SparkLend · Ethereum

PYUSD

Overview

SparkLend's PYUSD pool on Ethereum is a single-asset lending market where PYUSD serves as the deposited asset.

The pool currently generates 15.93% base APY with no reward incentives, for a total APY of 15.93%. Over the past 30 days, APY has declined 30%, falling from a 30-day mean of 41.39%. The 7-day trend shows a similar 31.4% decline, indicating accelerating downward pressure on yields.

Total value locked stands at 95.18 million USD. As a stablecoin pool, the primary risk exposure is depeg risk, where PYUSD may lose its peg to the US dollar. The pool carries inherent smart-contract risk tied to SparkLend's protocol implementation. The model assigns a 77% probability to a stable or upward trajectory.

Composed 2026-05-18 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 1.01%; 30-day mean is 1.03%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 76% confidence based on historical patterns.

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