YieldFi
About
YieldFi is an issuance, distribution, and intelligence layer for tokenized yield products that offers curated, strategy-backed vaults. It enables capital allocators (family offices, DAOs, treasuries) to access institutional-grade yield opportunities through programmable vault tokens that settle 24/7, can be used as collateral in DeFi, and provide real-time transparency via live analytics. The platform also serves curators/asset managers who can deploy capital across DeFi and centralized exchanges, and distribution partners who can embed yield products via SDK.
Where Does Yield Come From?
YieldFi vaults earn yield using various decentralized finance (DeFi) strategies run by outside risk managers (curators). The main vault, yPRISM (managed by ClearStar), invests funds into lending and fixed-yield strategies that aim to be market-neutral, using well-established protocols and keeping a cash reserve for withdrawals. Its assets are mostly in OpenEden (87.81%), with some in USDO (11.90%) and stablecoins like USDC and USDT. The yHLP vault simply copies the Hyperliquid HLP vault to earn returns from market-making. Older V2 vaults (like yUSD, vyUSD, yETH) provide additional yield strategies.
Yield builds up automatically by increasing the vault token's price. Updates to the net asset value (NAV) are gradually released over a set time (an epoch) to prevent quick trading advantages. Any management fees are deducted before NAV updates. Withdrawals follow service-level agreement queues; for example, yPRISM has a 7-day processing time after a request. Funds are held in secure multi-party computation wallets (Fordefi) and monitored around the clock by Hypernative.
YieldFi provides the platform for creating and distributing vaults, but does not run the strategies. Each vault's yield comes from its risk manager's investments in lending, fixed-yield, market-making, or other basic DeFi activities.
Audits
| Audit / Date | Findings | Verdict |
|---|---|---|
Sherlock14-01-2026 |
| The audit uncovered a critical zero-address vulnerability along with multiple high and medium severity issues, though several were reportedly resolved, indicating significant security risks were identified and addressed during the review. |
Cyfrin26-05-2025 - 27-05-2025 |
| The audit revealed only minor issues with no critical vulnerabilities, indicating a well-designed codebase; the primary low-risk fee bypass finding was acknowledged as currently irrelevant with zero fee settings. |
Cyfrin01-04-2025 - 10-04-2025 |
| The audit identified significant security flaws in CCIP integration and withdrawal flows, all of which were addressed by the YieldFi team before deployment, resulting in a substantially hardened protocol with no unresolved critical or high-risk vulnerabilities. |
Halborn22-10-2024 - 07-11-2024 |
| The audit revealed several high-risk vulnerabilities including blacklist bypass and potential fund loss, but all issues were fully addressed by the YieldFi team prior to deployment, resulting in a secure implementation. |
Cantina29-10-2024 - 05-11-2024 |
| The audit found no critical or high-risk vulnerabilities, with the single medium-severity issue and all other findings already resolved before the report publication, indicating a relatively secure codebase post-remediation. |
Legal
Registration jurisdiction
British Virgin Islands
Status and notes
Issuer is YieldFi according to Terms & Conditions. Legal documents governed by BVI law (British Virgin Islands). Terms & Conditions at https://docs.yield.fi/legal-documents/terms-and-conditions, Privacy Policy at https://docs.yield.fi/legal-documents/privacy-policy. Tokens structured as debt instruments, not equity. The Issuer operates a bankruptcy-remote segregation framework with series-limited recourse. Footer on yield.fi links to legal documents.