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Yieldback
Open app

Simple on the surface. Honest underneath.

Hiding complexity is not the same as hiding risk. This page covers what can go wrong, what it costs, and how Yieldback is built to keep you in control.

What could go wrong.

Borrowers default

The strategy lends to borrowers who post collateral. If collateral falls in value faster than it can be sold, lenders — including your balance — can take a loss.

Smart-contract failure

Morpho, the Steakhouse vault, USDG and Robinhood Chain are software. A bug or exploit in any of them could lose funds. We know of no audit we can vouch for on your behalf, so we don't claim one.

USDG losing its peg

USDG is a U.S. dollar stablecoin issued by Paxos. If it traded below $1, your balance would be worth less in dollars.

The rate changes

Yield depends on how much borrowers want to borrow. It changes constantly, can fall close to zero, and is never guaranteed.

Withdrawals can wait

You can withdraw whenever the strategy has unlent cash. If almost everything is lent out, a large withdrawal may have to wait until borrowers repay.

Stock Token risks

Stock Tokens track share prices, can fall sharply, and depend on their issuer. Trading can halt around market events and corporate actions.

Network risks

Robinhood Chain is a new network. Outages, upgrades or congestion could delay transactions.

Not a bank

Nothing in Yieldback is a deposit, FDIC- or SIPC-insured, or guaranteed by anyone. We don't claim insurance or partnerships we don't have.

Under the surface, in real numbers.

Live onchain

Your Yieldback balance is deployed into one strategy today. These figures are read from Robinhood Chain when you open this page — they describe the strategy, not anyone's account, and they change constantly.

Current variable rate

Rate source unreachable

Held in the strategy

totalAssets() onchain

Available to withdraw now

Unlent cash · Morpho API

Strategy fees

Performance / management, onchain

Strategy. Steakhouse USDG on Morpho, curated by Steakhouse Financial. It lends USDG to borrowers who post collateral.

Why the rate moves. It's set by how much borrowers want to borrow. When demand falls, so does the rate. Past rates say nothing about future ones.

Check it yourself. The strategy contract on the block explorer, or read risks & fees.

How every transaction is protected.

  • Your keys stay yours

    Yieldback never asks for a seed phrase or private key. Sign-in is a free signature; every transaction is approved in your own wallet.

  • Exact approvals

    When the strategy or a swap needs to move USDG, you approve only that amount — never an unlimited allowance.

  • Simulated first

    Every transaction is dry-run against Robinhood Chain before your wallet sees it. If it would fail, you're told why and nothing is sent.

  • One network only

    The app is configured for Robinhood Chain alone. Swap routes that touch any other network are discarded.

  • Nothing reported early

    A transaction is "confirmed" only once its receipt says it succeeded. Rewards are "credited" only after the deposit is verified onchain.

  • No double claims

    Each payment can earn a reward once, for the wallet that paid. Each treasury deposit can back exactly one reward.

  • No double clicks

    Buttons lock while a transaction is in flight, so a second tap can't send it twice.

  • Balances you can check

    Every number in the app is read from public contracts. Each one links to the block explorer.

Contracts we touch.

Every address was checked against an official source and for deployed code on Robinhood Chain. Stock Token addresses come live from Robinhood's registry.

What works today.

Risks & security

No roadmap dressed up as a feature list. This is exactly what the app can and can't do right now, and what each missing piece depends on.

  • Wallet connection

    Live

    Connect a browser wallet and sign in with a signature. Yieldback never sees your keys.

  • Yieldback balance

    Live

    Add USDG and it's deposited into the Steakhouse USDG strategy. Your balance is read onchain every time.

  • Yield

    Live

    The balance earns the strategy's variable rate, paid by borrowers. It isn't fixed or guaranteed.

  • Withdrawals

    Live

    Withdraw any time, subject to the strategy having enough unlent cash at that moment.

  • Buy Stock Tokens

    Live · limited

    Use earnings to buy NVDA, AAPL or AMZN Stock Tokens. Not available to U.S. persons or in restricted countries.

  • Send

    Live

    Send USDG from your balance straight to another wallet.

  • Savings goals

    Live

    Earmark deposits and a share of earnings toward a target.

  • Purchase rewards

    Not yet

    Purchase verification works for USDG payments, but no merchants are enrolled yet — so no purchases earn rewards today.

    Needs: Merchant enrollment

  • Reward crediting

    Not yet

    Rewards can be calculated, but there's no funded reward treasury yet, so nothing is credited.

    Needs: Funded reward treasury

  • Card purchases

    Not yet

    Earning on card purchases needs a card-linked offers partner. None is connected.

    Needs: Card-linked offers provider

  • Spend from balance

    Not yet

    There's no Yieldback card yet. You can withdraw USDG and spend it anywhere it's accepted.

    Needs: Card issuing partner

  • Automatic earnings routing

    Not yet

    Earnings compound automatically. Routing them elsewhere on a schedule needs delegated permissions that aren't built yet.

  • Yieldback token

    Not yet

    Launching on Pons V2. It hasn't launched yet.

Found a problem? Tell us.

Message @tryyieldback