YZPP, issued by Yuzu LLC, is a tokenized liquidity-provider position whose published documentation describes a non-custodial concentrated liquidity market maker decentralized exchange rather than a tokenized fund, money market fund, or other backed instrument [S1][S2].

Yuzu LLC discloses one economic mechanism for tokenholders, namely trading-fee accrual for liquidity providers on its decentralized exchange [S3]. Holders supplying liquidity receive tokens proportional to their share in a pool and earn a portion of the fees generated from trading within their pools [S3]. Yuzu charges a 0.9% swap fee split between liquidity providers and the Yuzu Treasury, and documents impermanent-loss risk, where a 2x price change yields roughly a 5.7% loss versus holding [S3].

The platform is operated by Yuzu LLC, also referred to as YuzuSwap, identified in the Terms of Use as the contracting party and founded in 2024 [S2][S4]. The Terms reference governing law tied to a United States state [S4]. The holder's claim is a non-custodial liquidity-provider position token representing a pro-rata claim on a pool's assets, which the documentation states is not meant for trading [S3]. Users must be at least 18 years of age and use the site in compliance with applicable laws [S4]. Holders withdraw their pro-rata share of pool assets directly through the smart contracts; Yuzu is non-custodial and does not control user assets [S3][S4].

Yuzu is built on the Movement Network using Move-based concentrated liquidity market maker smart contracts, and the Terms reference interacting with Aptos or another public blockchain [S1][S2][S4]. Positions are minted when liquidity is deposited into a pool and burned when liquidity is withdrawn, settled onchain [S2][S3]. Pricing is determined by the pool curve rather than a NAV oracle [S2][S3].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://www.yuzu.finance/" },
    { id: "S2", url: "https://docs.yuzu.finance" },
    { id: "S3", url: "https://docs.yuzu.finance/technical/understanding-returns" },
    { id: "S4", url: "https://docs.yuzu.finance/legal/terms-of-use" },
  ]}
/>


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Yuzu

Yuzu Protection Pool (YZPP) is a tokenized fund share issued by Yuzu.

Holders have a right to redeem at net asset value.

YZPP has been issued on Plasma as an ERC-4626 token since October 2025.

Yuzu Protection PoolYZPP

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