Ekubo · Ethereum

USDE-USDC (0.00% fee | CL range 0.19%)

Overview

The Ekubo USDE-USDC pool on Ethereum is a single-asset stablecoin liquidity position where suppliers earn variable interest on USDE-USDC deposits. The protocol generates yield by facilitating trades and earning fees from the pooled liquidity. Total APY stands at 10.91%, with no additional reward component. Over the past week, the rate has declined by 5.43% and there is no trend data available for the last month. This current rate falls below the 30-day mean of 15.36%. TVL in the pool stands at $756K with no recent change reported. Given its single-asset nature, primary exposure lies in depeg risk on the underlying stablecoin. The fee structure and close call liquidity range indicate a focus on maintaining stability within the trading pair.

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 10.78%; 30-day mean is 10.78%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 62% confidence based on historical patterns.

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