AKASHI

USX-USDC LP

OrcaOrcaPointsOpen at source

0.00%

Current APY

0.02%

7D avg

0.04%

30D avg

$19.5M

TVL

Already have a position?

Connect to see its value, earnings, activity, and live risk.

Moderate risk · Grade C

36/100

  • USX's backing carries more risk than plain cash reserves — synthetic-backed.
  • USX 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).

Strategy

risk 23/100
  • Strategy type35

    Two-token pool

  • Leverage0

    No leverage.

  • Yield source40

    Yield comes from trading fees.

  • Pool usage0

    Not a utilization-driven product.

  • Pool size6

    ~$19.5M pool.

  • Lock-up & yield stability0

    30d APR volatility 0.1pp.

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 51/100

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

USX
CGCMC
  • Backing model60

    USX: synthetic-backed.

  • Peg history60

    USX: worst recorded peg deviation informs this score (1 recorded event(s)).

  • Issuer size48

    USX: ~$201.1M market cap.

  • Exit liquidity6

    USX: ~$29.2M DEX depth.

  • Token age51

    USX: live since 2025.

  • Freeze authority35

    USX: issuer can freeze token accounts.

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

About USX

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

USXUSXStablecoinPool_a
Low Risk
CGCMC

By Solstice. Solana-native dollar stablecoin backed 1:1 by USDC/USDT with Chainlink proof-of-reserves; eUSX is its staked, yield-bearing form. · Live since 2025

  • ·Worst deviation from $1 peg: 0.16% (tracked window).
  • ·Held its peg 89.9% of the time.
Peg adherence (7d): 96.6%Worst deviation (7d): 0.106%DEX liquidity: $29.2M
Audited: Yes — Halborn (contracts); Accountable + Chainlink proof-of-solvency

Past depeg events

  • ▼ $0.94 · 2025-12-26 — 6.35% below peg, recovered source
  • ▼ $1.03 · 2025-12-05 — 3.34% above peg, recovered source
Show all 3
  • ▼ $1.01 · 2025-10-12 — 1.06% above peg, recovered source
6Frr…3tgG

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

OrcaOrcaXDocsDefiLlama
risk 21/100

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

Provides two-sided liquidity to a stablecoin pair via Whirlpools' concentrated liquidity, earning a share of swap fees while the price stays in the chosen range.

  • Admin controls45

    Upgradeable behind a multisig (threshold undisclosed).

  • Exploit history0

    No known exploits.

  • Track record0

    Live for ~69 months.

  • Price feeds10

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

  • Scale6

    $271.0M TVL — limited adoption so far.

  • Safety reserves · no data40

    No disclosed treasury/insurance backstop.

  • Bug bounty15

    Live bug bounty up to $500k.

  • Audits0

    Audited (Neodyme, OtterSec, Kudelski).

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