# YieldNest Monthly Report – ynUSDx (May 2026)

**URL:** <https://gov.yieldnest.finance/t/yieldnest-monthly-report-ynusdx-may-2026/240>\
**Category:** MAX LRT Strategies\
**Tags:** ynusdx\
**Created:** [June 19, 2026, 6:31am UTC](https://gov.yieldnest.finance/t/yieldnest-monthly-report-ynusdx-may-2026/240 "2026-06-19T06:31:16Z")\
**Posts on this page:** 2\
**Page:** 1

<div class="post-metadata">

**Author:** ![hin](https://gov.yieldnest.finance/user_avatar/gov.yieldnest.finance/hin/32/283_2.png) [@hin](https://gov.yieldnest.finance/u/hin)\
**Post date:** [June 19, 2026, 6:31am UTC](https://gov.yieldnest.finance/t/yieldnest-monthly-report-ynusdx-may-2026/240/1 "2026-06-19T06:31:16Z")

</div>

# YieldNest Monthly Report – ynUSDx (May 2026)

 ![](https://gov.yieldnest.finance/uploads/default/original/1X/d51a05ad9e1d6a37c86d0795c3e54974bb6fa9ee.jpeg)

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**Vault Asset** : ynUSDx  
**Vault Chain** : Ethereum Chain  
**Vault Type** : MAX  
**Vault Launch Date** : June 2025  
**Period Covered:** May 1 – May 31, 2026  
**Report Date:** June 1, 2026

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## 1. Executive Summary

[ynUSDx](https://app.yieldnest.finance/token/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._

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## 2. Vault Overview Report (as of June 1, 2026)

### Monthly Overview Report

- Vault TVL: $348,160.21
- APY stats from May:
  - 2026-05-24 - 2026-05-31: 17.34%
  - 2026-05-01 - 2026-05-31: 9.00%

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## 3. Strategy Breakdown (as of June 1, 2026)

| Asset / Strategy | Allocation | Protocol | Description |
| --- | --- | --- | --- |
| USDC Arbitrage | 58.47% | YieldNest | Delta Neutral Arbitrage Strategy compounding rewards in USDC. |
| USDC Lending | 37.63% | Euler | Earns rewards by lending USDC on Euler to borrow against ynRWAx. |
| USDC RWA Lending | 2.96% | Morpho | Earns rewards by lending USDC on Morpho to the YieldNest RWA market while supporting instant withdrawals for ynUSDx. |
| USDC | 0.95% | – | Freshly deposited USDC, held as idle capital and ready to be deployed into yield or arbitrage strategies. |

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## 4. Security & Risk Monitoring

Audited Completed:

- [Zokyo - Dec 2024](https://github.com/yieldnest/Publications/blob/main/audits/zokyo_audit_yieldnest_dec12th_2024.pdf)
- [Composable Security - Jan 2025](https://github.com/yieldnest/Publications/blob/main/audits/composable_security_yieldnest_jan_2025.pdf)
- [Llamarisk - Jan 2025](https://www.llamarisk.com/research/asset-risk-ynbnbx)
- [NFR Audits Feb 2025](https://github.com/yieldnest/Publications/blob/main/audits/yieldnest_max_vault_withdrawer_audit_report.pdf)

On-Chain Protections:

- ERC-4626 modular vaults
- Strategy whitelisting via Guard Engine
- Proxy upgrade system
- Bounded execution for slashing/misallocation defense

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## 5. Notable Events This Month

- ✅ [YieldNest Partners with Willow Protocol for Cryptographically Verifiable Analytics Dashboard](https://x.com/YieldNestFi/status/2066330444204040694)

## 6. Outlook & Strategy Notes

- Optimized reward collection to improve yield efficiency and auto-compounding

---

<div class="post-metadata">

**Author:** ![hin](https://gov.yieldnest.finance/user_avatar/gov.yieldnest.finance/hin/32/283_2.png) [@hin](https://gov.yieldnest.finance/u/hin)\
**Post date:** [June 19, 2026, 6:31am UTC](https://gov.yieldnest.finance/t/yieldnest-monthly-report-ynusdx-may-2026/240/2 "2026-06-19T06:31:24Z")

</div>

# YieldNest 月度报告 – ynUSDx（2026 年 5 月）

 ![](https://gov.yieldnest.finance/uploads/default/original/1X/d51a05ad9e1d6a37c86d0795c3e54974bb6fa9ee.jpeg)

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**金库资产** ：ynUSDx  
**金库部署链** ：Ethereum Chain  
**金库类型** ：MAX  
**上线日期** ：2025 年 6 月  
**报告周期** ：2026 年 5 月 1 日 – 5 月 31 日  
**发布日期** ：2026 年 6 月 1 日

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## 1. 摘要

[ynUSDx](https://app.yieldnest.finance/token/ynUSDx) 是 YieldNest 在 Ethereum Chain 上推出的 MAX 金库产品，透过原生 DeFi 策略，实现 USDC 收益的自动复利，提供流动性敞口并支持 ETH 一层链结算。

_收益将体现在 ynUSDx 相较于 USDC 的价值增长中。_

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## 2. 金库概览（截至 2026 年 6 月 1 日）

### 月度概览

- 金库总锁仓量（TVL）： $348,160.21
- 5 月 APY：
  - 2026-05-24 - 2026-05-31: 17.34%
  - 2026-05-01 - 2026-05-31: 9.00%

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## 3. 策略分布（截至 2026 年 6 月 1 日）

| 资产 / 策略 | 配置比例(%) | 协议 | 说明 |
| --- | --- | --- | --- |
| USDC 套利 | 58.47% | YieldNest | 采用 Delta Neutral（中性）套利策略，在保持 USDC 敞口的同时复利累积协议与市场激励收益。 |
| USDC 借贷 | 37.63% | Euler | 通过在 Euler 上出借 USDC 获取收益，并支持以 ynRWAx 作为抵押进行借贷。 |
| USDC RWA 借贷 | 2.96% | Morpho | 通过在 Morpho 上向 YieldNest RWA 市场出借 USDC 获取收益，同时支持 ynUSDx 的即时赎回。 |
| USDC | 0.95% | – | 新近存入的 USDC，作为待部署资金，用于后续收益或套利策略。 |

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## 4. 安全性与风险监控

**已完成审计：**

- [Zokyo – 2024 年 12 月](https://github.com/yieldnest/Publications/blob/main/audits/zokyo_audit_yieldnest_dec12th_2024.pdf)
- [Composable Security – 2025 年 1 月](https://github.com/yieldnest/Publications/blob/main/audits/composable_security_yieldnest_jan_2025.pdf)
- [Llamarisk – 2025 年 1 月](https://www.llamarisk.com/research/asset-risk-ynbnbx)
- [NFR 审计 – 2025 年 2 月](https://github.com/yieldnest/Publications/blob/main/audits/yieldnest_max_vault_withdrawer_audit_report.pdf)

**链上保护机制：**

- ERC-4626 模块化金库架构
- 策略白名单机制（通过 Guard Engine 实施）
- 可升级代理合约架构
- 有界执行逻辑，防止罚没或资金误配

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## 5. 本月重点事件

- ✅ [YieldNest 与 Willow Protocol 合作构建可加密验证的分析仪表板](https://x.com/YieldNestFi/status/2066330444204040694)

## 6. 前景展望与策略说明

- 优化奖励收集流程，以提升收益效率并实现自动复利