---
title: "Main Street Yield (msY) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/msy-main-street/"
description: "Build-time stablecoin profile for Main Street Yield (msY). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Main Street Yield (msY)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

Yield share over msUSD that accrues from Main Street's options/derivatives strategy reserve; exit requires conversion back through msUSD, carrying strategy, custody, and liquidity risk on top of base USDC redemption. msY is Main Street's {{term:yield-bearing}}yield share{{/term}} over msUSD. It accrues value from the protocol's options and derivatives strategy reserve, while final exit ultimately depends on converting back through msUSD and Main Street's USDC {{term:redemption}}redemption{{/term}} process. The token therefore carries strategy execution, exchange/{{term:custody}}custody{{/term}}, liquidity, and governance risk separate from the base msUSD row.

## Collateral

msUSD strategy vault shares backed by Main Street's delta-neutral options and derivatives strategy reserve; exchange-rate gains accrue to msY holders

## Peg Mechanism

ERC-4626-style staking token over msUSD; users stake msUSD for msY, whose exchange rate appreciates with strategy returns, while final USDC redemption inherits Main Street's primary-market caps and cooldowns

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x890a5122aa1da30fec4286de7904ff808f0bd74a` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/msy-main-street.