Profile
YUSD profile facts
YieldFi yUSD (YUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDC-denominated NAV.
Variant relationship
YieldFi yUSD (YUSD) is modeled as a strategy vault variant of USD Coin (USDC). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
Other coins using the YUSD ticker
- Aegis YUSD (YUSD) · Active · US Dollar. Aegis YUSD is a synthetic dollar backed by BTC in institutional custody and hedged with equal short COIN-M perpetuals.
- Collateral
- USDC deposited into the yUSD ERC-4626 vault and allocated by YieldFi's manager across Pendle principal tokens, Morpho and Silo lending vaults, private-credit positions, and market-neutral/delta-neutral strategies (private LP deals, hedged carry, basis, and funding-rate spreads across whitelisted protocols)
- Peg mechanism
- ERC-4626 share over USDC priced at NAV ((Series Assets - Series Liabilities) / tokens outstanding), valued at least twice weekly using Chainlink oracles; value tracks the dollar through delta-neutral strategy returns rather than direct redemption against fiat reserves
- Jurisdiction
- British Virgin Islands
- Proof of reserves
- No proof-of-reserves entry in the static profile.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
YUSD quick answers
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What is YieldFi yUSD (YUSD)?
YieldFi yUSD is an ERC-4626 vault over USDC, allocating across Pendle PTs, Morpho and Silo vaults, and private-credit strategies for yield over the dollar. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 share over USDC priced at NAV ((Series Assets - Series Liabilities) / tokens outstanding), valued at least twice weekly using Chainlink oracles; value tracks the dollar through delta-neutral strategy returns rather than direct redemption against fiat reserves.
Is YUSD safe?
As of Oct 24, 2026, Pharos grades YUSD C- (51/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and its reviewed redemption route is suspended. 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 YUSD?
Pharos records YUSD's reserves as of Sep 21, 2026 as 100% YieldFi yUSD deployed strategy positions. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can YUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem YUSD?
Under the route Pharos reviewed on Oct 2, 2026, any holder can redeem YUSD for a single stable asset, such as cash or a stablecoin. Pharos records this route as suspended. Requests go through a redemption queue. 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.
