pNVDA

NVDAx / USDGSelf-lending

Nvidia Volatility Pod · wraps Nvidia Stock Token

Market closed · gap premium liveNext: Q3 FY27 earnings · 08-27

The deepest RWA pod on the chain. Semis volatility, priced 24/7 against a market that shuts at four.

LVF APY

52.3%

VF APY

18.6%

Pod TVL

$14.9M

24h volume

$14.0M

24h fees

$38.9K

CBR

1.092

Borrow APR

7.8%

Realized vol

52%

Collateral backing ratio · 90 days

1.0920

+2.4% / 30d

90d ago60d30dtoday

Fee schedule

Set at deployment, immutable afterwards.

Wrap NVDAx → pNVDA0.2%

Unwrap pNVDA → NVDAx0.4%

AMM buy0.45%

AMM sell0.6%

Closed-session gap premium+0.25%

Revenue split

60% LP rewards25% pTKN burn15% protocol / partner

Pod reserve

Every pNVDA is a claim on the reserve below.

Underlying held

149,000 NVDAx

pNVDA supply

136,447

88,140 burned to date

Holders6,912

pNVDA isolated market

Isolated USDG market backing this pod. Lenders here fund the leverage above.

Supply USDG

Supplied

$8.12M

Borrowed

$7.14M

Supply APY

7.1%

Utilization

88%

Where this pod actually earns

Reference-price arbitrage

Every time NVDAx moves against the pool, someone realigns it and pays the AMM fee to do so. Higher realized volatility, more realignments.

Wrap and unwrap flow

Entering and leaving the pod is never free. Those fees stay in the pod, and a quarter of them burns pNVDA supply.

Session gaps

While NVDAx is closed the pod charges an extra 0.25% and collects a large corrective trade at the open.

Leverage demand

Borrowers pay 7.8% APR to farm this pod at up to 6×. That interest is paid to lenders and to the protocol.

Risk

LVF positions are liquidated above 83.33% LTV. Because the collateral is a full-range LP, its value falls with the square root of price, which softens but does not remove the risk.
Session gaps cut both ways. A large adverse move while NVDAx is closed can move a healthy position into liquidation before the market reopens.
Tokenized equities carry issuer and transfer-restriction risk that a purely on-chain asset does not. The pod cannot redeem what the issuer will not honour.
Pods are immutable. Fee parameters cannot be changed after deployment.

Deposit pNVDA — the protocol borrows the USDG side for you

pNVDA

Balance 840.00

Leverage3.0×

1×6× max

LP position size$0.00

Borrowed USDG$0.00

Borrow APR7.8%

Net LVF APY40.2%

Est. weekly fees$0.00

LTV66.7% / 83.33%

Health 1.25Liquidation at −36%

Gap premium is live

NVDAx is closed, so the pod charges an extra 0.25% on AMM trades. Fee income is elevated and so is stale-price risk on Monday.

Self-lending bootstraps the USDG market in the same transaction.