Profile
sYUSD profile facts
Aegis Staked YUSD (sYUSD) static profile: governance model Centralized (CeFi); backing model Crypto-Collateralized; peg YUSD-denominated NAV.
Variant relationship
Aegis Staked YUSD (sYUSD) is modeled as a savings variant of Aegis YUSD (YUSD). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- YUSD deposited into Aegis's ERC-4626 staking contract; the wrapper remains backed by YUSD while funding-rate income accrues through the rising exchange rate
- Peg mechanism
- Deposit YUSD to receive sYUSD; rewards accrue through the exchange rate. Ethereum supports a 7-day cooldown or instant YUSD redemption with a 50-basis-point fee, observed on 2026-10-01. The reviewed BSC implementation requires cooldown while enabled and has no instant-fee path. Wrapper exits return chain-local YUSD, not cash; onward primary redemption requires YUSD issuer authorization and funded collateral.
- Jurisdiction
- British Virgin Islands
- Proof of reserves
- Real-Time PoR by Accountable Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
sYUSD quick answers
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What is Aegis Staked YUSD (sYUSD)?
sYUSD is Aegis's YUSD staking wrapper; rewards accrue through its share price. Ethereum supports a 7-day cooldown or instant YUSD redemption with a fee. The static profile records its YUSD-denominated NAV accounting mechanism as: Deposit YUSD to receive sYUSD; rewards accrue through the exchange rate. Ethereum supports a 7-day cooldown or instant YUSD redemption with a 50-basis-point fee, observed on 2026-10-01.
Is sYUSD safe?
As of Oct 24, 2026, Pharos grades sYUSD C- (53/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs sYUSD?
Pharos records sYUSD's reserves as of Oct 22, 2026 as 100% YUSD staking vault shares. Reserve evidence: Real-Time PoR by Accountable. Pharos classifies the backing as Crypto-Collateralized.
Can sYUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem sYUSD?
Under the route Pharos reviewed on Apr 21, 2026, any holder can redeem sYUSD for a single stable asset, such as cash or a stablecoin. Settlement takes multiple days. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
