Live on Base Mainnet

Long-term capital
management,
on-chain.

YearRing is a non-custodial fund protocol built on Base. Deposit USDC, earn real yield through Aave V3, and hold your position inside a structured, governed, and fully transparent management container — without delegating custody to anyone.

Base Mainnet
Non-custodial
Aave V3 real yield
Governance hardening path
Open source
Entry Points

Choose your path

YearRing is building long-term on-chain capital infrastructure. Start where you fit best.

01
Learn

Understand YearRing's reserve model, accounting logic, governance delay, and emergency exit structure.

Explore the protocol →
02
Community

Join the early community for long-term users, researchers, and early testers.

Enter community →
03
App

Access the protocol interface, vault status, and on-chain entry points.

Launch app →
Why we exist

DeFi made yield accessible. But yield access is not the same as capital management. Most people don't want to rotate strategies, monitor collateral, or decide when to exit. They want a structure they can trust — one that is transparent, governed, and designed to protect them before it grows.

About

What YearRing is.

YearRing Fund is an on-chain capital management protocol. It accepts USDC deposits, issues ERC-4626 shares (yrUSDC), and deploys capital into conservative yield strategies. The first and current strategy is Aave V3 USDC supply on Base.

The protocol adds a structured management layer on top of strategy yield: on-chain reserve ratios, a permanent emergency exit path, and role separation between normal administration and emergency response. Timelock governance and multisig are planned and will be implemented before any allowlist expansion.

YearRing is built and operated by a small, focused team. The contracts are open source, verified on BaseScan, and designed to be independently reviewable. There is no venture funding to announce, no advisory board to display, and no partnership logos to borrow credibility from. The protocol is the product. The code is the proof.

Current status: live on Base Mainnet under invited allowlist access. Formal audit in preparation. Allowlist expansion will follow audit completion.

Our principles

We hold three positions
we don't negotiate on.

01
Opacity in capital management is a structural risk — not a design choice.
Private databases, off-chain records, and opaque position reporting are not just inconvenient — they are the conditions under which misuse becomes possible. Every transaction, fee accrual, and parameter change in YearRing is written to Base. If it is not on-chain, it does not exist. There is no other record.
02
Your right to exit is not subject to protocol conditions.
Emergency exit is always available — regardless of system state, strategy liquidity, or governance status. The protocol's growth ambitions cannot override this guarantee because it is enforced architecturally, not by policy. No vote, no upgrade path, and no operational constraint can remove it.
03
Yield without an underlying source is a promise, not a return.
Emission-based yields subsidize present returns by diluting future ones. YearRing does not participate in that accounting. Price Per Share reflects only what the market pays to borrow USDC on Aave V3. When that number grows, it is because something real happened — not because a token was minted.
Why we exist

DeFi solved access.
It didn't solve structure.

Most on-chain yield today is accessed the same way: deposit into a protocol, earn a rate, watch it manually. There is no management layer. No reserve policy that protects your exit. No governed delay before a parameter that affects your capital can change. No unified accounting that tells you clearly what your position is worth.

That is not a criticism of yield protocols — it is a description of scope. Aave is lending infrastructure. It was not designed to manage capital on your behalf. YearRing was.

We exist because there is a gap between "access to yield" and "capital that is being managed well" — and closing that gap requires structure, not just a better rate.

Direct Aave deposit
YearRing Fund
Single strategy exposure
Unified yrUSDC share system
No reserve policy
On-chain reserve ratio enforced
Instant parameter changes
Governance hardening path (planned)
No governed exit path
Emergency exit always available
No future strategy optionality
Extensible strategy architecture
Honest comparison

Why not just use
Aave directly?

You should use Aave directly if all you want is yield access. It is excellent at that. The question is whether yield access is sufficient for your goals.

When you deposit into Aave, you hold an aToken. It accrues interest. There is no management layer between you and the strategy. Every parameter — interest rate model, collateral factor, reserve factor — can change without your involvement and without advance notice.

That is a deliberate design decision by Aave — optimised for protocol flexibility, not depositor predictability. YearRing makes the opposite trade: less flexibility at the protocol layer, more protection at the depositor layer.

If you want to know — before you deposit — exactly what governance delay applies to your capital, what reserve protects your exit, and what conditions would trigger an emergency return of funds: that is what YearRing is for.

Parameter changes affecting your capital
Aave: Immediate. Governance can adjust reserve factor, fee tiers, and risk parameters with no delay visible to depositors.

YearRing: The V2.1 beta operates under a monitored operator address with all contracts open source and verified. Timelock governance is a planned hardening step before any allowlist expansion — the architecture is designed to accommodate it.
🔒
What happens if the strategy fails
Aave: You hold aTokens in a single strategy. There is no separate exit mechanism outside of standard redemption.

YearRing: Emergency exit is a permanent, architecture-level path. A designated operator can activate Emergency Mode at any time, freezing deposits and withdrawals while the situation is resolved. Normal redeem and emergency paths are always structurally preserved. Emergency Mode does not create a direct operator withdrawal path for user principal.
📊
Position clarity
Aave: aToken balance grows over time but requires tracking conversion rates to know your USDC value precisely.

YearRing: Price Per Share is a single, on-chain number. Your shares × PPS = your USDC. No secondary calculation required.
🏦
Reserve liquidity
Aave: Redemption depends on available utilisation. During high-utilisation periods, liquidity can be limited.

YearRing: A configurable percentage of deposits is always held as idle USDC in the vault. Standard redemptions are served from reserve — no strategy divestment required.
Security architecture

Trust is a design property,
not a marketing claim.

