YB

veYB holders control the protocol through Aragon governance. The YB token is non-upgradeable with renounced ownership. Protocol upgrades are controlled by the DAO through MigrationFactoryOwner. The veYB contract owner (_yb.eth) can change transfer clearance rules, but this does not constitute censorship—users remain custodians of their locked YB.

veYB holders receive **protocol admin fees** (a subset of protocol revenue) via FeeDistributor. Fees originate from LT (Liquidity Token) vault admin fees, distributed weekly in yb-LP tokens. DAO controls fee direction via MigrationFactoryOwner, and gauge voting directs YB emissions. The Ecosystem Reserve is controlled by an EOA, not the DAO.

All core contracts are verified on Etherscan with matching GitHub source (Vyper 0.4.3). Protocol has undergone 6 independent security audits (Statemind, Chainsecurity, Quantstamp, Mixbytes, Electisec, Pashov).

~77M YB locked as veYB (~10% of minted supply). Team (25%) + Investors (12.1%) have 24-month vesting with a 6-month cliff ending March 2026, after which 25% unlocks and the remaining 75% vests linearly over 18 months.

Aragon has not been able to verify trademark ownership. Aragon has not been able to identify published terms of service or a contracting entity for the primary distribution channels. DAO contracts use AGPL v3.0 (open source), but Factory uses proprietary license.