Yieldback connects everyday purchases to a balance that keeps working. Here's each step in order, what's live today, and exactly how the numbers are calculated.
$100.00
Make eligible purchases the way you already do. Yieldback is designed around your habits, not the other way round.
Today: purchase verification works for USDG payments on Robinhood Chain. No merchants are enrolled yet, so no purchases earn rewards so far.
$100 × 2% = $2
Reward = eligible amount × reward rate
Eligible purchases generate rewards. In our example, spending $100 earns $2 of Yieldback. Real reward rates and eligibility depend on the merchant and the reward program.
Rewards are calculated from verified payments only — never from a number typed into a form.
Rewards accumulate in your Yieldback balance instead of being treated as cash to spend again. You can add your own USDG too.
Live: adding USDG to your balance.
Your balance is deployed into a supported strategy: today, Steakhouse USDG on Morpho, which lends to borrowers who post collateral. Their interest grows your balance.
Variable, not guaranteed. The strategy currently charges 0% fees. Borrower defaults or smart-contract failures could cause losses.
Keep earnings compounding, buy supported Stock Tokens, send them to someone, or move them toward a goal.
Live: reinvest, Stock Tokens (outside the U.S.), send, goals. Not yet: spending straight from your balance.
A reward is only as real as the purchase behind it. Yieldback never issues a reward because someone typed in an amount — each one is backed by a payment it can check.
Where this stands today
Verification is built for USDG payments on Robinhood Chain and works now. No merchants are enrolled and no reward treasury is funded yet, so purchases currently end at “Not eligible”. Card purchases would need a card-linked offers partner, which isn't connected.
Reported
You hand Yieldback the transaction of a payment you made. Nothing is credited yet.
Awaiting verification
We wait until the payment is settled to Ethereum — usually under 15 minutes — so it can't be undone.
Verified
The payment really came from your wallet, succeeded, and went to an enrolled merchant.
Reward calculated
Eligible amount × that merchant's reward rate, rounded down to the cent.
Credited
The reward program deposits it into your balance — and we confirm that deposit onchain.
Adjusted / reversed
If the merchant refunds you, the reward shrinks with the refund, or is reversed entirely.
Not eligible
A real payment that didn't go to an enrolled merchant. We tell you that's why.
Rejected
Failed transactions, payments from another wallet, or a purchase someone already claimed.
Every transaction can be claimed exactly once, by the wallet that paid. Duplicates are refused.
Four formulas cover everything the app shows. None of them hide assumptions.
Reward
= eligible purchase amount × merchant reward rate
Rounded down to the cent. $100 at an illustrative 2% = $2.
Balance
= added by you + rewards credited + yield − withdrawals
Read from the strategy contract, not a database. Each part is rebuilt from your onchain history.
Yield
= what the balance is worth now − what went into it
Uses average cost, so withdrawals split cleanly into principal and realized yield. Rewards are never counted as yield.
Goal progress
= tagged deposits + your chosen share of new yield
An earmark on the same balance — goals never add money or project future earnings.
Implementation details live in the documentation.
Two things grow the balance, and they're different: rewards arrive from your purchases, and reinvested earnings come from the balance itself.
Spend
Buy what you were going to buy anyway.
Not every purchase earns, and not every balance grows: rewards need eligible purchases, and yield depends on how the strategy performs.
Your Yieldback balance is deployed into one strategy today. These figures are read from Robinhood Chain when you open this page — they describe the strategy, not anyone's account, and they change constantly.
Current variable rate
Rate source unreachable
Held in the strategy
totalAssets() onchain
Available to withdraw now
Unlent cash · Morpho API
Strategy fees
Performance / management, onchain
Strategy. Steakhouse USDG on Morpho, curated by Steakhouse Financial. It lends USDG to borrowers who post collateral.
Why the rate moves. It's set by how much borrowers want to borrow. When demand falls, so does the rate. Past rates say nothing about future ones.
Check it yourself. The strategy contract on the block explorer, or read risks & fees.
Total spent
$28,420
Eligible purchases in the example
Yieldback earned
$852
Rewards from those purchases
Yield generated
$82
Earned by the balance itself
Current balance
$934
Rewards + yield, nothing withdrawn
The example gives totals only — no time period, reward rate or yield rate — so it can't be reproduced exactly and isn't a projection. Its numbers do add up: $852 in rewards plus $82 of yield makes the $934 balance, with nothing withdrawn. That implies an average reward of about 3.0% of spending, higher than the 2% used elsewhere on this page; real rates depend on the reward program.
Reading today's strategy rate…
Total spent
$0.00
Rewards
$0.00
Yield (estimate)
$0.00
Ending balance
$0.00
How this is calculated
Each month: reward = spending × reward rate, added at month end. The balance earns (yield ÷ 12) on what it held at the start of the month. Balance = rewards + yield; nothing is counted twice and nothing is withdrawn. Rates are held constant, which real rates never are. This is an estimate, not a promise — yield can fall, and the balance can lose value.
