Research

USDC-USDT (PancakeSwap V3)

PancakeSwap V3 · Ethereum · Liquidity pool

Obs · 24m ago

Total APY

0.52%

TVL

$17.6M

Observed risk

Moderate

Rate

Base: 0.52%
Incentive: n/a
Fee: n/a
Total: 0.52%

Liquidity

TVL: $17,604,991
7D change: -1.1%
30D change: -1.3%

Risk

Moderate observed risk·Medium evidence confidence

Yield.ly did not verify an audit report covering this specific opportunity.
Multiple volatile assets increase composition risk.

Risk methodology

Historical yield

Current: 0.52%
7D median: 0.07%
30D median: 0.06%
30D range: <0.01% to 0.15%
30D trend: +0.5%

Loading history

Loading 30-day APY history…

Where the yield comes from

The reported yield primarily comes from trading fees earned by the liquidity pool.

What can reduce the rate

Yield may fall if trading volume or token incentives decline.

Risk detail

Yield.ly's risk assessment summarizes observable factors and data coverage. It is not an audit, credit rating, guarantee, or recommendation. Smart contracts, assets, protocols, custodians, and market conditions can fail in ways the model does not detect.

Watch

Yield.ly did not verify an audit report covering this specific opportunity.
Multiple volatile assets increase composition risk.
Current rate is far above the 30-day median.

Strengths

Substantial persistent liquidity on record.
Predominantly base yield rather than token incentives.
Thirty-day observation history available.

Unknowns

Contract deployment age is not verified.
Upgradeability is unknown.

Risk dimensions

Principal risks

Yield.ly did not verify an audit report covering this specific opportunity.
Multiple volatile assets increase composition risk.
Current rate is far above the 30-day median.

Exposure

Exposure type: Multi-asset position
Assets: USDC + USDT

User deposits USDC. User deposits USDT. Funds enter PancakeSwap V3 on ethereum. USDC introduces Circle and banking partners custodian exposure. USDT introduces Tether Limited custodian exposure. Exit via remove liquidity.

Exit conditions

Exit terms are not fully reported.

Some product terms are currently incomplete.

Qualification notes

Meets Yield.ly's current requirements for default discovery where qualified. Learn how qualification works

Rate above recent history
The current APY is materially above its recent median based on observed history.
Incentive-heavy yield
A large share of this rate comes from token incentives, which can change quickly and may depend on the reward token market value.

Data sources

Source observed: Oct 20, 2026, 8:02 AM UTC
Yield.ly refresh: Oct 20, 2026, 8:11 AM UTC
Data generated: Oct 20, 2026, 8:17 AM UTC

DefiLlama · total APY, base APY, TVL
CoinGecko · token icon

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Share opportunity

0.5179% · PancakeSwap V3 · Ethereum. Not investment advice.

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