BlackRock (BUIDL)Open at source3.84%
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$483.8M
$0
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Strategy overview
Hold BUIDL, a yield-bearing stablecoin issued by BlackRock (BUIDL). Its value or balance grows as the issuer's underlying assets generate returns.
- How it works:
- We swap your USDC into the issuer's yield-bearing dollar (e.g. sUSDe, USDY). The token's value or balance grows over time as the issuer's underlying strategy — staking, T-bills, or a delta-neutral hedge — earns yield. You exit by swapping back.
- What you hold:
- BUIDL in your wallet; its balance or redemption value grows as yield accrues.
- Who runs it:
- BlackRock (BUIDL) — launch date unverified · no public audit · no known incidents
Position details
- APY Now
- 3.84%
- Issued (TVL)
- $483.8M
- DEX Liquidity
- $0
- Max @ 0.3% Slip
- —
- Token
- BUIDL
- Mint
- GyWgeqpy5GueU2YbkE8xqUeVEokCMMCEeUrfbtMw6phr
- Current Price
- $1.0000
- Slippage @ $100k
- —
High risk · Grade E
100/100
- Can't be sold
- We don't know how long the protocol has been running.
- Control over the protocol's code matters — regulated issuer with institutional custody (no on-chain admin-key path).
Strategy
- Strategy type15
More complex strategy type.
- Leverage0
No leverage.
- Yield source10
Yield comes from US Treasury bills.
- Pool usage0
Not a utilization-driven product.
- Pool size0
Token hold — no pool.
- Lock-up & yield stability0
30d APR volatility 0.0pp.
What can go wrong
- Depeg risk: the token can trade below $1 if the issuer's backing or strategy comes under stress.
- Exit depends on DEX liquidity — thin liquidity means more slippage when swapping back to USDC.
- Yield and peg both depend on the issuer; many of these are off-chain RWA or synthetic-dollar issuers (see the protocol notes below).
The assets
What your deposit is held in, and how steady its value is.
- Backing model10
BUIDL: rwa-backed.
- Peg history0
BUIDL: worst recorded peg deviation informs this score.
- Issuer size17
BUIDL: ~$1.6B market cap.
- Exit liquidity · no data55
DEX liquidity unknown (BUIDL).
- Token age31
BUIDL: live since 2024.
- Freeze authority35
BUIDL: issuer can freeze token accounts.
About BUIDL
Each asset in this position — what it is, how reliable it is, and any past depegs.
By BlackRock / Securitize. BVI money-market fund share at $1.00 holding cash, T-bills and repo at BNY Mellon; dividends paid monthly as new tokens to allowlisted qualified purchasers. · Live since 2024
- ·Yield-bearing — price is designed to drift upward, so it has no fixed $1 peg.
- ·Price volatility: 0.00% (30d).
Token notes & warnings
- Permanent delegate — This token's owner has the ability to control this token, even if it is in your wallet
- Not sellable — This token may not be sellable
- Freezable — The authority's owner has the ability to freeze your token account, preventing you from further trading
- Unverified — This token is not verified, make sure the mint address is correct before trading
- Low liquidity — This token has low liquidity
- Low activity — This token has low organic activity
- Mintable — The authority's owner has the ability to mint more tokens
- Concentrated — A large majority of the token's supply is owned by a single wallet
Who runs it
BlackRock (BUIDL)The team and protocol behind this, and their track record.
The fund holds cash, US Treasury bills and repo at $1.00 NAV and pays daily-accrued dividends monthly as new tokens. Subscriptions and redemptions go through Securitize for qualified purchasers.
- Admin controls30
Regulated issuer with institutional custody (no on-chain admin-key path).
- Exploit history0
No known exploits.
- Track record · no data55
Launch date unknown — track record can't be assessed.
- Price feeds · no data55
Oracle setup unknown.
- Scale · no data40
Independent TVL unknown.
- Safety reserves · no data40
No disclosed treasury/insurance backstop.
- Bug bounty · no data30
No bug bounty on record.
- Audits60
No public audit on record.
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