YieldNest Monthly Report – ynUSDx (April 2026)
Vault Asset: ynUSDx
Vault Chain: Ethereum Chain
Vault Type: MAX
Vault Launch Date: June 2025
Period Covered: April 1 – April 30, 2026
Report Date: May 1, 2026
1. Executive Summary
ynUSDx is YieldNest’s MAX product deployed on Ethereum Chain. It auto-compounds USD yield through DeFi-native strategies, offering liquid exposure and ETH L1 settlement.
Return accrues as the value of ynUSDx increases relative to USDC.
2. Vault Overview Report (as of May 1, 2026)
Monthly Overview Report
- Vault TVL: $921,998.97
- APY stats from April:
- 2026-04-23 - 2026-04-30: 7.73%
- 2026-04-01 - 2026-04-30: 4.99%
3. Strategy Breakdown (as of May 1, 2026)
| Asset / Strategy | Allocation | Protocol | Description |
|---|---|---|---|
| USDC Lending | 58.97% | Euler | Earns rewards by lending USDC on Euler to borrow against ynRWAx. |
| USDC | 21.55% | – | Freshly deposited USDC, held as idle capital and ready to be deployed into yield or arbitrage strategies. |
| USDC Arbitrage | 11.11% | YieldNest | Delta Neutral Arbitrage Strategy compounding rewards in USDC. |
| USDC RWA Lending | 8.37% | Morpho | Earns rewards by lending USDC on Morpho to the YieldNest RWA market while supporting instant withdrawals for ynUSDx. |
4. Security & Risk Monitoring
Audited Completed:
On-Chain Protections:
- ERC-4626 modular vaults
- Strategy whitelisting via Guard Engine
- Proxy upgrade system
- Bounded execution for slashing/misallocation defense
5. Notable Events This Month
6. Outlook & Strategy Notes
- Optimized reward collection to improve yield efficiency and auto-compounding