Profile
ZYS profile facts
Zephyr Yield Share (ZYS) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg ZSD-denominated NAV.
Variant relationship
Zephyr Yield Share (ZYS) is modeled as a savings variant of Zephyr Stable Dollar (ZSD). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
- Collateral
- ZSD held in the Zephyr Protocol yield reserve; each ZYS share represents a claim on the protocol's ZSD yield reserve balance
- Peg mechanism
- ZYS is a NAV-style yield-share token rather than a flat one-dollar stablecoin. Its share price moves against ZSD as protocol yield accrues into the ZSD yield reserve.
- Jurisdiction
- Not disclosed in the static profile.
- Proof of reserves
- Self-Reported PoR by Zephyr Scanner Reserve source
- Contracts
- No contract deployments are listed 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.
ZYS quick answers
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What is Zephyr Yield Share (ZYS)?
ZYS is Zephyr Protocol's yield-share wrapper over ZSD, with its NAV moving as protocol yield accrues into the underlying ZSD yield reserve. The static profile records its ZSD-denominated NAV accounting mechanism as: ZYS is a NAV-style yield-share token rather than a flat one-dollar stablecoin. Its share price moves against ZSD as protocol yield accrues into the ZSD yield reserve.
Is ZYS safe?
As of Nov 8, 2026, Pharos grades ZYS 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 ZYS?
Pharos records ZYS's reserves as of Oct 17, 2026 as 100% ZSD yield reserve backing ZYS shares. Reserve evidence: Self-Reported PoR by Zephyr Scanner. Pharos classifies the backing as Crypto-Collateralized.
Can ZYS 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 ZYS?
Under the route Pharos reviewed on Aug 12, 2026, any holder can redeem ZYS for ZSD. Redemption settles atomically on-chain. The reviewed redemption fee is 0.1%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
