Minswap DEX · Cardano

USDM-IUSD (Stableswap)

Overview

The Minswap DEX USDM-IUSD pool on Cardano is a stableswap liquidity position that generates yield for suppliers by facilitating trades between two stable assets, USDM and IUSD. The protocol routes trading volume through the pool, earning fees from each transaction.

Total APY stands at 34%, composed of a base return of 5% and an additional reward layer contributing 29%. Over the past week, the rate has declined by 6%, while over the last month it increased slightly by 1%. This current rate is below the 30-day average of 35.22%.

TVL in the pool totals $1.1M with no reported change over the past seven days. Given its multi-asset nature, suppliers face impermanent loss exposure rather than depeg risk. The liquidity depth supports robust trading activity within this stableswap mechanism.

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.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Current APY is 0.69%; 30-day mean is 0.79%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 82% confidence based on historical patterns.

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