GMTrade · Solana

USDMXN-USDC

Overview

The GMTrade USDMXN-USDC pool on Solana is a single-asset stablecoin position where suppliers earn yield from trading fees and interest generated by the protocol's derivative products. GMTrade facilitates cross-currency trades between USDMXN and USDC, with suppliers earning from the trading activity of users in these markets. This pool stands as one of several venues for stablecoin liquidity on Solana within the derivatives category.

The total APY is 31.89%, generated entirely from base yield without any additional reward layer. Trend data is not available for this pool, and thus no comparison can be made with historical performance or mean values over the past month. The current rate is below the 30-day average of 39.13%.

TVL in the pool amounts to $958K, indicating a relatively modest size compared to larger DeFi venues. Stability around this level suggests limited volatility in recent days. Primary exposure for suppliers here involves depeg risk on the underlying stablecoin assets. Additionally, given its derivative nature, users are also exposed to smart-contract risks inherent in complex financial instruments.

Composed 2026-05-22 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 39.16%; 30-day mean is 64.36%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 69% confidence based on historical patterns.

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