Perpetual Delta Neutral Yield (Optimism)
USDPYProject Safety Score: 13%
Updated 3 weeks, 3 days ago& Market
Credibility
Behavioral
Mechanics
Distribution
USDpy is a yield accruing stable which gets yield from basis trading. The USDpy token elegantly amplifies yield on USD, harnessing the funding accrued from perpetual DEXes.
USDpy generates yield by shorting an asset on a perps market with a favorable funding rate, while holding that asset in spot or yield to be delta neutral against USD. This asset performs best when many are going long on the underlying asset, as traders pay the short market in funding rate. When the funding rate is unfavorable, leverage is reduced to limit losses on yield.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
