Yearn v3 USDC Vault (yvUSDC-1) stablecoin analytics
Answer First
What is Yearn v3 USDC Vault (yvUSDC-1)?
yvUSDC-1 is a Yearn v3 ERC-4626 vault share backed by USDC allocated through yield strategies. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 Yearn v3 vault shares accrue value against USDC as the underlying strategies generate yield; redemptions return USDC subject to the v3 queue and strategy liquidity
Is yvUSDC-1 safe?
yvUSDC-1 holds a B+ Safety Score grade (78/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Yearn v3 USDC Vault uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Yearn v3 USDC Vault (yvUSDC-1) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg USDC-denominated NAV.
Variant Relationship
Yearn v3 USDC Vault (yvUSDC-1) is modeled as a strategy vault variant of USD Coin (USDC). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Sep 7, 2026
yvUSDC-1 is the canonical Yearn v3 USDC vault: an ERC-4626 share token whose price appreciates as Yearn's allocator rotates capital across governance-whitelisted strategies. The whitelist is broader than the book. Funded allocation has narrowed onto the Sky ecosystem with the Morpho leg revoked, so diversification here is a governance option rather than a present fact.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- USDC allocated through the Yearn v3 strategy allocator; at Ethereum block 26095933 on October 1, 2026, funded default-queue strategies were USDC to USDS Depositor, USDC to sUSDS Lender, and Yearn USDC. Spark USDC Lender remained in the default queue with zero recorded debt.
- Peg Mechanism
- ERC-4626 Yearn v3 vault shares accrue value against USDC as the underlying strategies generate yield; redemptions return USDC subject to the v3 queue and strategy liquidity
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- 1 deployment tracked across Ethereum.
Next Actions
Exact bot target: /subscribe dews,depeg,safety yvusdc-yearn
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
yvUSDC-1 quick answers
What is Yearn v3 USDC Vault (yvUSDC-1)?
yvUSDC-1 is a Yearn v3 ERC-4626 vault share backed by USDC allocated through yield strategies. The static profile records its USDC-denominated NAV accounting mechanism as: ERC-4626 Yearn v3 vault shares accrue value against USDC as the underlying strategies generate yield; redemptions return USDC subject to the v3 queue and strategy liquidity
Is yvUSDC-1 safe?
yvUSDC-1 holds a B+ Safety Score grade (78/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says Yearn v3 USDC Vault uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs yvUSDC-1?
Pharos classifies yvUSDC-1 backing as Crypto-Collateralized. Collateral, per the static profile: USDC allocated through the Yearn v3 strategy allocator; at Ethereum block 26095933 on October 1, 2026, funded default-queue strategies were USDC to USDS Depositor, USDC to sUSDS Lender, and Yearn USDC. Reserve evidence: live reserve feed configured.
Can yvUSDC-1 be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for yvUSDC-1, when applicable, appear in the dossier below.
