Research

ONYC-USDC (Orca)

Orca · Solana · Liquidity pool

Obs · 27m ago

Total APY

1.68%

TVL

$4M

Observed risk

Moderate

Rate

Base: 1.68%
Incentive: 0.0%
Fee: n/a
Total: 1.68%

Base 1.6847% · Incentive 0.0000%

Liquidity

TVL: $4,039,156
7D change: -27.4%
30D change: -28.6%

TVL has fallen 29% over the last 30 days where reported.

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: 1.68%
7D median: 1.27%
30D median: 1.01%
30D range: 0.17% to 2.62%
30D trend: +0.7%

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.
Impermanent loss exposure applies to this product.

Strengths

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.
Impermanent loss exposure applies to this product.
Impermanent loss relative to holding the underlying assets.

Exposure

Exposure type: Multi-asset position
Assets: ONYC + USDC
Impermanent loss: Impermanent-loss exposure

User deposits ONYC. User deposits USDC. Funds enter Orca on solana. USDC introduces Circle and banking partners 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.
Impermanent loss exposure
Multi-asset pool exposure can create impermanent loss relative to holding the underlying assets.

Data sources

Source observed: Oct 22, 2026, 10:42 AM UTC
Yield.ly refresh: Oct 22, 2026, 10:42 AM UTC
Data generated: Oct 22, 2026, 10:57 AM UTC

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

How data works · Source registry · Report a data issue

Report a data issue

Share opportunity

1.6847% · Orca · Solana. Not investment advice.

www.orca.so

Open Orca ↗Price a move with Yield Alpha