USDv

Examples

Example: Market Maker Operating Wallet

Market makers often hold USDv across multiple venues and operational wallets.

Today, the stable leg of a market-making position usually does not earn at the asset level. If stablecoin inventory is sitting inside a pool or operating wallet, that USD exposure is idle unless it is actively generating fees.

USDv makes the stable leg productive.

Available Positions
$600,000.00USDv
Earns you
$0.00per year

Example

A market maker has USDv exposure across two LP positions and one operating wallet:

  • SOL/USDv pool on Meteora: position size 500,000 USDv equivalent, USDv leg 250,000 USDv
  • WBTC/USDv pool on Orca: position size 400,000 USDv equivalent, USDv leg 200,000 USDv
  • Operating wallet: USDv balance 150,000 USDv

Across the full setup:

  • USDv in LP positions: 450,000 USDv
  • USDv in operating wallet: 150,000 USDv
  • Total eligible USDv position: 600,000 USDv
  • Reward destination: operating wallet
  • Reward mode: stream
  • Expected earn rate: 4%
  • Annual USDv rewards: 24,000 USDv

The market maker keeps liquidity deployed in the Meteora and Orca pools while also holding USDv in its operating wallet.

USDv accounts for the combined eligible balance across the LP positions and the operating wallet. Rewards from the full 600,000 USDv position stream to the operating wallet.

As rewards arrive in USDv, they increase the operating wallet balance and compound across the total eligible position.