Shadow Exchange CLMM · Sonic

USDC.E-USDT (CL 0.01%)

Overview

The Shadow Exchange CLMM USDC-USDT pool on Sonic is a liquidity position for cross-lending between USDC and USDT, generating yield through the protocol's automated market-making mechanism. The total APY of 10.48% includes both base lending returns and an additional reward layer. Over the past week, the rate trended down by 0.36%, while over the last month it declined by 5.15%, placing the current yield below the 30-day mean of 1.34%. TVL stands at $533K with no reported change in the past seven days; primary exposure is to impermanent loss due to the multi-asset nature of the pool. This liquidity depth supports trading activity on the Dex, though it also exposes suppliers to price volatility between USDC and USDT pairs.

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 0.80%; 30-day mean is 2.57%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 61% confidence based on historical patterns.

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