GMTrade · Solana

USDJPY-USDC

Overview

The GMTrade USDJPY-USDC pool on Solana is a derivatives position where users hold a synthetic asset representing exposure to the USD/JPY exchange rate paired with USDC. This protocol generates yield by facilitating leveraged trades and settlements between counterparties, earning fees from transaction volumes.

Total APY stands at 95.49%, with no reward component. The 7-day trend shows an increase of 51.51%, while the 30-day trend data is unavailable. This current rate significantly exceeds the 30-day mean of 57.71%.

TVL currently sits at $2.4M, with no reported 7-day change. The primary risk for this multi-asset pool involves impermanent loss exposure due to price fluctuations in the underlying assets. Given its derivatives nature, liquidity depth and trading volume are critical factors affecting performance and stability.

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 47.43%; 30-day mean is 76.26%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 78% confidence based on historical patterns.

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