> For the complete documentation index, see [llms.txt](https://andrecronje.gitbook.io/yearn-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://andrecronje.gitbook.io/yearn-finance/yusd.md). # yUSD yUSD is an ERC-20 token issued by Yearn that **represents shares** in the most popular vault: the yCRV Vault (listed as `curve.fi/y LP` on [vaults page](https://yearn.finance/vaults)). yUSD makes DeFi simple by automatically maximizing yield and minimizing risk for depositors. On the backend, the yCRV Vault implements modular, autonomous, yield-aware strategies. These are created and regularly updated by Yearn's community, all under the **control of Yearn governance.** ## How to Get yUSD Full visual walkthrough here: [How to Mint yUSD](/yearn-finance/how-to-guides/how-to-mint-yusd.md). *Supported wallets: Metamask, Trustwallet, Trezor, or Torus.* 1. Load your wallet with DAI, USDC, USDT, TUSD, or yCRV. 2. Go to [vaults.finance](https://vaults.finance/). 3. Connect your wallet. 4. Deposit your coins into the vault, receive yUSD. ## yUSD in Detail You may also see yUSD referred to as `yyCRV` and `yyDAI+yUSDC+yUSDT+yTUSD` – both of these names are accurate and describe yUSD's composition. yUSD accrues earnings from **three tiers** of Yearn's modular strategies: ### Tier 1: Money Markets At the base level, DAI, USDC, USDT, and TUSD are each wrapped into our 3rd generation yield-aware tokens: yDAI, yUSDC, yUSDT, and yTUSD. These tokens autonomously seek out the **highest single-asset ROI** from Aave, Compound, and dydx. ### Tier 2: Y Curve Pool At the next level up, yDAI, yUSDC, yUSDT, and yTUSD provide liquidity in the **Curve and Yearn partnership pool** (curve.fi/y). yCRV – the [LP token](https://docs.yearn.finance/defi-glossary#liquidity-providers) for this pool grows in value from fees charged on stablecoin swaps within the pool. It also generates CRV rewards which are harvested in the next tier up. ### Tier 3: Sustainable Yield At the highest level, yUSD accesses community developed yield strategies to take advantage of emergent opportunities in the DeFi space. Created by developers who are rewarded for their efforts, these strategies are assessed and voted on before being incorporated into the Yearn system. At this tier the current strategy sits on top of the lower two tiers and **harvests CRV rewards to recycle them back into yCRV**—increasing the vault's base asset and the value of yUSD. ## Resources * yUSD * CoinGecko: * yUSD Token contract: [0x5dbcF33D8c2E976c6b560249878e6F1491Bca25c](https://etherscan.io/address/0x5dbcF33D8c2E976c6b560249878e6F1491Bca25c) * Code * The vaults.finance source code on [GitHub](https://github.com/banteg/yearn-recycle) * The current strategy: [StrategyCurveYCRVVoter](https://etherscan.io/address/0xc999fb87AcA383A63D804A575396F65A55aa5aC8#code) * FAQ * --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://andrecronje.gitbook.io/yearn-finance/yusd.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.