What is YLD? Turning Yield Into a Tokenized Asset
At a Glance:
- $STBL captures protocol fees, providing direct value back to token holders as adoption grows.
- Governance is community-driven — holders decide collateral, fees, and protocol evolution.
- Multi-Factor Staking (MFS) boosts rewards, incentivizing deeper ecosystem participation.
- $STBL aligns incentives to real protocol activity, making it a core asset of Stablecoin 2.0.
Every stablecoin user knows the truth: your money generates yield (when parked in treasuries or money market funds). But in most stablecoins, that yield is captured by issuers, not you.
YLD changes that.
When you mint USST, the stablecoin backed by tokenized treasuries, you also receive YLD. YLD represents the yield stream from the underlying assets. Instead of being siphoned off by institutions, this yield now belongs to you and the community.
Why YLD Matters?
- Yield you own: YLD holders directly capture returns from RWAs backing USST.
- Composable asset: Because YLD is tokenized, it can plug into the rest of DeFi: lending, staking, trading (for whitelisted users)
- Community-first: Fees and yield don’t disappear into corporate balance sheets. They circulate back into the ecosystem via $STBL governance.
Practical Use Cases for YLD
- Lending: Use YLD as collateral in DeFi lending markets.
- Yield Farming: Stake YLD to multiply rewards or boost Airdrop points.
- Trading: Trade or swap YLD like any other yield-bearing asset, opening new strategies. (for whitelisted users)
The Bigger Picture
YLD unlocks Stablecoin 2.0: a system where stablecoins aren’t just stable, but also yield-generating for their holders.
Guided by Avtar Sehra and the STBL team, YLD is built to make yield programmable, composable, and accessible. Whether you’re a farmer chasing APY, a DeFi builder, or simply someone holding stables, YLD is your ticket to a fairer yield economy.
Curious to see it in action?
