Minswap DEX · Cardano

NIGHT-USDM (V2)

Overview

The Minswap DEX NIGHT-USDM pool on Cardano is a multi-asset liquidity position where providers earn variable interest from trading fees generated by the protocol. This dual-token liquidity pool facilitates swaps between the native asset, NIGHT, and USDM, a stablecoin.

Total APY stands at 4.34%, combining base yield with an additional reward layer of 0.52%. Over the past week, the rate has decreased by 0.75% and over the last month it has fallen by 4.95%, placing the current rate below the 30-day mean of 6.18%.

TVL in this pool is $465K with no reported change over the past seven days; primary exposure includes impermanent loss risk due to its multi-asset nature. Liquidity depth remains adequate for facilitating efficient trading within the DEX ecosystem.

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 11.87%; 30-day mean is 12.04%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 73% confidence based on historical patterns.

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