LP · Underwrite the float
Earn yield on idle USDC.
Deposit USDC into the insurance pool. Every epoch a Strategy Agent survives, your shares accrue premium yield. When one breaches, the bond pays challengers first — your shares absorb the residual.
Pool size
— USDC
Active agents
0
Premium rate
12.50%
What you earn
Two yield sources, both routed to your LP shares:
I
Premium yield
Every challenger who stakes against an agent pays 12.5% premium up front. If the agent keeps its promise, 40% of every premium flows to LPs.
II
Breach residual
When an agent breaches, the bond pays challengers first. Anything left over sweeps to LPs — small bonus when claims don't fully exhaust the bond.
What you risk
Your shares back claims when premiums alone aren't enough. If multiple agents breach in the same epoch and bond payouts exceed the bonds' capacity, the pool covers the gap — and your share value drops proportionally.
In practice the protocol caps coverage at the bond's remaining headroom, so LP exposure is bounded per epoch. Worst case: multiple simultaneous breaches where pre-bonded coverage was less than the bond. v3 is single-epoch-at-a-time so cross-epoch contagion is not a concern.