> For the complete documentation index, see [llms.txt](https://onex-3.gitbook.io/onex-document/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://onex-3.gitbook.io/onex-document/swap/portfolio-yield.md).

# Portfolio yield

## 36. Auto Yield Optimization Vaults — Accurate Risk Labels

AI-managed vaults accept deposits and autonomously maximize returns within user-defined risk parameters. All yield rates shown are **7-day averages alongside 30-day averages and 90-day min/max ranges** — never a single static APY figure.

| Strategy         | Chain    | Risk Rating    | Risk Explanation                                                                                                                          |
| ---------------- | -------- | -------------- | ----------------------------------------------------------------------------------------------------------------------------------------- |
| Aave USDC Supply | Ethereum | 🟢 LOW         | Overcollateralized lending. Smart contract risk only.                                                                                     |
| Curve 3Pool LP   | Ethereum | 🟢 LOW         | Stablecoin-only pool. Smart contract + depeg risk.                                                                                        |
| ONEx USDC/ETH LP | Arbitrum | 🟡 MEDIUM      | Impermanent loss risk from ETH price movements.                                                                                           |
| Pendle PT-USDC   | Ethereum | 🟡 LOW-MEDIUM  | Fixed yield, principal protected at expiry. Protocol risk.                                                                                |
| Ethena sUSDe     | Ethereum | 🟠 MEDIUM-HIGH | Yield is funding rate dependent — can approach 0% or go negative in bear markets. Peg stress risk.                                        |
| GMX GLP          | Arbitrum | 🔴 HIGH        | LP acts as COUNTERPARTY to perpetual traders. APY is variable and can be significantly negative. Not suitable as a stable yield strategy. |

***

## 37. Sovereign Yield Tranching

ONEx introduces yield tranching — splitting protocol yield into risk tiers so conservative and aggressive users can participate in the same liquidity pool according to their own risk preference.

| Tranche               | Risk / Return Profile                                                                                                                | Priority                  |
| --------------------- | ------------------------------------------------------------------------------------------------------------------------------------ | ------------------------- |
| **Senior Tranche**    | First to be paid from protocol yield. Lowest yield, highest certainty. Absorbs no losses until junior and mezzanine are exhausted.   | Paid First                |
| **Mezzanine Tranche** | Moderate yield. Absorbs losses after junior tranche is exhausted. Buffer between senior and risk.                                    | Paid Second               |
| **Junior Tranche**    | Highest potential yield. First to absorb losses. Suitable only for high risk tolerance users who understand they may lose principal. | Paid Last / Absorbs First |

***

## 38–43. Additional Portfolio Features

| Feature                             | Specification                                                                                                                                                                                                                |
| ----------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Cross-Protocol Yield Comparison** | Compares yield across Aave, Curve, Compound, ONEx, and 20+ protocols. Risk scores calculated using independent methodology — conflict of interest with ONEx-native vaults disclosed.                                         |
| **Multi-Asset Rebalancing**         | Five modes: Threshold, Time-Based, AI Dynamic, Cost-Minimized (launch), Tax-Aware (V2). All rebalancing above $10,000 requires user approval.                                                                                |
| **Tax Impact Estimator**            | Estimated tax impact based on holding period and jurisdiction. **MANDATORY DISCLAIMER: This is an estimate only. Not tax advice. Consult a qualified tax professional.**                                                     |
| **Programmable Trading Automation** | No-code visual builder for DCA, stop-loss, rebalancing, take-profit triggers. Executed via Gelato keeper network. Each automation has maximum execution count — infinite loops impossible.                                   |
| **Strategy Mirroring**              | Mirror on-chain trading strategies of verified wallets with 6+ month track records. User controls mirror proportion. **LEGAL DISCLAIMER: Not investment advice. Past on-chain performance does not predict future results.** |
| **Social Trading Intelligence Hub** | On-chain smart money flow tracking. Hive Mind signals are informational only. **IMPORTANT: Social signals are frequently targets of manipulation. Never connect to automated execution.**                                    |