---
title: "Zephyr Yield Share (ZYS) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/zys-zephyr-protocol/"
description: "Build-time stablecoin profile for Zephyr Yield Share (ZYS). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Zephyr Yield Share (ZYS)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** Decentralized (DeFi)

**Status:** active

## Overview

NAV-style yield-share wrapper over ZSD that inherits Zephyr's private-chain and ZEPH-collateral risk through its underlying reserve dependency.

Zephyr Yield Share is the NAV-style {{term:yield-bearing}}yield-bearing{{/term}} wrapper for Zephyr's ZSD yield reserve, not the base stablecoin itself. ZYS supply, price, and APY come from Zephyr Scanner because CoinGecko and DefiLlama do not expose the wrapper as a market row. Pharos tracks it separately so yield is attributed to the actual yield-share token while base ZSD remains non-yield-bearing. The entry inherits Zephyr's private-chain and {{term:algorithmic}}algorithmic{{/term}} ZEPH-collateral risk through its ZSD reserve dependency.

## 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.

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/zys-zephyr-protocol.