Save5.03%
5.07%
4.44%
$19.2M
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Strategy overview
Deposit USDC into Save's lending market. Your deposit earns variable interest paid by over-collateralized borrowers.
- How it works:
- Your deposit joins a shared pool that over-collateralized borrowers draw from. The interest they pay is split among suppliers, so your yield rises and falls with how much of the pool is borrowed (utilization).
- What you hold:
- A lending position representing your supplied USDC plus accrued interest.
- Who runs it:
- Save — live since 2021 · audited by 3 firms · no known incidents
Position details
- APY Now
- 5.03%
- 7D Avg
- 5.07%
- 30D Avg
- 4.44%
- TVL
- $19.2M
- Tokens
USDC- Utilization
- 90.1%
- Deposit Address
- BgxfHJDzm44T7XG68MYK…
Low–moderate risk · Grade B
27/100
- Control over the protocol's code matters — upgrade authority is a single key — single point of failure.
- Where the return comes from adds risk — yield comes from over-collateralized lending.
- No published reserve fund that could repay users after an incident.
Strategy
- Strategy type20
More complex strategy type.
- Leverage0
No leverage.
- Yield source45
Yield comes from over-collateralized lending.
- Pool usage20
90% of supplied liquidity is borrowed.
- Pool size6
~$19.2M pool.
- Lock-up & yield stability0
30d APR volatility 0.6pp.
What can go wrong
- Withdrawals can be delayed when the market is near full utilization — your funds are lent out until borrowers repay.
- Yield is variable, not fixed, and can drop as borrowing demand falls.
- A bad-debt event in the market (a borrower's collateral can't cover their loan) can affect all suppliers.
The assets
What your deposit is held in, and how steady its value is.
- Backing model10
USDC: fiat-backed.
- Peg history6
USDC: worst recorded peg deviation informs this score (12 recorded event(s)).
- Issuer size0
USDC: ~$70.1B market cap.
- Exit liquidity0
USDC: ~$385.1M DEX depth.
- Token age0
USDC: live since 2018.
- Freeze authority35
USDC: issuer can freeze token accounts.
About USDC
Each asset in this position — what it is, how reliable it is, and any past depegs.
By Circle. Backed 1:1 by cash and short-term US Treasuries held in regulated reserves. · Live since 2018
- ·Worst deviation from $1 peg: 0.17% (tracked window).
- ·Held its peg 99.8% of the time.
Past depeg events
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
The team and protocol behind this, and their track record.
Lends your deposit to over-collateralized borrowers in Save's money markets, paying you a share of the interest they pay.
- Admin controls95
Upgrade authority is a single key — single point of failure.
- Exploit history0
No known exploits.
- Track record0
Live for ~63 months.
- Price feeds0
Multiple robust price feeds (Pyth, Switchboard).
- Scale19
$72.6M TVL — limited adoption so far.
- Safety reserves · no data40
No disclosed treasury/insurance backstop.
- Bug bounty0
Live bug bounty up to $1.0M.
- Audits0
Audited (Kudelski Security, Neodyme, OtterSec).
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