Fluid DEX · Ethereum

USDC-USDT

Overview

Fluid DEX USDC-USDT on Ethereum is a stablecoin liquidity pool on a decentralized exchange where liquidity providers earn fees from trading activity between USDC and USDT. The pool offers a base APY of 18.89%, with no additional reward APY component. Over the past 30 days, APY has trended downward by 14.75%, though the last 7 days showed a reversal with a 14.04% increase from the 30-day mean of 77.78%. Total value locked stands at $56.88 million USD, with trend data unavailable for the 7-day period. Primary risk exposure is depeg risk, given the stablecoin nature of both assets; while the pool is designated as multi-asset, no impermanent loss is expected due to the stable pairing.

Composed 2026-05-18 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 0.43%; 30-day mean is 0.81%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

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

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