Security status
Protocol live on Base
Emergency exit active · governance hardening planned
Contracts verified on BaseScan
Formal audit — in preparation
Disclosed openly. Operating under limited-access allowlist until complete.
Governance Hardening Path
Planned
Timelock governance and multisig are the next hardening step and will be implemented before any allowlist expansion. The V2.1 beta operates under a monitored operator address with on-chain reserve enforcement and emergency controls active. All contracts are open source and verified — the governance upgrade path is designed into the architecture.
TimelockController + multisig · planned before allowlist expansion · contracts verified on BaseScan
Emergency Exit
Active
In any crisis scenario, a designated operator can immediately activate Emergency Mode — freezing deposits and withdrawals while accounting, liquidity, or strategy risk is reviewed. Emergency Mode does not create a direct operator withdrawal path for user principal. Normal redeem and emergency exit paths are always structurally preserved.
systemMode=2 · operator-controlled · no direct operator withdrawal path · always structurally preserved
Reserve Ratio
Active
An on-chain reserve band keeps idle USDC in the vault at all times: minimum 5%, target 10%, maximum 15% of total assets. Auto-rebalance enforces the band on every deposit and withdrawal. Standard redemptions are served from reserve — no strategy divestment required. Reserve parameters are on-chain and visible to all.
MIN 5% / TARGET 10% / MAX 15% · auto-rebalance enforced · current reserve visible on BaseScan
Open Source
Verified
All protocol contracts are open source and verified on BaseScan. The complete codebase — including deployment scripts, test suites, and upgrade history — is publicly available on GitHub. There are no proprietary or closed-source components in the critical path.
Smart Contract Audit
In preparation
Audit-pending is not audit-passed. We say this clearly — and then we say what it means for you: the protocol is live under a limited-access allowlist, with on-chain controls active, and the codebase is structured by design to be independently reviewable. The audit process formalises what is already verifiable by anyone with a text editor and a Base RPC.
Audit scope · auditor · timeline — to be published publicly before any allowlist expansion
Role Separation
Active
During the V2.1 beta, all admin, keeper, and emergency roles are held by a monitored operator address. Emergency controls are limited to pause and Emergency Mode — they do not add a direct operator withdrawal path for user principal. Multisig and Timelock governance are a planned hardening step before any allowlist expansion. Role separation is enforced architecturally and will be distributed as the protocol matures.
V2.1 beta: monitored operator · emergency limited to pause/exit · multisig + timelock planned
FAQ

Common questions.

What is YearRing Fund?
A non-custodial fund protocol on Base. You deposit USDC, receive yrUSDC shares, and the protocol deploys capital into Aave V3 to earn supply yield. A management layer handles reserve policy, on-chain accounting, and emergency controls on your behalf.
Is this custodial?
No. Your deposits are held in on-chain smart contracts, not by any person or entity. You hold yrUSDC shares in your own wallet and can redeem them at any time in normal operation. No one — including the admin — can transfer, freeze, or redirect your shares.
What is the yield source?
Aave V3 USDC supply on Base. The vault deposits USDC into Aave's lending pool and earns the market supply rate. There is no leverage, no recursive borrowing, and no token emission used as yield. Price Per Share reflects only real strategy performance.
How do withdrawals work?
In normal operation, redeem your yrUSDC shares for USDC at any time. The vault maintains an on-chain reserve band (5% min / 10% target / 15% max) so standard redemptions are served from idle USDC without needing to divest from the strategy. Emergency Mode freezes deposits and withdrawals while accounting, liquidity, or strategy risk is reviewed. Emergency Mode does not create a direct operator withdrawal path for user principal.
What safety controls exist?
On-chain reserve band enforced (5% min / 10% target / 15% max). Emergency controls freeze protocol activity and do not add a direct operator withdrawal path for user principal. Emergency exit path structurally preserved and cannot be removed. All contracts open source and verified on BaseScan. Timelock governance and multisig planned before allowlist expansion.
Is the protocol audited?
Not yet. A formal third-party audit is in preparation. The protocol currently operates under a limited-access allowlist. All contracts are open source, verified on BaseScan, and independently reviewable. Audit scope, auditor, and timeline will be published before any allowlist expansion.
How do I verify the protocol is real?
All contracts are verified on BaseScan. The full source code is on GitHub. Only trust the channels listed in the Official Channels section below.
Protocol snapshot · live on Base
Price Per Share
Fetching...
Strategy
Aave V3
Base Asset
USDC
Network
Base
Custody
Non-custodial
Official Channels

Verify before you trust.

Vault Contract
BaseScan ↗

Any website, app, social account, or contact channel not listed here should be treated as unofficial. We do not provide support through private messages, groups, or third-party intermediaries.

Risk Disclosure

YearRing Fund Protocol is experimental software. Smart contracts have not been formally audited by a third party. The protocol operates under a limited-access allowlist while audit preparation is underway.

There are no guaranteed returns. Deposited capital is subject to smart contract risk, strategy risk (Aave V3 protocol conditions), and market risk. Price Per Share can decrease if the underlying strategy incurs losses.

Nothing on this website constitutes investment advice, a solicitation, or an offer to buy or sell any financial instrument. Users should independently evaluate all risks before interacting with the protocol.

Only interact with contracts and interfaces listed in the Official Channels section above. The protocol is non-custodial — you are solely responsible for the security of your wallet and private keys.

YearRing Fund Protocol · Base Mainnet

Your capital, structured.
Your exit path, structurally protected.

Join the allowlist or connect directly. Transparent governance, real yield, and a fund structure that puts investors first.