$EURC $USDC

realistic apy 32.3%, headline 34.4%. capital range $5k-$67k. 1x leverage.

provide eurc/usdc liquidity on aerodrome-slipstream (base). base yield 29.9%, rewards 4.5%. exposure is uncorrelated lp, two stablecoins pegged to different things.

why this might disappear: peg divergence between eurc and usdc would create impermanent loss that eats the yield. tvl is only $2.2m, so a large exit could move the pool.

risks

• Uncorrelated LP, impermanent loss can erase the APY edge

• Limited TVL ($2,246,396), exit liquidity constraint

• DefiLlama flagged ilRisk=yes for this pool

i’d rather take a basis trade than hope two pegs hold.

what’s your threshold for il risk on stable pairs?

full deep digest at falsifylab.substack.com

#DeFiYield $EURC #OnchainAlpha

Originally published on FalsifyLab Substack.