Mezo Vaults · Mezo

SMUSD

Overview

The Mezo Vaults SMUSD pool on the Mezo chain is a single-asset stablecoin position where suppliers earn yield by depositing SMUSD tokens. The protocol aggregates interest from various underlying DeFi protocols and passes it to users, generating returns based on the average yields available across these sources. This pool stands as one of several venues for SMUSD on Mezo but competes with others in terms of APY.

The total APY is 1.10%. With no reward component, this yield comes solely from base interest rates. Over the past seven days, the APY has decreased by 0.41%, and trend data over thirty days is not available for comparison. The current rate falls below the 30-day mean of 1.29%, suggesting a slight compression in yields.

TVL currently stands at $95,651 with no recent change noted within the last seven days, indicating stability around this level. The primary risk here is depeg risk associated with single-asset stablecoin pools, given that SMUSD's value could deviate from its intended peg. Given the relatively low TVL and the nature of yield aggregation, liquidity depth remains a key consideration for users seeking to enter or exit positions quickly.

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 0.25%; 30-day mean is 1.34%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 68% confidence based on historical patterns.

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