YieldTruth · gmx-v2-perps · Avalanche · as of 2026-07-10 04:44 UTC
▲ SHORT-VOL CARRY Grade C

Is the BTC-USDC yield on gmx-v2-perps real?

You're being paid 2.10% to absorb price risk. Only ~2.10% of it is real fees — and they stop covering impermanent loss if BTC-USDC diverges more than ±51%.

REAL 100%

Real fee/staking yield: 2.10% · token emissions: 0% of the headline.

👜 Would you be better off just holding?

Break-even fact: a ±51% move in BTC-USDC erases a full year of the fees you actually keep (~2.10%). Whether that move happens is up to the market — but any emissions inflating the headline will fade regardless.

Headline APY
2.10%
Real yield (fees)
2.10%
TVL
$1.3M
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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