TermMax · Ethereum

RLUSD (Coinshift rlUSD vault)

Overview

The TermMax RLUSD vault on Ethereum is a single-asset lending position where suppliers earn variable interest on deposits of rlUSD, a stablecoin issued by Coinshift. The protocol generates yield by matching borrowing demand against the pooled liquidity and distributing the resulting interest spread to lenders.

Total APY stands at 0.88%, with no additional reward component. Over the past week, the rate has declined by 0.22%, while there is no trend data available for the last 30 days; this places the current yield above the 30-day mean of 0.51%.

TVL currently sits at $8.2M with no reported change over the past seven days. Primary exposure stems from depeg risk on the underlying stablecoin, rlUSD. The protocol's focus on stability and upholding a peg against USD underscores the importance of monitoring any potential shifts in the coin’s value relative to its target.

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 0.70%; 30-day mean is 0.84%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 56% confidence based on historical patterns.

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