DEX
Decentralised-exchange pools with fee income and the risk of impermanent loss
Updated: 22 Sep 2026 · status registry
TVL, APR, APY and PnL are not shown: the source is not connected. Not financial advice. No returns are promised.
Networks: not published · recorded 17 Aug 2026 (status registry)
How the set is formed
A set of pools on decentralised exchanges. A decentralised exchange swaps tokens directly on-chain, without an intermediary. The pool's income is a share of the fee on every swap. Pools are selected through the same public Kanban.
Target composition of the set
draft v1-draft-r2 · prepared 17 Aug 2026 · based on the selection of 16 Aug 2026
canon status: proposed, not approved — only the founder approves
| POOL | CHAIN | VENUE | WEIGHT | WHY |
|---|---|---|---|---|
| USDC-AERO | Base | aerodrome-v1 | 40 % | emissions pay only staked in gauge — see emissions-cap |
| WBTC-ARB | Arbitrum | uniswap-v3 | 40 % | real fees, no emissions |
| WETH-CVX | Ethereum | convex-finance | 20 % | protocol diversification |
This is a target plan, not a snapshot of positions: actual proportions will come from the position reader once it is connected.
Set rules
- equal-weightEqual weight: every pool in an index gets an equal share; at the full 40-pool registry that is 2.5% per pool (matches the audit's ≤2.5% cap). Protocol/chain caps are honoured by pool SELECTION, not by skewing weights
- protocol-capNo protocol takes more than 40% of an index
- chain-capNo chain takes more than 60% of an index
- min-poolsAt least 3 pools per index (buffer excluded)
- rebalance-thresholdActual drifts from target by more than 5pp — a rebalance proposal goes to the founder's button
- emissions-capEmissions-only pools capped at 35% combined; an unstaked receipt does not count as a built position
- exit-rulesA pool exits on: TVL below basket floor · anomalous yield · physical payments vanish from the token feed
- one-canonOne composition for every served product; deposits at any time enter the current target; accounting is share-based
- founder-onlyComposition and weights change only by founder decision, recorded in the journal
- observed-onlyOrdering and metrics are observed, 30-day mean; only “screened”, never “best”
Risks
Every strategy carries risk. Zero risk does not exist in DeFi, and this page will never claim otherwise.
Higher than STABLE and COIN. Impermanent loss is added to market risk. Impermanent loss: when the two assets in a pair diverge in price, the pool position is worth less than simply holding the same assets.
IMPERMANENT LOSS
When paired assets diverge in price, the pool position can end up worth less than simply holding the assets.
COST RISK
Gas, slippage and rebalancing costs can eat the entire gross yield of a small position.
PROTOCOL RISK
The venue holding the position can be exploited, paused or drained.
SMART CONTRACT RISK
Bugs in contract code can lead to partial or complete loss of funds.
LIQUIDITY RISK
Exiting a position can be slow or costly when market liquidity is thin.
Information on this site is provided for informational purposes only. It is not financial, investment, legal or tax advice. Participation in DeFi carries risk, including the possible complete loss of funds. Yields, rewards, buybacks, liquidity and token value are not guaranteed.
The portfolio is watch-only. You enter a public address. The site signs nothing and never asks for keys, seed phrases or passwords. Everything public works without connecting a wallet.