Minswap DEX · Cardano

NIGHT-USDCX (V2)

Overview

The Minswap DEX NIGHT-USDCX pool on Cardano is a multi-asset liquidity position that generates yield through trading fees from the decentralized exchange. Users deposit multiple assets to provide liquidity for trading pairs, earning rewards based on their share of the pool.

Total APY stands at 65.97%, comprising a base return of 3.48% and an additional reward layer of 62.49%. Over the past week, the APY has declined by 6.83%, and over the last month, it has dropped significantly by 37.78%, placing current rates well below the 30-day mean of 80.37%.

TVL is currently $5.63M with no recent change data available. The primary risk exposure for this pool includes impermanent loss due to its multi-asset nature, which can occur if the asset ratio in the pool diverges from market prices. Liquidity depth in such pools affects trading slippage and fee distribution among liquidity providers.

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 16.73%; 30-day mean is 73.05%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 62% confidence based on historical patterns.

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