True Yield
for Stablecoins
*Variable yield. USDY is backed by treasury reserves earned from YELLO; the rate floats and balances can go down as well as up. Not a guaranteed return.
Capital sits idle across the stablecoin economy
Billions in stablecoins sit still on Robinhood and beyond, holding value but earning nothing. Without a native yield layer, USDG, USDe and others stay parked instead of working.
How the swap works
USDY is minted 1:1 against USDG on the Robinhood chain. Deposit your USDG, receive the yield dollar, redeem back anytime. Yield is earned through YELLO and paid into the treasury; the rate is variable and can be negative.
Deposit a stablecoin
Bring USDG, USDe, USDC or any supported stablecoin. Approve the amount you want to convert.
Mint USDY 1:1
The vault holds your deposit as backing and mints an equal dollar amount of USDY to your wallet.
Earn, then redeem
USDY accrues yield while you hold it. Redeem back into any stablecoin in reserve whenever you like.
Your live yield
USDY accrues every second from treasury performance. If the treasury earns a surplus it is paid to holders; if it takes a loss, balances adjust down. This is live, not a projection graphic.
The USDY token
- Standard
- ERC-20, share-based rebasing
- Name
- USDY Yield Dollar
- Symbol
- USDY
- Decimals
- 18
- Balance
- shares × index — grows every second
- Yield
- treasury-driven; can be positive or negative
- Backing
- supported stablecoin reserves in vault
- Mint / burn
- Restricted to the USDYSwap vault contract
Contract details
Two contracts back the protocol: the USDY token and the USDYSwap vault that mints and redeems it. Addresses populate once deployed.