yUSD is an ERC-20 token issued by Yearn Land that represents shares in our most popular vault: the yCRV Vault (listed as
curve.fi/y LP on our vaults page).
By automatically optimizing the yield and minimizing risk for our depositors, yUSD makes DeFi quick. The yCRV Vault is implementing scalable, autonomous, yield conscious techniques on the backend. These are produced by the best minds in DeFi, all under the supervision of Yearn Land yGovernance, and are periodically updated.
Supported wallets: Metamask, Trustwallet, Trezor, or Torus.
Load your wallet with DAI, USDC, USDT, TUSD, or yCRV
Connect your wallet
Deposit your coins into the vault, receive yUSD
You may also see yUSD referred to as
yyDAI+yUSDC+yUSDT+yTUSD—both of these names are accurate and describe yUSD's composition.
yUSD accrues earnings from three tiers of Yearn Land modular strategies:
At the base stage, DAI, USDC, USDT, and TUSD are each wrapped in our yield-aware tokens of 3rd generation: yDAI, yUSDC, yUSDT, and yTUSD. These tokens autonomously scan Aave, Compound, and dydx for the highest single-asset ROI.
In the Curve and Yearn Land pool, yDAI, yUSDC, yUSDT, and yTUSD have liquidity at the next step up (curve.finance/y). The LP token for this pool, yCRV, grows in value from fees paid inside the pool on stablecoin swaps. It also produces CRV incentives (soon-to-be-boosted), which are extracted in the next tier up.
At the highest stage, yUSD accesses yield strategies built by the group to exploit emerging opportunities in the DeFi room. These strategies build on top of the lower legos and autonomously work to make high yield earnings safe and easy. These techniques are tested and voted on by developers who are praised for their efforts, before being implemented into the Yearn Land scheme.
The new strategy at this level sits on top of the lower two levels and receives CRV incentives to recycle them back into yCRV, increasing the base asset of the vault and the value of yUSD.
Instead of stablecoins languishing in your pocket, keeping yUSD automatically gives you the best risk-adjusted yield without having to do anything at all. Not only does your yUSD gain the best yield available on lending platforms, it also accrues trading fees from users who turn on Curve from one stablecoin to another, and benefits from automatic collection of rewards.
It's Collaboration for growth!