Earn

Supply USDG to the margin vault. Borrowers pay utilization-based interest, and part of every liquidation penalty is shared with liquidity. Yields vary and are never guaranteed.

Vault TVL
$0
Available
-
Borrowed
-
Utilization
-
Borrow APR
-
Est. total APR
-
Variable, not guaranteed

USDG margin vault

Liquidity by class
USER_LIQUIDITY-
PROTOCOL_OWNED_LIQUIDITY-
Safety reserve-

Protocol-owned USDG comes from Pons creator fees. Losses hit the safety reserve first, then protocol-owned liquidity, and user deposits last.

Revenue sources
Borrow interest (supply APR)-
Liquidation revenue (est. APR)0.00%
Swap fees in AMM pools (avg APR)0.00%
Interest paid to users-
Interest paid to POL-
Liquidation fees to LPs-

Interest rate model

0%25%50%75%100%0%62%124%
Borrow APR 2.00% Supply APR 0.00%Kink at 80% (dotted zone: steep slope)

Your deposit

Your vault balance$0.00
Deposited$0.00
Earned$0.0000
Current supply APR-

Risks: borrower losses beyond the reserve and the protocol-owned buffer, smart contract risk in later phases, and withdrawals waiting for utilization to fall.