YieldTruth · aerodrome-slipstream · Base · as of 2026-08-15 02:09 UTC

▲ SHORT-VOL CARRY Grade C

Is the USDC-CBBTC yield on aerodrome-slipstream real?

You're being paid 8.29% to absorb price risk. Only ~5.02% of it is real fees (the other ~39% is decaying emissions) — and they stop covering impermanent loss if USDC-CBBTC diverges more than the pair moves.

REAL 61%

EMISSIONS 39%

Real fee/staking yield: 5.02% · token emissions: 39% of the headline.

👜 Would you be better off just holding?

The real fees here (~5.02%) can beat holding if USDC-CBBTC stays calm, but a sharp divergence flips that. It's a genuine short-volatility bet, not free income.

Headline APY

8.29%

Real yield (fees)

5.02%

TVL

$1.4M

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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