About Perpetual Delta Neutral Yield (Optimism)
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.
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Market Stats
Market Cap
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FDV
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Circ. Supply
835K USDPY
Max Supply
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Total Supply
835K USDPY
Performance
Popularity
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Dominance
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Volume (24H)
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Volume (7D)
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Volume (30D)
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All time high
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Price Change (1Y)
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Additional details
Market details
USDPY vs markets
↗ 33.64%
USDPY vs BTC
↗ 27.03%
USDPY vs ETH
↗ 26.64%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Optimism | 0xB9243C495117343981EC9f8AA2ABfFEe54396Fc0 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.00 | |
1 Day | $0.00 | |
1 Week | $0.00 | |
1 Month | $0.00 | |
1 Year | $0.00 |
FAQ
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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