45
Upgradeable behind a multisig (threshold undisclosed).
- Exploit history0
No known exploits.
- Track record0
Live for ~67 months.
- Price feeds10
Pool-priced AMM — no external price-feed dependency.
- Scale6
$253.1M TVL — limited adoption so far.
- Safety reserves · no data40
No disclosed treasury/insurance backstop.
- Bug bounty15
Live bug bounty up to $500k.
- Audits0
Audited (Neodyme, OtterSec, Kudelski).
How we rate risk
Stablecoin strategies get a 0–100 risk score (lower is safer) built from three areas — Protocol (audits, incident history, track record and admin controls), Strategy (leverage, lock-ups, pool size and yield source) and Asset (the token's peg record, backing, and exit liquidity) — weighted by strategy type — and the weakest area can push the overall number higher (riskier) on its own. The score maps to a grade: A ≤ 22, B ≤ 35, C ≤ 50, D ≤ 70, E above. Grades compare opportunities within our stablecoin catalog — an A is the strongest thing we list (blue-chip stablecoin lending), not a promise of safety. Live events (an active depeg, a reported exploit, a sharp deposit outflow) override the score immediately. Where we lack data, the factor says so and scores cautiously. Non-stablecoin opportunities are not rated. A comparison aid, not advice.
Risk levels are Akashi's own assessment to help you compare opportunities — not financial advice or a safety guarantee. Every DeFi position carries smart-contract and market risk.
Non-custodial · Akashi never holds your funds