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ayUSD

ayUSD is AlphaYields' flagship stablecoin yield product — a vault of vaults that discovers, evaluates, and allocates capital across the best verified stablecoin yield strategies in DeFi. One token. Diversified across multiple protocols, chains, and strategy types. All yield is verifiable onchain.

Key terms

Token typeYield-bearing liquid strategy token (ERC-20)
Deposit assetUSDC (cross-chain via LayerZero)
Target APYVariable — see live dashboard
Performance feeNone at launch
Management feeNone
Minimum depositNone — open to all
Execution layerMORE Vaults (fully onchain, non-custodial)

How ayUSD works

ayUSD is a meta-allocation layer. Rather than running a single strategy, it continuously evaluates and allocates across a curated set of verified stablecoin yield strategies — lending spreads, options premiums, funding rate arbitrage, and curated lending vaults. Yield accrues as share price appreciation. There is no rebasing, no emissions.

Vault universe

Each protocol below has passed AlphaYields' full verification process — audit coverage, yield verifiability, incentive independence, withdrawal mechanics, and platform trust review.

Curve LlamaLendArbitrum

Supply-side lending on Curve's LLAMMA infrastructure. Yield from borrower interest — real economic activity, not emissions. Audited by MixBytes. ERC-4626 with auto-compounding; soft-liquidation reduces cascade risk.

Morpho VaultsEthereum + Base

Curated lending vaults on Morpho's meta-lending infrastructure. Core contracts audited by Spearbit, ChainSecurity, Zellic, and Cantina, with formal verification. Immutable — curators cannot withdraw depositor funds. Denominated in USDS and USDC.

Lagoon DeltaUSDEthereum

Delta-neutral funding rate arbitrage between SMARDEX perpetuals and Hyperliquid. Yield from funding rate differentials — a well-established strategy with institutional precedent. Lagoon infrastructure audited by Nethermind (ERC-7540 compliant).

Veda / Derive — ETH Strategy NoteEthereum

USD-denominated yield from ETH volatility via covered call writing on Derive. Built on Veda infrastructure, which powers ether.fi's $4.3B+ TVL ecosystem. Yield from option premiums, not directional ETH exposure.

The live allocation breakdown — vault names, protocols, chains, current APY per vault, and portfolio weights — is available in real time at app.alphayields.ai. The dashboard is always the authoritative source.

Risk management

Drawdown-based exits

Each vault carries a maximum drawdown threshold of 2%. An alert fires on significant share price movement; the position exits if breached.

Diversification rules

Concentration limits cap single-vault exposure and tighten as the portfolio expands — across chains, strategy types, and denominations.

Onchain verification

All risk and performance metrics are recomputed directly from blockchain data. Aggregator figures are discarded when they diverge.

Security scanning

Withdrawal mechanics, timelocks, admin permissions, and platform trust are reviewed before and monitored during allocation.

Depositing & withdrawing

Deposit
  1. 1Connect your wallet at app.alphayields.ai
  2. 2Select ayUSD and enter your amount in USDC
  3. 3Confirm — you receive ayUSD at the current share price
  4. 4Yield accrues continuously as share price appreciation

Cross-chain deposits route automatically via LayerZero — no manual bridging.

Withdraw
  1. 1Navigate to ayUSD and select Withdraw
  2. 2Enter the number of ayUSD shares to redeem
  3. 3Confirm — you receive USDC at the current share price

Withdrawals are processed in shares; share price at withdrawal determines the USDC received.

Next — ayFLOW →