What is YieldFi vyBTC?

YieldFi is an asset management platform that operates on-chain and is designed for various users including treasuries and funds within the DeFi ecosystem. The platform provides Liquid Yield Bearing Tokens (LBTs) such as yUSD, yETH, yBTC, and vyUSD, vyETH, vyBTC, which aggregate yield from established DeFi protocols to offer users stable, yield-generating assets.

The platform prioritizes transparency through mechanisms such as on-chain proof of reserves, a non-custodial design, and the use of audited smart contracts. These features aim to enhance security and trust in the management of assets within the YieldFi ecosystem.