Synthetics · Review
ActiveYouves Review 2026: Synthetic Assets on Tezos
Youves is a Tezos-based platform for minting synthetic assets, with minters earning YOU governance tokens. It shows meaningful TVL, but the details of its mechanics and fees need checking in the app.
By the DappsAtlas editorial team · Updated
DappsAtlas score
—/10
Not rated
Our verdict on Youves
Youves suits Tezos users who want to mint synthetic assets and earn YOU rewards without giving custody to a company. Its strengths are the non-custodial design, listed audits and roughly 16.7 million USD in TVL. The main caveat is how little is published in the research facts about fees, collateral and liquidation, so read the documentation first and start small.
Score breakdown
How Youves scores
- Security
- 6.0/10
- Ease of use
- n/a
- Fees
- n/a
- Features
- 6.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Youves?
Youves is a decentralised, non-custodial and self-governed platform on Tezos for creating and managing synthetic assets. DefiLlama categorises it as Synthetics and lists a TVL of about 16.7 million USD, down roughly 1.7 percent over seven days.
Its governance token is YOU. According to the project description, minters of synthetic assets earn passive income in YOU, which ties rewards to the token as well as to the synthetic assets themselves.
The homepage describes it as a tool on Tezos for asset creation and management. Beyond that, public sources give little detail on products, collateral or fees, so this review stays at the level of what is published.
How Youves works
Synthetic assets are tokens that track the value of another asset. On Youves, users create them on Tezos by locking collateral in smart contracts instead of handing funds to a company.
Minters of synthetic assets earn passive income in YOU, the governance token. YOU holders can take part in running the protocol, which the project describes as self-governed.
The project does not specify which synthetic assets exist, which collateral types are accepted, or how liquidation works. Newcomers should read the official documentation for those details.
5 features
Key features
01
Synthetic asset minting
Users can create and manage synthetic assets, which are tokens designed to track the value of another asset.
02
Non-custodial design
The platform describes itself as non-custodial, so users interact from their own wallet rather than depositing with a company.
03
YOU token rewards
Minters of synthetic assets earn passive income paid in YOU.
04
Self-governed protocol
YOU is the governance token, and the platform describes itself as self-governed.
05
Tezos-native
The app is built for Tezos, which uses proof-of-stake and is often chosen for lower transaction costs than Ethereum mainnet.
Pros and cons
What we like
- Non-custodial design keeps assets in users' own wallets
- Native to Tezos, a chain with its own DeFi community
- Meaningful TVL of about 16.7 million USD per DefiLlama
- Two audits listed on DefiLlama
- Governance token gives holders a role in the protocol
Watch out for
- Only two audits are listed, and the project does not name the auditors or link the reports
- Restricted to Tezos, so it has a smaller user base and fewer integrations than Ethereum-based synthetics
- Minter rewards are paid in YOU, so returns depend on the price of the governance token
- Fee, collateral ratio and liquidation details are not in the research facts
- Homepage is minimal, so documentation must be checked elsewhere
Youves fees
Fees are not published publicly available for this review. Users should expect to pay Tezos network transaction fees and may face protocol-level minting or stability charges.
The project does not confirm whether such charges exist. Check the app and project documentation for current fee and collateral terms before minting.
Is Youves safe?
Youves describes itself as non-custodial, so the main risks are smart-contract bugs, collateral and liquidation risk, and price swings in YOU. DefiLlama lists two audits, but the project does not name the auditors or summarise their findings, and an audit does not remove risk.
Public sources mention no hacks or incidents, and none were verified for this review. Read the audit reports and documentation yourself, and only commit funds you can afford to lose.
6 steps
How to get started with Youves
- 1
Set up a Tezos-compatible wallet and fund it with XTZ for network fees.
- 2
Open the official Youves app and connect the wallet, checking the address carefully.
- 3
Read the documentation on the synthetic asset you want, including collateral and liquidation rules.
- 4
Start with a small amount to understand how minting and repayment work.
- 5
Monitor your position and the collateral level regularly.
- 6
Review how YOU rewards are paid and whether you want to take part in governance.
Who Youves is for
Youves is for DeFi users already on Tezos who understand collateralised positions and are comfortable with smart-contract risk. It is less suited to beginners who want a simple, fully documented product with clearly stated fees.
Youves FAQs
What is Youves?
Youves is a decentralised, non-custodial and self-governed platform on Tezos for creating and managing synthetic assets. Minters earn passive income in YOU, its governance token.
Which blockchain does Youves use?
Youves runs on Tezos. The project does not list any other chains.
What is the YOU token for?
YOU is the governance token. According to the project description, minters of synthetic assets earn passive income in YOU.
Is Youves safe?
Youves describes itself as non-custodial, so users keep control of their assets through their own wallet. Smart-contract risk still applies. DefiLlama lists two audits, but the project does not name the auditors or give findings.
What are the fees on Youves?
The project does not state fees, collateral ratios or liquidation rules. Users should read these in the app and the project's documentation before minting.
How much value is locked in Youves?
DefiLlama shows about 16.7 million USD in TVL, down roughly 1.7 percent over seven days. TVL changes with token prices and user activity, so check current figures.
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How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.