AKASHI

Exponent PT — USX (Dec 2026)

ExponentExponentPoints

5.29%

Current APY

5.45%

7D avg

5.42%

30D avg

$2.8M

TVL

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Moderate risk · Grade C

42/100

  • The strategy is more complex than plain lending — a fixed-term market adds moving parts that can each go wrong.
  • USX's backing carries more risk than plain cash reserves — synthetic-backed.
  • Where the return comes from adds risk — yield comes from a market-neutral trading strategy.

Strategy

risk 45/100
  • Strategy type80

    Fixed-term market

  • Leverage0

    No leverage.

  • Yield source50

    Yield comes from a market-neutral trading strategy.

  • Pool usage0

    Not a utilization-driven product.

  • Pool size27

    ~$2.8M pool.

  • Lock-up & yield stability24

    Locked 20d; 30d APR volatility 0.3pp.

What can go wrong

  • The return is fixed only if you hold to maturity. Selling early is subject to the market price and slippage.
  • Value depends on the underlying yield token keeping its peg and the protocol honoring redemption at maturity.
  • Your capital is effectively committed until maturity.

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.

About USX

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

USXUSXStablecoin
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
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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

ExponentExponentXDocsDefiLlama
risk 32/100

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

Splits a yield-bearing token into principal and yield legs. Buying the principal token (PT) at a discount locks in a fixed yield redeemable at maturity.

  • Admin controls45

    Upgradeable behind a multisig (threshold undisclosed).

  • Exploit history0

    No known exploits.

  • Track record37

    Live for ~29 months.

  • Price feeds · no data55

    Oracle setup unknown.

  • Scale19

    $75.9M TVL — limited adoption so far.

  • Safety reserves · no data40

    No disclosed treasury/insurance backstop.

  • Bug bounty15

    Live bug bounty up to $250k.

  • Audits0

    Audited (Offside Labs, OtterSec, Sec3, Certora, Adevar Labs).

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