Pangolins USDC

USDC·Base·curated by Pangolins

APY3.96%-0.21% vs 30d

TVL$32.21M

Risk score38/ 100

Plain English explanationWritten by Sharpe Finance research · model card · last update 2026-05-12

What this vault actually does

Pangolins curate top-tier DeFi protocols uncover optimal participation methods and execute automated risk control enabling users to earn yield safely and simply.

What breaks this vault

The honest version. Every structural failure mode this vault is exposed to, ranked by severity. If you want to know whether to invest, start here.

Cap-weighted utilization is 86.1%, leaving little idle buffer. Large same-day redemptions may queue behind active loan repayments.

Weighted LLTV across markets is 86.0%. Sharp collateral drawdowns can trigger cascading liquidations faster than vault parameters can be adjusted.

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