Shadow Exchange Legacy · Sonic

USDC-SHADOW (Legacy V2 volatile)

Overview

The Shadow Exchange Legacy USDC-SHADOW pool on Sonic is a multi-asset liquidity position where users earn trading fees from providing both USDC and SHADOW tokens as collateral in the decentralized exchange. The protocol generates yield by charging fees on trades executed against this liquidity, which are then distributed to liquidity providers. This pool stands out among similar venues for its legacy V2 status within the Shadow Exchange ecosystem.

Total APY of 38.60% is entirely from reward incentives with no base yield component. Over the past seven days, the trend has increased by 0.61%, and over the last thirty days, it has risen by 6.16%. The current rate is above the 30-day mean of 31.29%, indicating expanding rewards for liquidity providers.

TVL stands at $89M with a slight increase in the past week. Given its size, this represents stable inflows and outflows within the pool. Primary exposure is to impermanent loss risk due to the multi-asset nature of the liquidity position. The legacy V2 status adds additional smart-contract risk compared to more recent protocol versions.

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 157.51%; 30-day mean is 143.18%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 100% confidence based on historical patterns.

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