Exponent PT — USX (Dec 2026)

5.97%

Current APY

5.41%

7D avg

5.50%

30D avg

$2.8M

TVL

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Strategy overview

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

Moderate risk · Grade C

43/100

The strategy is more complex than plain lending — a fixed-term market adds moving parts that can each go wrong.
USX'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 size27
~$2.8M pool.
Lock-up & yield stability35
Locked 31d; 30d APR volatility 0.4pp.

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 51/100

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

USX

Backing model60
USX: synthetic-backed.
Peg history60
USX: worst recorded peg deviation informs this score (1 recorded event(s)).
Issuer size48
USX: ~$201.5M market cap.
Exit liquidity6
USX: ~$29.1M DEX depth.
Token age52
USX: live since 2025.
Freeze authority35
USX: issuer can freeze token accounts.

About USX

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

USXUSXStablecoin

Low Risk

By Solstice. Solana-native dollar stablecoin backed 1:1 by USDC/USDT with Chainlink proof-of-reserves; eUSX is its staked, yield-bearing form. · Live since 2025

·Worst deviation from $1 peg: 0.16% (tracked window).
·Held its peg 93.5% of the time.

Peg adherence (7d): 73.2%Worst deviation (7d): 0.164%DEX liquidity: $29.1M

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

Past depeg events

▼ $0.94 · 2025-12-26 — 6.35% below peg, recovered source
▼ $1.03 · 2025-12-05 — 3.34% above peg, recovered source

Show all 3

▼ $1.01 · 2025-10-12 — 1.06% above peg, recovered source

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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

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