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TVL $80MAPY 4.65%medium riskUpdated Feb 1, 2025

DOLA/sUSDe Convex Deposit

Deposit Curve DOLA/sUSDe LP tokens into Convex for boosted yields combining Inverse Finance and Ethena stablecoin strategies.

ProtocolConvex
Networkethereum
SymbolCVXDOLA-SUSDE
CategoryYield Vaults
Underlying Assets
DOLAsUSDeCRVCVX
Contract Address0x75f72e6541819e4524d081289919c379e594fc34

What is DOLA/sUSDe Convex Deposit?

This vault optimizes yields for liquidity providers in the Curve DOLA/sUSDe pool through Convex Finance. The pool pairs Inverse Finance's DOLA stablecoin with Ethena's yield-bearing sUSDe, creating a unique combination of two DeFi-native stablecoins.

How This Vault Works

  1. Provide liquidity to the Curve DOLA/sUSDe pool
  2. Deposit the resulting LP tokens into Convex
  3. Convex stakes in Curve gauges with boosted veCRV power
  4. Earn CRV, CVX, and any additional incentives
Yield Sources: Curve trading fees, boosted CRV emissions, CVX rewards, plus the inherent yield from sUSDe (Ethena's staked synthetic dollar).

Understanding the Underlying Assets

DOLA: Inverse Finance's debt-backed stablecoin. DOLA maintains its peg through supply/demand mechanisms managed by the Inverse DAO. It is not an algorithmic stablecoin but is backed by protocol debt positions. sUSDe: Ethena's staked USDe token. sUSDe accrues yield from perpetual futures funding rates and staking rewards. The sUSDe in this pool continues earning Ethena yield while providing liquidity.

Fee Structure

Convex's standard fee structure applies:

  • 16% of CRV rewards taken as fees
  • No deposit or withdrawal fees
  • Fees distributed to CVX ecosystem participants

Yield Composition

This vault's APY combines:

  1. Curve pool trading fees
  2. Boosted CRV gauge emissions
  3. CVX token incentives
  4. Underlying sUSDe yield (passed through to LPs)

The relatively high APY reflects the combined yield sources and any additional incentive programs.

Risk Disclosures

Smart Contract Risk: Multiple protocol exposure including Curve, Convex, Inverse Finance (DOLA), and Ethena (sUSDe). DOLA Risk: DOLA's peg depends on Inverse Finance's FiRM lending market revenues and DAO management. Protocol issues could affect the peg. Ethena/sUSDe Risk: sUSDe yield comes from derivatives funding rates, which can turn negative. Ethena uses centralized exchanges for hedging, introducing counterparty risk. Complexity Risk: This vault involves multiple DeFi protocols with interconnected risks. Failures in any component could cascade. Impermanent Loss: If DOLA or sUSDe depegs relative to the other, LPs may experience losses.

Related Yield Vaults

USPD/USDC Convex Deposit1.34% APYFRAXUSDe Convex Deposit2.50% APYYearn WETH yVault1.82% APYCurve.fi Factory Pool: stETH-ng Convex Deposit1.27% APYDOLA/wstUSR Convex Deposit4.98% APY
Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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