Introduction
Please review Disclaimer: Risk of Using Protocol and Terms of Service before using the Yeti Finance and/or interacting with YETI or YUSD. Yeti Finance & YETI/YUSD are not avaliable in the U.S.
Yeti Finance is a cross-margin lending protocol on Avalanche that allows users to borrow up to 21x against their portfolio of LP tokens, staked assets such as sJOE and sAVAX, and yield-bearing stablecoins in a single debt position.
Farming and staking rewards are auto-compounded when interest-bearing token such as staked assets or LP tokens are deposited onto Yeti Finance’s platform, opening up numerous leveraged farming strategies.
Borrowers receive YUSD, an overcollateralized stablecoin which can be swapped for additional assets and subsequently re-deposited into Yeti Finance to build a leverage position.
YUSD can be redeemed for $1 of underlying collateral minus redemption fees. Yeti Finance builds off Liquity's economic model to ensure peg stability and efficient liquidations.
Yeti Finance is a quantum leap forward in the stablecoin/lending landscape.
NOTE: A new fee model is in effect as of November 2nd, 2022. These changes include a reduction of one-time borrowing fees and and introduction of a 0.5% starting interest rate for new and existing borrowers. Read more here.
Please read our DISCLAIMERS: RISK & YETI/YUSD and Terms of Service before using Yeti Finance and interacting with YETI or the YUSD token.
Last modified 4mo ago