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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 lending protocol on Avalanche that allows users to borrow up to against their portfolio of LP tokens, staked assets such as sJOE and sAVAX, and yield-bearing stablecoins in a single debt position.
Rewards from deposited collaterals are auto-compounded like staked assets or LP tokens are deposited into Yeti Finance’s protocol
Borrowers receive YUSD, an overcollateralized stablecoin which can be swapped for additional assets whi can be re-deposited into Yeti Finance.
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.