In May we shipped a stack of platform updates aimed at transparency and control — and our strategies operated through a noticeably softer market than April, with Bitcoin pulling back from $80K mid-month to around $73K and the deepest ETF outflows of the year. Here's both: what changed inside the product, and how each strategy navigated the conditions.
What's new on the platform
See the AML check behind every transaction
Every transaction on EarnPark goes through an AML check — that's part of how we keep the platform safe for everyone.
We think you deserve to see that process, not just trust that it's happening. So now you can.
Open any deposit or withdrawal in the transaction history and you'll see a new risk score block: a 0–100 indicator, the risk level (Low, Medium, High, or Severe), and a short explanation of what it means. The AML report in PDF is one click away.
Proof of Reserves now shows history
On our Proof of Reserves page, a new History of Changes table lists every snapshot we've published — not just the latest. Filter by the timeline, expand any row for the category breakdown, and watch how total user liabilities, total reserves, and the reserve ratio shifted month over month.
Transaction time estimates got recalibrated
We updated the expected wait times shown on deposits and withdrawals. Most networks got noticeably faster — in some cases by more than half — so the number you see in the dashboard now reflects how quickly funds actually move on-chain today.
New assets: PAXG, EURC
PAXG (gold-backed) and EURC (regulated euro stablecoin) are now available for deposit, and Maker Core strategies with up to 5% APY are coming next — subscribe to get notified when they open.
Subscribe to EURC & PAXG strategies →
More control over what you see
- Show / hide inactive strategies — a toggle to control whether paused options appear in your list. Up to you.
- Email notifications — a new settings panel lets you choose exactly which emails you want and which you don't.
- Longer sessions on trusted devices — a new "keep me signed in" modal lets you opt into a 30-day session. Sign in once, stay signed in. The shorter default is still there if you prefer it.
- Additional deposit addresses — generate a fresh address for a specific transfer when you need it, useful for tagging, accounting, or keeping flows separate.
Strategy performance — May 2026
Crypto market in May
After April's rally, May ran the other way. Bitcoin opened near $76K, touched $80K mid-month, and closed around $73K. U.S. spot Bitcoin ETFs flipped from April's record inflows to ~$2.43B in net outflows — the deepest monthly outflow of 2026 so far. For our strategies the regime mattered more than the price move itself: a tighter, mean-reverting first half supported fee-capture strategies, while the directional drift into month-end weighed on anything carrying spot exposure. A full macro deep-dive will be published in our advisor's digest next week.
Liquidity Providing Strategies Snapshot
Risk: Low – Medium
Maker Core Strategies Snapshot
Risk: Low – Medium
USDT DeFi Strategy Snapshot
Risk: Medium
ETH DeFi Strategy Snapshot
Risk: Medium
Perp Strategies Snapshot
Risk: High
Leader: Perp ETH — +2.6%
The ETH-denominated vault was the strongest in the Perp Vault stack this month. Two-sided market activity in the first half of May produced the kind of stop-and-liquidate flow the pool needs — traders opened positions in both directions and got whipsawed out, generating fee income on each leg. And because returns are denominated in ETH itself rather than in dollars, the late-month pullback in spot prices didn't translate into the same drag that hit the USDT-paired pools.
Underperformer: Perp USDT/ETH — −13.6%
The USDT/ETH pool automatically rebalances as the price moves — when ETH drops, it gradually buys more ETH with stablecoins, averaging the position. That's why the pool's drawdown came out roughly half the decline of ETH itself (~24.7%) — the pool acts as a natural cost averager.
The same mechanism works in the other direction: when ETH rises, the pool sells into stablecoins, locking in gains. The dollar value of the position grows with the market, and on top of that, trader fees accrue continuously regardless of market direction.
The current drawdown reflects the price of ETH, not the performance of the pool. When ETH recovers, the position recovers in full — and the accumulated fees make the outcome even better.
Takeaways from May
May highlighted a useful distinction inside the Perp stack. The USDT-paired pools (USDT/ETH, USDT/BTC) hold a combination of stablecoins and the underlying asset, and their monthly returns track that asset closely, with some smoothing from automated rebalancing. In April they captured the BTC recovery; in May they absorbed the ETH drawdown. The asset-denominated vaults (SOL, BTC, ETH and others) work differently — they tend to generate yield best on price declines paired with steady volatility, when leveraged traders get stopped out and the pool collects on the other side. Two different mechanics, two different regimes, one combined month.
Building a resilient portfolio
May reminded us that monthly outcomes diverge based on the structure of price movement, not just its direction. Stable-yield strategies stayed within their corridors. Perp strategies produced a wide spread. We continue to think the most useful framing is to view strategies in the context of one another rather than in isolation: each one responds to a specific market regime, and the combination is what carries performance through different conditions.
For the detailed mechanics of any strategy, the Portfolio page is the best place to start.