Blackhole CLMM · Avalanche

USDT-USDC (CL - 1)

Overview

The Blackhole CLMM USDT-USDC pool on Avalanche is a cross-margin liquidity position where providers earn fees from trading activities involving both USDT and USDC tokens. The protocol generates yield by facilitating trades between these two stablecoins.

Total APY stands at 6.43%, entirely derived from rewards, with no base lending component. Over the past week, the rate has declined by 0.31% and over the last month it has dropped by 0.13%. This places the current yield slightly below the 30-day mean of 6.14%.

TVL totals $9.14M with no recent change noted; primary exposure is to impermanent loss due to the multi-asset nature of this liquidity pool. Cross-margin models typically offer deeper liquidity for traders at the cost of increased risk for providers compared to single-asset pools.

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 13.63%; 30-day mean is 19.26%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 64% confidence based on historical patterns.

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