Kerne Honesty Index

YieldFi yUSD

In recovery . ethereum . 0x19ebd191f7a24ece672ba13a302212b5ef7f35cb

What this vault advertises, against what it actually paid, measured from its own share price on chain over a 30 day window. Everything below is recomputed hourly and every figure on this page comes from the snapshot named at the bottom. Nothing here is typed by hand.

this protocol advertises no yield figure.

What YieldFi published.

YieldFi publishes no yield figure we can record for yUSD on a first-party surface, so this row carries a realized reading and no comparison. That is a description of what is published, not an accusation.

Context for this row.

Paused and publishing no yield figure. YieldFi's own site carries a notice at the top of the page stating that mint and redeem operations for yUSD are paused until it seeks remediation from a named counterparty under a contractual agreement, and its APY widget renders no loaded figure. The share price has not moved for months and over the trailing year it FELL rather than rose, which is unusual on this board and is the reason this row was held back when the vault was first measured on 2026-07-29: a decline has a cause, and we said at the time that we would not publish the number until the cause could be stated. It now can be, from the issuer's own surface, so the row is here. Read it as a paused protocol rather than as a verdict. A vault that stops accruing while its operator says publicly that it is pausing and seeking remediation is disclosing, which is more than a silent one does. The dollar itself traded within a fraction of a cent of par when this row was added, so the fall is in the vault's share price rather than in the peg of the asset it is denominated in.

This page measures one axis and one only: advertised yield against realized yield. It is not a rating, not an audit, and it says nothing about whether YieldFi is safe or whether its reserves are what it says they are. A protocol in an announced wind down paying nothing is behaving correctly. The reserve axis is a different page, at the reserve transparency scorecard.

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