GammaSwap Open Interest · Base

WETH-USDC

Overview

The GammaSwap Open Interest WETH-USDC pool on Base is a multi-asset liquidity position where users supply both WETH and USDC to facilitate options trading. The protocol generates yield by settling open interest positions, which are the net obligations from derivatives contracts.

Total APY stands at 0.61%, with no additional reward component. Over the past week, the rate has declined by 11.54% and over the last month it has dropped by 10.52%. This places the current yield below the 30-day average of 21.57%.

TVL is $196K with no reported change in the past week; primary exposure includes impermanent loss risk due to the multi-asset nature of the pool. Users should consider liquidity depth and market volatility when assessing potential returns on this options-related liquidity provision.

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 7.42%; 30-day mean is 13.68%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 51% confidence based on historical patterns.

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