Kamino2.71%
—
17.79%
$37.8M
$0
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Strategy overview
This Kamino Multiply strategy uses USCC as collateral to borrow USDC, then converts the borrowed USDC into more USCC. The loop can amplify USCC yield, but it also increases liquidation risk.
- How it works:
- Your USCC is supplied as collateral, USDC is borrowed against it, and the borrowed USDC is swapped back into more USCC — repeated to reach the target leverage. You earn the supply yield on the full looped amount, minus the cost of borrowing USDC.
- What you hold:
- A leveraged USCC collateral position with USDC debt managed inside the lending market.
- Who runs it:
- Kamino — live since 2022 · audited by 5 firms · no known incidents
Position details
- Liquidity Available
- $0
- Max Leverage
- 6.6x
- Net APY at 6.6x
- 2.71%
- Collateral Asset
- USCC — Max LTV 85%
- Debt Asset
- USDC — Liq LTV 88%
- Supply APY
- 4.46%
- Borrow APY
- 4.77%
- Utilization
- 95.0%
- Tokens
USCCcollateral–
USDCdebt
Net APY by leverage over time. net = supply × leverage − borrow × (leverage − 1).
High risk · Grade E
100/100
- Can't be sold
- Uses borrowed money, which magnifies losses — up to 6.6x leverage (liquidation at 88% LTV).
- USCC's backing carries more risk than plain cash reserves — synthetic-backed.
Strategy
- Strategy type80
Leveraged loop
- Leverage95
Up to 6.6x leverage (liquidation at 88% LTV).
- Yield source85
Yield comes from a leveraged position.
- Pool usage40
95% of supplied liquidity is borrowed.
- Pool size2
~$37.8M pool.
- Lock-up & yield stability40
30d APR volatility 12.4pp.
What can go wrong
- Liquidation: if your loan-to-value rises above 88%, the position is liquidated and you can lose collateral. Higher leverage sits closer to this line.
- Depeg: if USDC loses its peg, your effective LTV can spike and trigger liquidation even without a price drop in USCC.
- Rate risk: the loop is only profitable while the USCC supply yield stays above the USDC borrow cost — that spread can compress or turn negative.
The assets
What your deposit is held in, and how steady its value is.
USCC
- Backing model60
USCC: synthetic-backed.
- Peg history · no data30
No peg history accrued yet (USCC).
- Issuer size70
USCC: ~$708k market cap.
- Exit liquidity · no data55
DEX liquidity unknown (USCC).
- Token age33
USCC: live since 2024.
- Freeze authority35
USCC: issuer can freeze token accounts.
These rows show USCC. The overall score counts the weaker token on each measure.
About USCC
Each asset in this position — what it is, how reliable it is, and any past depegs.
USCCCrypto Carry FundYield-bearing stableCollateral
Some RiskBy Superstate. Tokenized fund (created by Superstate, now Bitwise-managed) that earns yield from the crypto cash-and-carry basis trade between spot and futures. · Live since 2024
- ·Yield-bearing — price is designed to drift upward, so it has no fixed $1 peg.
- ·Price volatility: 0.00% (30d).
- ·Small market cap — thinner liquidity amplifies price moves.
Volatility (7d): 0.0057%
Audited: Yes — Ernst & Young (fund auditor); NAV Fund Services
BTRR…UCaK
Token notes & warnings
- Permanent delegate — This token's owner has the ability to control this token, even if it is in your wallet
- Not sellable — This token may not be sellable
- Freezable — The authority's owner has the ability to freeze your token account, preventing you from further trading
- Unverified — This token is not verified, make sure the mint address is correct before trading
- Low liquidity — This token has low liquidity
- Low activity — This token has low organic activity
- Mintable — The authority's owner has the ability to mint more tokens
- Concentrated — A large majority of the token's supply is owned by a single wallet
The team and protocol behind this, and their track record.
Supplies your deposit into Kamino's lending reserves or automated vaults, where it earns interest from borrowers. Multiply positions loop your collateral against borrowed assets to amplify yield.
- Admin controls45
Upgradeable behind a multisig (threshold undisclosed).
- Exploit history0
No known exploits.
- Track record0
Live for ~49 months.
- Price feeds35
Single robust price feed (Scope).
- Scale0
$1.5B TVL — battle-tested at scale.
- Safety reserves · no data40
No disclosed treasury/insurance backstop.
- Bug bounty0
Live bug bounty up to $1.5M.
- Audits0
Audited (OtterSec, Sec3, Offside Labs, Certora, Ackee Blockchain).
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