CryptoCurrencies
18480
Exchanges
500
Total Market Cap
4,048,515,914,494
Volume 24h
157,908,450,521
Dominance
BTC 53.54%   ETH 13.06%   XRP 4.15%   USDT 4.14%

Perpetual Delta Neutral Yield (Optimism)
USDPY

0
$
0.00 %
Change 24h
Market Cap
$ 0
Total Supply
2,116,888
USDPY
$
# Exchange Pair Price Volume 24h

Description

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.