AKASHI

USD1-USDC LP

RaydiumRaydiumOpen at source

0.05%

Current APY

0.08%

7D avg

0.48%

30D avg

$9.9M

TVL

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Low–moderate risk · Grade B

28/100

  • USD1 has slipped off its target price before — that history is priced in here.
  • Control over the protocol's code matters — upgradeable behind a multisig (threshold undisclosed).
  • Recovered from a past exploit (funds were returned).

Strategy

risk 24/100
  • Strategy type35

    Two-token pool

  • Leverage0

    No leverage.

  • Yield source40

    Yield comes from trading fees.

  • Pool usage0

    Not a utilization-driven product.

  • Pool size10

    ~$9.9M pool.

  • Lock-up & yield stability0

    30d APR volatility 0.5pp.

What can go wrong

  • If either asset loses its peg, the pool can leave you holding more of the weaker asset.
  • Concentrated positions stop earning fees while the market price sits outside their selected range.
  • Yield varies with trading volume, fee rates, and any temporary reward emissions.

The assets

risk 31/100

What your deposit is held in, and how steady its value is.

USD1
CGCMC
  • Backing model10

    USD1: fiat-backed.

  • Peg history73

    USD1: worst recorded peg deviation informs this score.

  • Issuer size7

    USD1: ~$3.3B market cap.

  • Exit liquidity9

    USD1: ~$22.8M DEX depth.

  • Token age51

    USD1: live since 2025.

  • Freeze authority35

    USD1: issuer can freeze token accounts.

These rows show USD1. The overall score counts the weaker token on each measure.

About USD1

Each asset in this position — what it is, how reliable it is, and any past depegs.

USD1USD1StablecoinPool_a
Low Risk
CGCMC

By World Liberty Financial. Dollar stablecoin backed by short-term US Treasuries and cash, held with custodian BitGo. · Live since 2025

  • ·Worst deviation from $1 peg: 0.40% (tracked window).
  • ·Held its peg 5.1% of the time.
Peg adherence (7d): 0.0%Worst deviation (7d): 0.347%DEX liquidity: $22.8M
Audited: Yes — Crowe LLP (attestations); Chainlink Proof of Reserve

Past depeg events

  • ▼ $1.02 · 2025-05-12 — 2.21% above peg, recovered source
  • ▼ $1.02 · 2025-04-12 — 1.65% above peg, recovered source
Show all 5
  • ▼ $1.01 · 2025-04-21 — 1.13% above peg, recovered source
  • ▼ $1.01 · 2025-04-11 — 1.04% above peg, recovered source
  • ▼ $1.01 · 2025-04-21 — 1.02% above peg, recovered source
USD1…EmuB

Token notes & warnings

  • Freezable — The authority's owner has the ability to freeze your token account, preventing you from further trading
  • Mintable — The authority's owner has the ability to mint more tokens

Who runs it

RaydiumRaydiumXDocsDefiLlama
risk 29/100

The team and protocol behind this, and their track record.

Provides two-sided liquidity to a stablecoin pair via CLMM (concentrated) or standard AMM pools, earning a share of swap fees.

  • Admin controls45

    Upgradeable behind a multisig (threshold undisclosed).

  • Exploit history45

    Recovered from a past exploit (funds were returned).

  • Track record0

    Live for ~69 months.

  • Price feeds10

    Pool-priced AMM — no external price-feed dependency.

  • Scale0

    $946.9M TVL — battle-tested at scale.

  • Safety reserves · no data40

    No disclosed treasury/insurance backstop.

  • Bug bounty15

    Live bug bounty up to $505k.

  • Audits0

    Audited (OtterSec, MadShield).

How we rate risk

Stablecoin strategies get a 0–100 risk score (lower is safer) built from three areas — Protocol (audits, incident history, track record and admin controls), Strategy (leverage, lock-ups, pool size and yield source) and Asset (the token's peg record, backing, and exit liquidity) — weighted by strategy type — and the weakest area can push the overall number higher (riskier) on its own. The score maps to a grade: A ≤ 22, B ≤ 35, C ≤ 50, D ≤ 70, E above. Grades compare opportunities within our stablecoin catalog — an A is the strongest thing we list (blue-chip stablecoin lending), not a promise of safety. Live events (an active depeg, a reported exploit, a sharp deposit outflow) override the score immediately. Where we lack data, the factor says so and scores cautiously. Non-stablecoin opportunities are not rated. A comparison aid, not advice.

Risk levels are Akashi's own assessment to help you compare opportunities — not financial advice or a safety guarantee. Every DeFi position carries smart-contract and market risk.

Non-custodial · Akashi never holds your funds