Underlying asset
yzUSD
Issued by Yuzu. The facts below were checked on the date shown, from the sources listed.
yzUSD is issued by Yuzu. What stands behind it: a vault allocating to other venues. It is a senior tranche on its issuer's shared pool: losses reach it only after the junior tranche is gone. Only approved holders can redeem it; others leave by selling. Part of its yield on Pendle is a campaign of incentives, not the asset's own earnings.
Facts
- Issuer
- Yuzu
- What stands behind it
- a vault allocating to other venues
- Strategy
- a curated allocation across real-world assets and DeFi vaults, rebalanced to a published risk framework
- Valued in
- USD
- Position in the capital stack
- senior tranche
- Who has to keep a promise
- a manager off chain, code on chain
- Redemption
- redeemed only by approved holders
- Who can change it
- a timelock · 48 h delay · the admin role · the same timelock governs syzUSD 0x2130457539612ae9838e0314cda1a8abbdb7cfbc (Plasma)
- Audits
- Pashov, 2026-07
Dedaub, 2026-02
Pashov, 2026-01
Dedaub, 2025-10
Pashov, 2025-08 - Bug bounty
- not found in a source that meets the standard
- Depends on
- none recorded
Other assets from the same issuer: syzUSD - Chains
- Plasma
- Checked
- 2026-10-01, from the issuer's own documents
- Sources
- https://yuzu-money.gitbook.io/yuzu-money/yuzu-alpha/staked-yzusd-syzusd
https://yuzu-money.gitbook.io/yuzu-money/yuzu-alpha/yuzu-stablecoin-yzusd
https://yuzu-money.gitbook.io/yuzu-money/yuzu-alpha/yuzu-protection-pool-yzpp/yzpp-first-loss-mechanism
Pendle markets on it
Live Pendle markets on this asset, as of 6 Oct 2026. Rates are not shown. Market data: Pendle.
| Chain | Maturity | Principal token |
|---|---|---|
| Plasma | 2026-10-29 | PT-yzUSD-29OCT2026 |
Not found
What the research has not answered for this asset, said rather than left blank.
- A public bug bounty programme.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.