Pharaoh V3 · Avalanche

WAVAX-USDC (CL 0.06%)

Overview

The Pharaoh V3 WAVAX-USDC pool on Avalanche is a liquidity position that generates yield through trading fees from decentralized exchange activities. Users deposit both WAVAX and USDC to facilitate trades, earning revenue from the transaction volume.

Total APY stands at 185.49%, entirely driven by rewards with no base lending component. Over the past week, the rate has dropped by 24.24% and over the last month it has declined further by 35.87%, currently below the 30-day average of 206.56%.

TVL is $6.13M with no reported change in the past seven days. The primary risk here involves impermanent loss due to the multi-asset nature of the pool, exposing users to price fluctuations between WAVAX and USDC. Liquidity depth on this DEX pool influences trading fees and thus the reward APY stability.

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 188.48%; 30-day mean is 755.89%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 68% confidence based on historical patterns.

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