Is Youves Safe?
Risk Grade: C+ (36/100)
Youves is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Elevated risk — custom oracle and extreme ecosystem concentration on Tezos create amplified risk, partially offset by conservative 300% collateral ratio and multi-year history.
Youves is the largest DeFi protocol on Tezos, offering synthetic assets (uUSD stablecoin and uBTC) backed by overcollateralized CDPs with $23M TVL. Its C+ grade reflects custom oracle implementation with limited validators, extreme ecosystem concentration as 69.7% of Tezos DeFi, and thin market liquidity that could amplify liquidation cascades.
TVL
$23M
Mechanisms
5
Interactions
4
Value Grade
D-
Key Risks for Youves Users
Youves uses a custom oracle on Tezos rather than established providers like Chainlink. With fewer validators, the oracle may be more vulnerable to manipulation during volatile markets.
Youves accounts for nearly 70% of all DeFi activity on Tezos. If the Tezos ecosystem declines, there may not be enough liquidity to support efficient trading or liquidation.
Synthetic assets like uUSD maintain their peg through arbitrage. On Tezos smaller markets, peg defense is harder during stress periods.
Top Risk Factors
- •uUSD and uBTC synthetic assets rely on a custom oracle on Tezos with limited validator participation, creating higher manipulation risk compared to established oracle networks.
- •300% collateral ratio creates capital inefficiency, and during Tezos ecosystem stress, liquidation may face insufficient buyer demand given Tezos DeFi limited liquidity.
- •As 69.7% of Tezos DeFi TVL, Youves is highly concentrated in a single ecosystem — any Tezos-specific issues directly threaten protocol viability.
- •DAO governance on a low-participation chain means decisions may be controlled by few large holders.
Risk Score Breakdown
Youves's highest risk area is Oracle Surface (7/10). Here's how each dimension contributes to the overall 36/100 score:
Read the Full Youves Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
View Full Report →Considering an investment?