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TVL $11MAPY 0.49%medium riskUpdated Feb 1, 2025

RLUSD/USDC Convex Deposit

Deposit Curve RLUSD/USDC LP tokens into Convex for boosted yields on this Ripple and Circle stablecoin pair.

ProtocolConvex
Networkethereum
SymbolCVXRLUSD/USDC
CategoryYield Vaults
Underlying Assets
RLUSDUSDCCRVCVX
Contract Address0xbd5d4c539b3773086632416a4ec8cef57c945319

What is RLUSD/USDC Convex Deposit?

This vault optimizes yields for the Curve RLUSD/USDC pool through Convex Finance. The pool pairs Ripple's RLUSD stablecoin with Circle's USDC, connecting Ripple's payment ecosystem with DeFi liquidity.

How This Vault Works

  1. Provide RLUSD and/or USDC to the Curve pool
  2. Stake LP tokens in this Convex vault
  3. Convex applies boosted CRV rewards
  4. Earn trading fees plus CRV and CVX
Yield Sources: Curve swap fees, boosted CRV emissions, CVX rewards.

Understanding RLUSD

RLUSD is Ripple's USD stablecoin launched in 2024:

  • Designed for enterprise and payment use cases
  • Backed by USD reserves held by Ripple
  • Available on Ethereum and XRP Ledger
  • Focused on regulatory compliance
  • Targets institutional adoption

Pool Significance

This pool provides:

  • DeFi liquidity for RLUSD holders
  • Bridge between Ripple ecosystem and Ethereum DeFi
  • Arbitrage opportunities for peg maintenance
  • Integration point for Ripple payment flows

Fee Structure

Standard Convex fees:

  • 16% of CRV rewards
  • No deposit/withdrawal fees

Risk Disclosures

Smart Contract Risk: Exposure to Curve, Convex, and both stablecoin contracts. RLUSD Risk: Newer stablecoin with limited DeFi track record. Depends on Ripple's reserve management. Ripple Regulatory Risk: Ripple has faced regulatory challenges historically. Future actions could affect RLUSD. USDC Risk: Circle's stablecoin with reserve and regulatory dependencies. Liquidity Risk: RLUSD has smaller market cap than major stablecoins. Lower liquidity during stress. Impermanent Loss: Either stablecoin depegging causes LP losses. New Asset Risk: Limited historical data on RLUSD's DeFi performance.

Related Yield Vaults

USPD/USDC Convex Deposit1.34% APYDOLA/sUSDe Convex Deposit4.65% APYFRAXUSDe Convex Deposit2.50% APYYearn WETH yVault1.82% APYCurve.fi Factory Pool: stETH-ng Convex Deposit1.27% 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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