Aerodrome V1 · Base

MSUSD-USDC

Overview

The Aerodrome V1 MSUSD-USDC pool on Base is a multi-asset liquidity position where providers earn yield by contributing to the decentralized exchange's liquidity. The protocol generates revenue from trading fees and distributes it among liquidity providers.

Total APY of 5.53% includes both base returns and reward incentives. Over the past week, the rate has declined by 3.23%, while over the last month, it has dropped by 7.12%. This places the current APY below the 30-day mean of 8.63%.

TVL stands at $8.13M with no recent change noted. The primary risk is exposure to impermanent loss due to the multi-asset nature of the pool, which can occur if token prices diverge from expected values.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 13.54%; 30-day mean is 11.19%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 68% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.