Shadow Exchange CLMM · Sonic

USDC.E-WETH (CL 0.12%)

Overview

The Shadow Exchange CLMM USDC.E-WETH pool on Sonic is a liquidity position for cross-margin trading, where providers earn fees from trades executed against their pooled assets. The protocol generates yield by charging users who trade against the liquidity and distributing those fees to providers. This pool stands as one of several venues for cross-margin trading pairs on Sonic.

The total APY is 62.12%, entirely composed of reward fees with no base interest component. Over the past seven days, the APY has declined by 22.95% and over the last thirty days, it has dropped by 16.91%. The current rate is below the 30-day mean of 78.86%, indicating a trend of decreasing yield.

TVL in this pool stands at $68.6K. Over the past seven days, TVL has decreased slightly, reflecting modest outflows relative to its size. Primary exposure for liquidity providers includes impermanent loss risk due to the multi-asset nature of the pool. The cross-margin model introduces additional complexity and risk related to trader behavior and market volatility.

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 60.00%; 30-day mean is 109.04%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

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

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