Jupiter5.35%
4.64%
4.61%
$2.9M
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Strategy overview
Deposit USDG into Jupiter's lending market. Your deposit earns variable interest paid by over-collateralized borrowers.
- How it works:
- Your deposit joins a shared pool that over-collateralized borrowers draw from. The interest they pay is split among suppliers, so your yield rises and falls with how much of the pool is borrowed (utilization).
- What you hold:
- A lending position representing your supplied USDG plus accrued interest.
- Who runs it:
- Jupiter — live since 2021 · audited by 5 firms · no known incidents
Position details
- APY Now
- 5.35%
- 7D Avg
- 4.64%
- 30D Avg
- 4.61%
- TVL
- $2.9M
- Tokens
USDG- Deposit Address
- 2u1tszSeqZ3qBWF3uNGP…
Lower risk · Grade A
19/100
- Control over the protocol's code matters — upgradeable behind a multisig (threshold undisclosed).
- Where the return comes from adds risk — yield comes from over-collateralized lending.
- Limited reserves to repay users after an incident — ~$9.9M disclosed treasury/insurance backstop.
Strategy
- Strategy type20
More complex strategy type.
- Leverage0
No leverage.
- Yield source45
Yield comes from over-collateralized lending.
- Pool usage20
Utilization unknown for a pool-based product.
- Pool size26
~$2.9M pool.
- Lock-up & yield stability0
30d APR volatility 0.8pp.
What can go wrong
- Withdrawals can be delayed when the market is near full utilization — your funds are lent out until borrowers repay.
- Yield is variable, not fixed, and can drop as borrowing demand falls.
- A bad-debt event in the market (a borrower's collateral can't cover their loan) can affect all suppliers.
The assets
What your deposit is held in, and how steady its value is.
- Backing model10
USDG: fiat-backed.
- Peg history5
USDG: worst recorded peg deviation informs this score (2 recorded event(s)).
- Issuer size7
USDG: ~$3.2B market cap.
- Exit liquidity4
USDG: ~$36.2M DEX depth.
- Token age33
USDG: live since 2024.
- Freeze authority35
USDG: issuer can freeze token accounts.
About USDG
Each asset in this position — what it is, how reliable it is, and any past depegs.
USDGGlobal DollarStablecoin
Low RiskBy Paxos. Regulated dollar stablecoin issued by Paxos (Global Dollar Network), backed by cash and short-term US Treasuries. · Live since 2024
- ·Worst deviation from $1 peg: 0.09% (tracked window).
- ·Held its peg 100.0% of the time.
Peg adherence (7d): 100.0%Worst deviation (7d): 0.018%DEX liquidity: $36.2M
Audited: Yes — Attestations
Past depeg events
2u1t…jGWH
Token notes & warnings
- Permanent delegate — This token's owner has the ability to control this token, even if it is in your wallet
- Freezable — The authority's owner has the ability to freeze your token account, preventing you from further trading
- Mutable transfer fees — This token's transfer fees can be updated by the owner
- Mintable — The authority's owner has the ability to mint more tokens
The team and protocol behind this, and their track record.
Supplies deposits into Jupiter's Earn lending pools (earning borrower interest) or Multiply vaults that loop a yield-bearing token for amplified exposure.
- Admin controls45
Upgradeable behind a multisig (threshold undisclosed).
- Exploit history0
No known exploits.
- Track record0
Live for ~59 months.
- Price feeds0
Multiple robust price feeds (Edge (Chaos Labs), Pyth, Chainlink).
- Scale0
$2.4B TVL — battle-tested at scale.
- Safety reserves39
~$9.9M disclosed treasury/insurance backstop.
- Bug bounty15
Live bug bounty up to $500k.
- Audits0
Audited (OtterSec, Offside Labs, Sec3, MixBytes, Zenith).
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