Paypal USD Main (senPYUSDmain) stablecoin analytics
Answer first
What is Paypal USD Main (senPYUSDmain)?
senPYUSDmain is Sentora's PYUSD Morpho Vault V2 share; yield and losses change NAV, and cash redemption depends on idle PYUSD. The static profile records its PYUSD-denominated NAV accounting mechanism as: ERC-4626 deposit/mint and withdraw/redeem exchange shares for PYUSD at the current asset conversion rate.
Is senPYUSDmain safe?
Pharos does not assess senPYUSDmain as safe: it holds a D Safety Score grade (43/100) in the latest published rating, which flags significant structural risk. Static metadata says Paypal USD Main uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static profile
Static stablecoin profile
Paypal USD Main (senPYUSDmain) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg PYUSD-denominated NAV.
Variant relationship
Paypal USD Main (senPYUSDmain) is modeled as a strategy vault variant of PayPal USD (PYUSD). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Oct 2, 2026
Paypal USD Main is an ERC-4626 share in a Sentora-curated Morpho Vault V2 denominated in PYUSD. Deposited stablecoins are supplied to collateralized lending markets, so borrower defaults, liquidation conditions and curator allocation choices can affect the share value. Interest accrues through NAV, while fee shares and realized losses can reduce the value retained by holders. Owner and curator each use a 1-of-1 Safe with a sole EOA signer, and the reviewed fee and cash-redemption-gate changes have no time delay.
- Collateral
- PYUSD lending positions against cbBTC, WBTC, LBTC, syrupUSDC, wstETH, weETH, sUSDe, kBTC. Allocations change under curator controls; borrower collateral is distinct from the underlying deposited token.
- Peg mechanism
- ERC-4626 deposit/mint and withdraw/redeem exchange shares for PYUSD at the current asset conversion rate. Lending interest, fees and realized losses change NAV. liquidityAdapter() is zero at the pinned review; ordinary cash redemptions use idle assets unless assets are first deallocated. Shared market liquidity and an in-kind position exit do not promise full-size cash redemption.
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Next actions
Exact bot target: /subscribe dews,depeg,safety senpyusdmain-sentora
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Oct 2, 2026.
senPYUSDmain quick answers
4
What is Paypal USD Main (senPYUSDmain)?
senPYUSDmain is Sentora's PYUSD Morpho Vault V2 share; yield and losses change NAV, and cash redemption depends on idle PYUSD. The static profile records its PYUSD-denominated NAV accounting mechanism as: ERC-4626 deposit/mint and withdraw/redeem exchange shares for PYUSD at the current asset conversion rate.
Is senPYUSDmain safe?
Pharos does not assess senPYUSDmain as safe: it holds a D Safety Score grade (43/100) in the latest published rating, which flags significant structural risk. Static metadata says Paypal USD Main uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs senPYUSDmain?
Pharos classifies senPYUSDmain backing as Crypto-Collateralized. Collateral, per the static profile: PYUSD lending positions against cbBTC, WBTC, LBTC, syrupUSDC, wstETH, weETH, sUSDe, kBTC. Allocations change under curator controls; borrower collateral is distinct from the underlying deposited token. Reserve evidence: live reserve feed configured.
Can senPYUSDmain be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for senPYUSDmain, when applicable, appear in the dossier below.
