# FAQs

#### What is YieldFi?

YieldFi is the **issuance**, **distribution**, and **intelligence layer** for tokenized yield vaults—so curators can launch products, partners can distribute them, and allocators can track risk and performance in real time.

#### Who is YieldFi for?

YieldFi is built for four types of users:

**Capital Allocators** → transparent, one-click yield exposure with clear redemption terms\
**Curators / Asset Managers** → grow AUM without building issuance + distribution + reporting infra\
**Builders / Distribution Partners** → wallets, exchanges, custodians, fintechs, banks, wealth tech companies, LP Networks etc offering “Earn” products on their platforms\
**Portfolio Managers** → funds, risk teams, treasury teams, analysts, CFO functions analysing and monitoring their performance 24/7

#### What problem does YieldFi solve?

Yield opportunities across crypto and traditional markets are fragmented, opaque, and difficult to access. YieldFi makes yield:

* **Accessible** through tokenized vaults
* **Distributable** via SDK and partners
* **Measurable** with standardized NAV, APY, and risk analytics

#### What types of vaults exist?

YieldFi offers vaults across the below risk ladder:

* **Treasury** / T-bills for corporate treasury / DAOs
* Blue-chip DeFi **lending** for corporate treasury / DAOs / Family Offices, fintechs etc
* **Fixed-income** style bands for Family Offices, liquid funds, fintechs
* **Market-neutral** strategies for family offices, LPs, fintechs
* **Directional** / higher risk trading strategy vaults for family offices, LPs

#### Where does the yield come from?

Yield depends on the vault and may include:

* Treasury / cash-equivalent yield (rate-driven)
* DeFi lending (borrow demand-driven)
* Market-neutral strategies (funding, basis, arbitrage, private deals, private credit)

Each vault’s transparency page shows the sources, venues, and drivers of APY.

#### Is APY real or does it include points and incentives?

Displayed APY reflects realized, mark-to-market yield, net of basis only. Unrealized incentives (points, airdrops, emissions) are not included in the APY and are additive if they materialize.

#### What fees do I pay?

Displayed APY is always net of Fees. Fees are vault-specific and fully disclosed on the vault fact sheet. A vault may charge:

* Management and/or Performance fee
* Deposit or Withdrawal fee

To see the exact fee stack, visit the vault specific factsheet on <https://yield.fi>.

#### How do I get started?

It’s a simple onboarding flow:

1. Visit yield.fi/vaults
2. Choose any vault
3. Connect wallet
4. Deposit → receive vault tokens instantly

#### How long does redemption take?

Redemption terms are vault-specific. Most vaults target same day to \~2 days, but the exact SLA, queue behaviour, and fees are disclosed on each vault’s product page.

#### Do I need KYC/KYB? Who is eligible?

While most of the vaults are permissionless, some vaults require compliance checks. You’ll see a lock icon on the vault if access is restricted.

To unlock:

* Click Get Access
* Complete KYC / KYB (via a third-party provider like Sumsub)
* Typical approval time: 1–2 days

#### Are there minimums or maximums?

Typically, there is no minimums, no maximums. Always check vault specific page to see if there are any minimums, maximums or supply caps.

#### What does “tokenized yield product” mean?

It means you receive an ERC-20 token that represents your position in a vault.\
You can typically:

* Hold it
* Redeem it
* Use it in DeFi (e.g., as collateral), where supported

Legally, this token represents a subordinated debt claim against the issuer, not ownership of assets.

#### Who operates the vaults? Who is managing the capital?

Vault strategies are run by external curators / asset managers / strategy operators, while YieldFi provides:

* vault issuance + token mechanics
* custody rails
* monitoring + reporting
* standardized disclosures

Execution setup (typical):

* capital is deployed within YieldFi-owned segregated MPC custody wallets
* and/or segregated exchange sub-accounts (vault-specific)

If funds are ever off-ramped to a manager’s fund structure, YieldFi performs enhanced due diligence, collecting fund documentation and operational/legal materials with required disclosures on vault factsheet.

#### How does YieldFi handle custody and security?

YieldFi use institutional setups such as:

* MPC Custody wallets
* Segregated exchange sub-accounts
* Custody solutions and insurances wherever applicable/available
* Operational controls

Custody structures (where applicable) are vault-specific and disclosed.\
YieldFi itself is non-custodial by default unless explicitly stated in vault terms.

