Blackhole CLMM · Avalanche

WAVAX-USDC (CL - 200)

Overview

The Blackhole CLMM WAVAX-USDC pool on Avalanche is a cross-lending position where users can deposit and borrow against a basket of assets, generating yield through liquidity provision. The total APY stands at 439.76%, with the reward component contributing entirely to this figure as there is no base lending rate. The 7-day trend shows an increase of 297.61% while the 30-day trend indicates a decline of 4.04%, placing the current APY below the 30-day mean of 421.87%. TVL in this pool is $960K, with no reported change over the past week. Given its multi-asset nature, users are exposed to impermanent loss risk. This liquidity model attracts a diverse set of assets, enhancing trading depth and opportunities for arbitrage, though it also amplifies exposure to smart-contract vulnerabilities.

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.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 510.72%; 30-day mean is 868.52%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 94% confidence based on historical patterns.

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