Minswap DEX · Cardano

ADA-USDM (V2)

Overview

The Minswap DEX ADA-USDM pool on Cardano is a multi-asset liquidity position where providers earn yield from trading fees generated by the protocol's decentralized exchange activities. The pool facilitates trades between Cardano’s native token, ADA, and USDM, a stablecoin.

Total APY stands at 5.86%, comprising a base rate of 5.47% and an additional reward layer of 0.39%. Over the past seven days, the APY has increased by 0.1%, while over the last thirty days it has decreased by 1.34%, placing it below the 30-day mean of 6.08%.

TVL is at $2.11M with no reported change in the past week. Providers face impermanent loss exposure due to the multi-asset nature of this pool, which can erode returns if token prices fluctuate while liquidity is locked in the protocol.

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 19.19%; 30-day mean is 21.61%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 100% confidence based on historical patterns.

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