Yield

cpUSD generates yield from two main sources:

PayFi Vaults

Permissioned lending vaults that provide short-term stablecoin loans to institutional PayFi borrowers. Loan cycles typically run 1–5 days, enabling strong redemption liquidity and competitive double-digit APYs.

Learn more about PayFi Vaults.

Liquid Yield-Bearing Stablecoins

A reserve of liquid yield-bearing stablecoins is maintained in the cpUSD Vault to support instant redemptions while generating additional yield.

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Yield Accrual

cpUSD accrues and reflects yield automatically. Its value increases continuously through the Vault’s exchange rate, which rises block by block as interest from PayFi loans accrues.

When redeemed, cpUSD returns the original deposit plus the accrued yield, calculated at the current exchange rate.