Exponent PT — eUSX (Dec 2026)

5.61%

Current APY

5.80%

7D avg

5.82%

30D avg

$2.2M

TVL

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Strategy overview

Lock in a return on eUSX through Exponent's fixed-term market. The position redeems at maturity; exiting earlier depends on market liquidity.

Moderate risk · Grade C

42/100

The strategy is more complex than plain lending — a fixed-term market adds moving parts that can each go wrong.
eUSX's backing carries more risk than plain cash reserves — synthetic-backed.
Where the return comes from adds risk — yield comes from a market-neutral trading strategy.

Strategy

risk 45/100

Strategy type80
Fixed-term market
Leverage0
No leverage.
Yield source50
Yield comes from a market-neutral trading strategy.
Pool usage0
Not a utilization-driven product.
Pool size30
~$2.2M pool.
Lock-up & yield stability36
Locked 32d; 30d APR volatility 0.2pp.

What can go wrong

The return is fixed only if you hold to maturity. Selling early is subject to the market price and slippage.
Value depends on the underlying yield token keeping its peg and the protocol honoring redemption at maturity.
Your capital is effectively committed until maturity.

The assets

risk 49/100

What your deposit is held in, and how steady its value is.

eUSX

Backing model60
eUSX: synthetic-backed.
Peg history · no data30
No peg history accrued yet (eUSX).
Issuer size48
eUSX: ~$201.4M market cap.
Exit liquidity52
eUSX: ~$843k DEX depth.
Token age52
eUSX: live since 2025.
Freeze authority0
No freeze authority on the underlying tokens.

About eUSX

Each asset in this position — what it is, how reliable it is, and any past depegs.

eUSXStaked USXYield-bearing stable

Some Risk

By Solstice. Staked form of Solstice's USX (backed 1:1 by USDC/USDT); accrues yield from delta-neutral trading strategies. · Live since 2025

·Yield-bearing — price is designed to drift upward, so it has no fixed $1 peg.
·Price volatility: 0.01% (30d).
·Small market cap — thinner liquidity amplifies price moves.

Volatility (7d): 0.0102%DEX liquidity: $843K

Audited: Yes — Halborn (contracts); Accountable proof-of-solvency

Past depeg events

▼ $0.10 · 2025-12-26 — Tracks USX, which crashed to ~$0.10 on Solana DEXs on 2025-12-26 from a secondary-market liquidity drain (the token stayed over-collateralized) before recovering to ~$0.99 the same day. source

3Thd…p1WC

Token notes & warnings

Mintable — The authority's owner has the ability to mint more tokens

Who runs it

Exponent X Docs DefiLlama

risk 32/100

The team and protocol behind this, and their track record.

Splits a yield-bearing token into principal and yield legs. Buying the principal token (PT) at a discount locks in a fixed yield redeemable at maturity.

Admin controls45
Upgradeable behind a multisig (threshold undisclosed).
Exploit history0
No known exploits.
Track record37
Live for ~29 months.
Price feeds · no data55
Oracle setup unknown.
Scale17
$83.4M TVL — limited adoption so far.
Safety reserves · no data40
No disclosed treasury/insurance backstop.
Bug bounty15
Live bug bounty up to $250k.
Audits0
Audited (Offside Labs, OtterSec, Sec3, Certora, Adevar Labs).

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