YieldTruth · uniswap-v3 · Base · as of 2026-11-15 07:23 UTC

▲ SHORT-VOL CARRY Grade C

Is the USDC-DESPXA yield on uniswap-v3 real?

You're being paid 2.19% to absorb price risk. Only ~2.19% of it is real fees — and they stop covering impermanent loss if USDC-DESPXA diverges more than the pair moves.

REAL 100%

Real fee/staking yield: 2.19% · token emissions: 0% of the headline.

👜 Would you be better off just holding?

The real fees here (~2.19%) can beat holding if USDC-DESPXA stays calm, but a sharp divergence flips that. It's a genuine short-volatility bet, not free income.

Headline APY

2.19%

Real yield (fees)

2.19%

TVL

$1.7M

Impermanent-loss risk

yes

▶ Open the live interactive verdict

Source: DefiLlama. Verdict is a heuristic over public data, not financial advice.

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