USDpy/USDC
USDpy is a yield accruing stable which gets yield from basis trading. The USDpy token elegantly amplifies yield on USD, harnessing the funding accrued from perpetual DEXes. USDpy generates yield by shorting an asset on a perps market with a favorable funding rate, while holding that asset in spot or yield to be delta neutral against USD. This asset performs best when many are going long on the underlying asset, as traders pay the short market in funding rate. When the funding rate is unfavorable, leverage is reduced to limit losses on yield.
Score | 26 |
|---|---|
24h Vol | $0 |
Liquidity | $0 |
Holders | 246 |
Audits | |
Age | 1 year |
FDV | $44K |
Market Cap | $44K |
USDpy to USDC Converter
Score | 26 |
|---|---|
24h Vol | $0 |
Liquidity | $0 |
Holders | 246 |
Audits | |
Age | 1 year |
FDV | $44K |
Market Cap | $44K |
About Perpetual Delta Neutral Yield (USDpy)
USDpy is a yield accruing stable which gets yield from basis trading. The USDpy token elegantly amplifies yield on USD, harnessing the funding accrued from perpetual DEXes. USDpy generates yield by shorting an asset on a perps market with a favorable funding rate, while holding that asset in spot or yield to be delta neutral against USD. This asset performs best when many are going long on the underlying asset, as traders pay the short market in funding rate. When the funding rate is unfavorable, leverage is reduced to limit losses on yield.
USDpy/USDC Price Stats
The current price of USDpy (USDpy/USDC) on Velodrome Finance v2 is $0.05192, the price is up 0% in the last 24 hours. Its 24-hour trading volume is reported to be at $0.00 with a total of 0 transactions. USDpy/USDC contract address is 0xaa910ca68c02c040c7faa032ac89bffd0be24438, with a Fully Diluted Valuation (FDV) of $43,515.29 and a liquidity pool of $0.00.