#### What risks should I understand?

Key risk categories:

* Market risk (rates, spreads, volatility)
* Liquidity risk (redemption queues)
* Counterparty risk (exchanges, custodians, borrowers)
* Smart contract / protocol risk
* Operational risk
* Regulatory / eligibility risk

If a strategy loses money, NAV declines unless the vault explicitly includes protection mechanisms. Example: protocol concentration risk (illustrative)

If a vault is 50% allocated to Aave lending, and Aave suffers a major exploit:

* the *vault’s loss exposure* is proportional to that 50% sleeve
* your realized impact is based on your share of the vault supply

(Exact loss mechanics vary by strategy design, collateral types, and mitigation layers.)

#### What happens in stressed markets or a black swan?

Vault-specific behavior may include:

* redemptions moving into a queue
* reduced strategy risk exposure
* orderly unwinds rather than forced liquidations

Example: “exit during stress” (illustrative)

Assume:

* Vault TVL: $100M
* You hold: $1M (1% of supply)
* Instant liquidity capacity drops from 100% → 20%
* Remaining redemptions go into queue for T+2 days

Then you may receive:

* $200k quickly (instant capacity)
* $800k over the queue window, net of any unwind costs (vault-specific)

If the underlying strategy’s NAV drops during unwinds, redemptions settle at the updated NAV.

#### Is APY net of fees?

Yes. Displayed APY is always net of fees.

#### How is NAV (token price) calculated?

NAV = (Assets − Liabilities) ÷ Token Supply.

#### How often is NAV updated?

Vault-specific. Commonly daily, sometimes less frequent (or event-driven). The frequency is disclosed in the vault fact sheet. NAV update is vested over epoch time period to avoid front-running. In case of drop in NAV, NAV update is instantaneous.

#### Are YieldFi vault tokens equity, deposits, or stablecoins?

No. They are subordinated debt instruments, not equity, not deposits, and not stablecoins. They represent a contractual claim against the issuer, subject to:

* Terms & Conditions
* Qualified subordination
* Risk and investment disclaimers

#### What does transparency look like?

Where feasible, vaults standardize disclosure of:

* NAV, APY and TVL history
* Holdings and exposure
* Redemption liquidity and queue
* Operational monitoring
* Attestations / audits (when applicable)

#### Can I borrow against vault tokens?

Potentially, yes—if supported by:

* Integrated lending markets
* Partner venues (e.g., Aave, Morpho, Euler)

Availability depends on ecosystem support.

#### What happens in stressed markets?

Vault-specific behavior may include:

* Slower redemptions (queues)
* Reduced risk exposure
* Orderly unwinds rather than forced liquidations

If there are protection layers (buffer/insurance/guarantees), they apply only as defined in the vault fact sheet.

#### Is YieldFi DeFi-native or institutional-grade?

Both. Institutional structure and reporting with DeFi-native distribution and composability.

#### What should I check before allocating?

A good checklist:

* Strategy and yield source
* Redemption terms
* Custody and counterparties
* NAV policy and frequency
* Risk controls
* Disclosures and transparency
* Jurisdiction and eligibility

#### How can I integrate YieldFi vaults into my product?

Via SDK:

* List vaults in your app (filter out unwanted vaults / filter in desired vaults)
* Display NAV/APY and key terms
* Enable mint and redemption flows (Redemption typically follows a request → processing flow)

#### Do you offer Vaults-as-a-Service? Any setup fees?

Yes, you can launch white-label or co-branded vaults. There are no fixed or one-time setup fees.

#### How is YieldFi different from other vault providers (e.g., Midas, Upshift)?

YieldFi’s differentiation is scope + distribution + institutional-grade disclosure.

Most vault providers are typically constrained by one or more of:

* single-chain focus
* lending-only yield
* limited distribution pathways
* non-standardized reporting across strategies

YieldFi enables curators to deploy across:

* EVM + non-EVM environments (via partners / vault design)
* multiple DeFi protocols
* top CEX/DEX venues
* private LP deals
* market-neutral strategies

…while packaging everything into a tokenized product with:

* standardized NAV/APY reporting
* redemption policy disclosures
* transparency pages designed for allocators + distributors

#### Typical allocation sizes by segment (indicative)

This varies by vault category and partner setup, but typical patterns:

* Retail / power users: $100 – $50k
* Crypto HNW / DeFi whales: $50k – $5M
* Family Offices / Funds: $250k – $25M+
* Corporate treasury / DAOs: $500k – $100M+
* Distribution partners (wallets/exchanges/fintechs): pooled flows that can scale into 8–9 figures

#### Want to integrate YieldFi into your product?

YieldFi offers an SDK to:

* list vaults in your app (with allowlist/filters)
* display NAV/APY + terms
* enable mint + redemption workflows