USDP (Balancer V3)

Current APY

Current APY

11.940%

Base APY

2.1431%

Reward APY

9.7972%

Most of the current APY comes from token incentives.

Reward assets: USDP, USDP

Liquidity

TVL

$962,682

7D change

+0.1%

30D change

+0.1%

TVL reflects observed liquidity, not safety.

Where the yield comes from

The reported yield primarily comes from borrower interest paid into this lending market. Separately reported token incentives account for 9.80 percentage points of the current APY.

What can reduce the rate

Yield may fall if borrowing demand decreases or token incentives are reduced.

Observed risk

Insufficient evidence · Medium evidence confidence

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.

Risk methodology

Risk dimensions

• ProtocolHigher concern+
• GovernanceUnknown+
• Oracle dependencyUnknown+
• AssetHigher concern+
• LiquidityHigher concern+
• Rate durabilityHigher concern+
• ExposureModerate concern+
• Custody and counterpartyUnknown+
• Terms and redemptionUnknown+
• InterconnectionModerate concern+
• Data qualityModerate concern+

Principal risks

• Yield.ly did not verify an audit report covering this specific opportunity.
• Multiple volatile assets increase composition risk.
• Pool liquidity appears thin relative to comparable products.
• Most of this yield comes from token incentives.
• Oracle design is unknown for an oracle-dependent product.

Exposure

Exposure type

Single asset

Assets

Not reported

Funds enter Balancer V3 on hyperliquid. Exit via withdrawal from lending market.

Exit conditions

Flexible withdrawal is typical for lending markets unless a lockup is reported.

Some product terms are currently unavailable.

Qualification notes

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

• Lower liquidity

  This pool has lower liquidity than Yield.ly default discovery threshold.

• 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.

• Risk flag

  Oracle design is unknown for an oracle-dependent product.

• Risk flag

  Overall evidence coverage is below the minimum required for a tier.

• Insufficient evidence

  Observed-risk coverage is incomplete for this opportunity.

Data sources

Source observed

Aug 26, 2026, 6:02 AM UTC

Yield.ly refresh

Aug 26, 2026, 6:03 AM UTC

Snapshot generated

Aug 26, 2026, 6:17 AM UTC

• DefiLlama · total APY, base APY, reward APY, TVL

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