yvDAI is an interest-accruing token that represents a DAI deposit in the Yearn vault strategy
yvDAI is a large-cap, fully collateralized asset. This asset is exposed to the underlying risks of Yearn and Maker, which are protocols rated as Watch out and Good, respectively.
yvDAI is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.
yvDAI has an uncapped supply but has inflation control or burn mechanisms in place. yvDAI is a receipt of a deposit of DAI in the Yearn vault strategy and accrues interest. DAI is the most battle-tested, decentralized stablecoin in DeFi.
yvDAI is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.