ayUSD
LIVEA single liquid dollar asset that earns wherever the market is paying — funding arbitrage, liquidity provision, delta-neutral basis, and cross-venue arbitrage. Hold ayUSD; AlphaYields handles the rest.
What is ayUSD?
ayUSD is a yield-bearing stablecoin strategy. Deposit dollars, receive ayUSD, and the token accrues value as the strategies behind it earn. Behind it is a mix of dollar strategies — funding arbitrage, liquidity provision, delta-neutral basis, cross-venue arbitrage — rotated as conditions change, and mostly run in-house. The token itself stays a liquid, composable building block you can hold, lend, LP, or use as collateral without ever unwinding your yield.
Deposit. Hold. Earn.
Where the yield comes from.
Capital rotates into whatever the market is paying. The bulk is run and monitored in-house; a limited sleeve sits with vetted third-party venues. Every source is scored and capped by allocation policy.
Long spot against short perpetuals wherever funding is richest, capturing the premium paid by persistent long demand. Fully hedged, sized to venue depth, and unwound the moment funding turns.
Fully On-Chain
Every deposit, yield accrual, rebalance, and withdrawal is recorded on-chain and verifiable by anyone. No off-chain oracles. No admin keys. No black boxes.
All figures verifiable on-chain. No token emissions. No synthetic mechanisms.
Risks, stated plainly.
No yield is risk-free. Here is what ayUSD is exposed to and how it's bounded.
Full risk frameworkStrategy concentration. Allocations are capped per venue and per strategy; no single source exceeds 30%.
Stablecoin depeg. Underlying stables are limited to the highest-scored, fully-reserved assets.
Smart contract. All contracts audited; see the Trust Center for reports.
Questions, answered.
ayUSD is a yield-bearing dollar asset. Its value accrues over time rather than rebasing to exactly $1, similar to sDAI or sUSDe.
Other ayTOKENs.
One standard, multiple denominations. Pick the exposure that fits your mandate.