Youves

Youves receives a C+ risk grade (36/100) from Hindenrank, where lower scores indicate lower risk. 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.

The key risks identified for Youves are: (1) 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. (2) 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. (3) Synthetic assets like uUSD maintain their peg through arbitrage. On Tezos smaller markets, peg defense is harder during stress periods.

Youves scores 36/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 6/20, Oracle Surface: 7/10, Documentation Gaps: 4/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 4/10. The highest risk area is Oracle Surface at 7/10.

Among 25 rated CDP protocols on Hindenrank, Youves ranks #14 by safety (lowest risk score = safest). Its 36/100 risk score and C+ grade place it in the middle tier of CDP protocols.

Youves scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.