Risk-Adjusted Returns

Pi Protocol offers a range of yield options tied directly to the type of RWA collateral a user selects. Each vault has its own expected return, adjusted for the risk of the underlying asset.
Here’s how returns vary:

• T-Bills Vault:
  Very low credit risk (U.S. government debt). Expected APY: 4–5%

• IIA Vault:
  Medium risk, short duration (insurance premium receivables). Expected APY: 8–10%

• Private Credit Vault:
  Higher yield, higher risk. Carefully underwritten loans or structured products. Expected APY: 10–12%

Users can choose vaults that match their risk appetite. Conservative users may prefer T-Bill vaults. Those seeking higher returns may choose IIA or private credit vaults. The protocol is designed to support multiple user profiles while ensuring that all assets are properly overcollateralized and monitored.
Returns are automatically paid out to the USI holders in real-time or on a regular schedule, depending on the underlying asset’s structure.