Algorithmic / under-collateralized stablecoin

Yearn Finance's assessment for RD-F-069 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Yearn Finance does not issue a stablecoin. yvUSD (launched January 19, 2026) is a yield-bearing ERC-4626 vault token backed 1:1 by deposited stablecoins (USDC, USDT, DAI, etc.) — a yield aggregator wrapper, not an algorithmic or under-collateralized stablecoin design. Per PD-024, RD-F-069 is lending-only and not applicable. Architectural reason: Yearn is a YIELD protocol type, not an algorithmic stablecoin issuer.

Sources #

Internal
Taxonomy Cat 4 PD-024 applicabilityresearch/outputs/03-taxonomy.md Cat 4 PD-024 resolution: RD-F-069 lending-only (algo-stablecoin design), N/A for non-lending protocolsretrieved 2026-05-16
URL
yvUSD: Inside Yearn's Zero-Fee Stablecoin Vault - DeFi PrimeyvUSD launched Jan 19, 2026: described as a zero-fee cross-chain cross-asset stablecoin vault (yield wrapper), not an algorithmic stablecoin; nine active yield strategies; fully collateralized by deposited stablecoinsretrieved 2026-05-16

Methodology #

Classify whether the protocol is an algorithmic or under-collateralized stablecoin design per curator classification.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol yearn-finance factor RD-F-069 score not_applicable collected_at 2026-05-16 08:34:32