Profile
yvUSDC-1 profile facts
Yearn v3 USDC Vault (yvUSDC-1) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDC-denominated NAV.
Variant relationship
Yearn v3 USDC Vault (yvUSDC-1) 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.
- Collateral
- USDC allocated through the Yearn v3 strategy allocator. At Ethereum block 26155393 on October 9, 2026, four funded strategies reconciled exactly to totalDebt: USDC to USDS Depositor, USDC to sUSDS Lender, Yearn USDC, and the off-default-queue stcUSD/USDC Pawn Broker Market. Spark USDC Lender had zero recorded debt.
- Peg mechanism
- ERC-4626 Yearn v3 vault shares accrue value against USDC as the underlying strategies generate yield; redemptions return USDC subject to the v3 queue and strategy liquidity
- 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.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
yvUSDC-1 quick answers
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What is Yearn v3 USDC Vault (yvUSDC-1)?
yvUSDC-1 is a Yearn v3 ERC-4626 vault share backed by USDC allocated through yield strategies. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 Yearn v3 vault shares accrue value against USDC as the underlying strategies generate yield; redemptions return USDC subject to the v3 queue and strategy liquidity.
Is yvUSDC-1 safe?
As of Nov 8, 2026, Pharos grades yvUSDC-1 B (71/100) 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 grade is in the Score's upper band, which does not rule out losses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs yvUSDC-1?
Pharos records yvUSDC-1's reserves as of Oct 22, 2026 as 99.8% USDC routed through Yearn v3 strategy allocator and 0.2% Yearn v3 USDC Vault idle underlying. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can yvUSDC-1 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 yvUSDC-1?
Under the route Pharos reviewed on May 12, 2026, any holder can redeem yvUSDC-1 for a single stable asset, such as cash or a stablecoin. Redemption settles atomically on-chain. 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.
