Yeti Finance
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 for 0% interest.
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.
At any time, 1 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.
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