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The USDG Yield Vault is a Core Vault on Robinhood Chain. It accepts USDG, the stablecoin issued by Paxos, and runs a capped stablecoin carry strategy with Morpho markets underneath. Mellow is appointed to provide curation services for the vault. Users deposit and withdraw through the Mellow interface at app.mellow.finance/vaults/robinhood-usdg-yield-vault. Depositors receive rUSDG, the vault’s share token, which represents their portion of the vault. Depositors do not manage any positions themselves. The strategy’s results are reflected in the rUSDG price.

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Deposits and withdrawals

Deposits are made in USDG. Withdrawals take two steps. The depositor requests a withdrawal, then claims USDG once the request is processed. Withdrawals typically take 2–3 days.

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Security

Core Vaults have been audited by Sherlock and Nethermind, with further module and upgrade audits by Nethermind and MixBytes. The reports are listed on the Security page. A live bug bounty on Sherlock offers up to 100,000 USDC for valid findings. Vault roles and their addresses are listed on the Deployments page.

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For integrators

For contract-level integration, see the Core Vaults integration guide.

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Risks

DeFi strategies carry smart contract, market and liquidity risk, and returns are not guaranteed.