Pangolin V2 · Avalanche

WAVAX-USDT.E

Overview

The Pangolin V2 WAVAX-USDT.E pool on Avalanche is a liquidity position where providers earn trading fees from facilitating swaps between WAVAX and USDT.E. The protocol generates yield by charging users for trades executed against the pooled liquidity, with a portion of these fees accruing to liquidity providers. This pool competes among several venues offering similar asset pairs on the Avalanche network.

The total APY stands at 1.91%, consisting solely of base trading fees as there is no additional reward layer. Over the past week and month, the trend has shown consistent decline, with a 7-day decrease of -2.47% and a 30-day drop of -2.50%. This places the current APY below the 30-day mean of 2.64%, indicating that yield is compressing over time.

TVL currently sits at $94,506, with no data available on recent changes. Given its relatively modest size, liquidity depth remains a primary concern for providers. The pool exposes users to impermanent loss due to the multi-asset nature of the position, which can erode returns if asset prices diverge while funds are locked in the pool.

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 0.59%; 30-day mean is 9.23%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 63% confidence based on historical patterns.

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