Protocol
Mock data — not live snapshotFresh · just now
NAV 100.0m · senior 55.0m · junior 45.0m

Exposures

Every position,
one row at a time.

The full farm list. For the aggregated protocol / asset / entity view, see the Overview page.

Farms · 10
FarmVenueAssetUSD% NAVYieldLiquidityRisk
Pendle PT-sUSDe (Jun)PendlePT-sUSDe$15M15%13.5%maturity60
Pendle PT-apxUSD (Apr)PendlePT-apxUSD$15M15%9.7%maturity50
Pendle PT-eUSDe (Mar)PendlePT-eUSDe$10M10%11.8%maturity55
Pendle PT-syrupUSDC (May)PendlePT-syrupUSDC$10M10%9.2%maturity45
Ethena sUSDe (direct)EthenasUSDe$10M10%10.5%short duration60
Aave V3 USDCAaveUSDC$10M10%5.3%immediate15
Idle USDC ReservesReservesUSDC$10M10%0%immediate5
Pendle PT-USR (Jul)PendlePT-USR$8M8%12.8%maturity58
Maple syrupUSDC (direct)MaplesyrupUSDC$7M7%8.5%short duration38
Spark sDAISparksDAI$5M5%6.2%immediate18
NAV composition
Total assets $100M
  • Pendle · Pendle PT-sUSDe (Jun)15%
  • Pendle · Pendle PT-apxUSD (Apr)15%
  • Pendle · Pendle PT-eUSDe (Mar)10%
  • Pendle · Pendle PT-syrupUSDC (May)10%
  • Ethena · Ethena sUSDe (direct)10%
  • Aave · Aave V3 USDC10%
  • Reserves · Idle USDC Reserves10%
  • Pendle · Pendle PT-USR (Jul)8%
  • Maple · Maple syrupUSDC (direct)7%
  • Spark · Spark sDAI5%
Exposure map

Each block is a farm. Size = USD exposure. Color intensity = risk score.

Indirect exposure — by entitySum 621%

Each farm carries multiple independent failure modes. A Pendle PT-eUSDe position is simultaneously exposure to Pendle, Ethena, USDe peg, and tier-1 CEXes — any one of them failing impairs the position. Totals legitimately exceed 100% of NAV; the overlap is the hidden risk.

Junior buffer threshold (45%). Rows extending past this line are single-entity failure points that pierce the buffer at 100% loss.
22 entities tracked
By maturity bucket
maturity$58M · 58%
immediate$25M · 25%
short duration$17M · 17%
By chain
ethereum$100M · 100%