VanEck Treasury Fund · Ethereum

VBILL

Overview

The VanEck Treasury Fund VBILL on Ethereum is a single-asset pool that holds treasury bills, generating yield through interest payments from the underlying assets. Total APY stands at 3.45%, with no additional reward component. Over the past week and month, the trend has been down by 0.08% each period, placing the current rate slightly below the 30-day mean of 3.53%.

TVL is currently $22.7M without a reported change over the last seven days. The primary risk associated with this pool is smart-contract risk due to its reliance on the VanEck Treasury Fund protocol. Given that it holds treasury bills, liquidity depth and stable returns are key factors for users considering participation in this fund.

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.

• Yield variability

  Current APY is 3.57%; 30-day mean is 3.50%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 71% confidence based on historical patterns.

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