Pangolin V2 · Avalanche

WAVAX-USDC

Overview

The Pangolin V2 WAVAX-USDC pool on Avalanche is a liquidity position for trading pairs, where suppliers earn fees from trades executed against their pooled assets. By providing liquidity to the exchange, users generate yield through transaction fee splits. This pool competes with other DEXs and liquidity protocols offering similar asset pairings on the Avalanche network.

The total APY stands at 3.32%, comprised solely of base yield without any additional reward layer. Over the past seven days, the APY has decreased by 2.46% and over the last thirty days, it has declined by 1.58%. The current rate is above the 30-day mean of 3.18%, indicating a slight expansion in yield relative to recent history.

TVL currently stands at $101M with no significant change observed over the past week. Given its size, this suggests stability in terms of liquidity provider interest. Primary exposure for this pool includes impermanent loss risk due to the multi-asset nature of the position. Additionally, the depth and reliability of trading volume on Pangolin V2 influence the fee generation potential for liquidity providers.

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.

• 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 1.00%; 30-day mean is 9.91%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 65% confidence based on historical patterns.

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