Veno Yield Bearing USDPrice

(YBUSD)

YBUSD is a yield-bearing token from Veno Finance, primarily backed by sDAI. Its value increases as the underlying sDAI grows, operating on the Cronos blockchain and bridgeable to networks like Cronos zkEVM. vUSD is a wrapper for YBUSD on Cronos zkEVM, separating the principal from the yield and pegging its value 1:1 to DAI. Yield for vUSD holders is distributed separately, typically as additional vETH tokens, offering a stable asset with passive income potential.

The yield for YBUSD primarily originates from its backing by sDAI, a yield-bearing stablecoin. sDAI generates returns from underlying income-producing assets such as short-term U.S. Treasuries, money market instruments, or diverse decentralized finance (DeFi) lending strategies. Veno Finance, acting as a liquid staking protocol, converts staked assets into these yield-bearing tokens. For vUSD, the yield is distributed separately from its 1:1 DAI peg, typically as additional vETH tokens, effectively passing on the underlying sDAI yield while maintaining stability.

Holding YBUSD or vUSD offers the significant benefit of combining stablecoin stability with passive income generation. Users retain full control over their assets. YBUSD leverages the Cronos blockchain's fast, economical transactions and aims for carbon neutrality. vUSD enables seamless bridging of this yield-earning stablecoin across different blockchain networks. More broadly, these yield-bearing stablecoins enhance capital efficiency, simplify yield accrual (as it occurs simply by holding), and improve composability within various DeFi protocols, making them versatile assets for users.

Currently, YBUSD tokens are not listed for trading on major cryptocurrency exchanges. However, vUSD can be minted directly on the Ethereum network. Users can deposit DAI, USDC, or USDT via the Cronos zkEVM Bridge to mint vUSD. If USDC or USDT are deposited, these assets are first automatically converted into DAI before the vUSD minting process is completed. This provides a direct path for users to obtain the yield-bearing vUSD token.

There are no direct fees associated with holding or transacting with YBUSD itself. However, Veno Finance does apply a commission on the yield generated through its ecosystem. Specifically, a 5% commission is taken on all yield generated and minted via vUSD. Users should consider this yield commission when calculating their net returns from holding vUSD, as it impacts the overall passive income received.

Yield-bearing stablecoins, including YBUSD and vUSD, face significant regulatory scrutiny. For example, recent regulations like the GENIUS Act in the U.S. (2025) define payment stablecoins as fully collateralized and non-yield-bearing, potentially banning interest payments on such stablecoins in the United States. This could restrict access for U.S. and EU retail users to Treasury-backed stablecoins. Users must also be aware of inherent technical risks such as smart contract vulnerabilities, potential liquidity risks, and platform-specific operational risks that could impact their holdings.