# 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 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. YUSD can be redeemed for $1 of underlying collateral minus redemption fees. Yeti Finance builds off [Liquity's ](https://www.liquity.org/)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](https://blog.yetifinance.co/the-path-to-becoming-the-best-defi-borrowing-protocol-790459ddf93d). Please read our [DISCLAIMERS: RISK & YETI/YUSD ](/disclaimer-risks-and-yeti-yusd)and [Terms of Service](/terms-of-service) before using Yeti Finance and interacting with YETI or the YUSD token. ![](/files/BBuO4J9HCVqypdkxyNro) # Disclaimer: Risks & YETI/YUSD 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 novel borrowing protocol that allows users to deposit assets and borrow the protocol’s native stablecoin, YUSD, against them. The Yeti Finance protocol is made up of both proprietary and free, public, and open-source software.Your use of Yeti Finance involves various risks, including, but not limited, to losses while digital assets are deposited into Yeti Finance via smart contract or economic exploits, and losses due to liquidations and redemptions. Before borrowing, staking, or liquidity providing you should fully review our [technical documentation](https://techdocs.yeti.finance/) to understand how the Yeti Finance protocol works. While the Yeti Finance Protocol has been thoroughly audited by multiple independent software security firms and undergone third-party economic analysis, there remains a risk that assets deposited into the protocol as well as the YUSD and YETI tokens may suffer complete and permanent economic loss should the Yeti protocol or any integrated protocols' technical or economic mechanisms suffer catastrophic failure. USE AT YOUR OWN RISK: THE YETI FINANCE PROTOCOL IS PROVIDED “AS IS”, WITHOUT WARRANTIES OF ANY KIND. No developer or entity involved in creating the YETI FINANCE will be liable for any claims or damages whatsoever associated with your use, inability to use, or your interaction with other users of the Yeti Finance protocol, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of profits, cryptocurrencies, tokens, or anything else of value. Yeti reserves the right to modify the terms of the Yeti protocol at any time for any reason. YETI FINANCE AND THE YETI AND YUSD TOKEN IS NOT OFFERED TO PERSON OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN THE UNITED STATES OF AMERICA (COLLECTIVELY, “US PERSONS”). MOREOVER, NO SERVICES (AS DEFINED BELOW) ARE OFFERED TO PERSON OR ENTITIES WHO RESIDE IN ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN ANY SANCTIONED TERRITORY (AS DEFINED BELOW, AND ANY SUCH PERSON OR ENTITY FROM A SANCTIONED TERRITORY, A “SANCTIONED PERSON”). WE DO NOT MAKE EXCEPTIONS; THEREFORE, IF YOU ARE A U.S. PERSON, THEN DO NOT ATTEMPT TO USE THE APP OR PROTOCOL, AND IF YOU ARE A SANCTIONED PERSON, THEN DO NOT ATTEMPT TO USE ANY OF THE SERVICES, USE OF A VIRTUAL PRIVATE NETWORK (”VPN”) TO CIRCUMVENT THE RESTRICTIONS SET FORTH HEREIN IS PROHIBITED. # Terms of Service Please read the most updated and full Terms of Service at https\://app.yeti.finance/#/terms Yeti Finance is an open-source borrowing protocol. Sapiens Research (“we”, “our”, or “us”) offer access to the Yeti Finance protocol on the Avalanche blockchain to deposit assets and borrow the protocol’s native stablecoin, YUSD, as well as stake various assets (”Protocol”), through its website. 1. **Use of the Services** To use the Services, you must legally be able to enter into the Agreement. By using the Services, you represent and warrant that you meet the eligibility requirement. If you do not meet the requirement, you must not access or use the Site or the Services. YETI FINANCE AND THE YETI AND YUSD TOKEN IS NOT OFFERED TO PERSON OR ENTITIES WHO RESIDE IN, ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN THE UNITED STATES OF AMERICA (COLLECTIVELY, “US PERSONS”) or UNITED KINGDOM (COLLECTIVELY, “U.K. PERSONS”) . MOREOVER, NO SERVICES (AS DEFINED BELOW) ARE OFFERED TO PERSON OR ENTITIES WHO RESIDE IN ARE CITIZENS OF, ARE LOCATED IN, ARE INCORPORATED IN, OR HAVE A REGISTERED OFFICE IN ANY SANCTIONED TERRITORY (AS DEFINED BELOW, AND ANY SUCH PERSON OR ENTITY FROM A SANCTIONED TERRITORY, A “SANCTIONED PERSON”). WE DO NOT MAKE EXCEPTIONS; THEREFORE, IF YOU ARE A U.S. or U.K. PERSON, THEN DO NOT ATTEMPT TO USE THE APP OR PROTOCOL, AND IF YOU ARE A SANCTIONED PERSON, THEN DO NOT ATTEMPT TO USE ANY OF THE SERVICES, USE OF A VIRTUAL PRIVATE NETWORK (”VPN”) TO CIRCUMVENT THE RESTRICTIONS SET FORTH HEREIN IS EXPLICITLY BLOCKED AND PROHIBITED. ARBITRATION NOTICE: THESE TERMS (“TERMS”) CONTAIN AN ARBITRATION CLAUSE BELOW. EXCEPT FOR CERTAIN TYPES OF DISPUTES MENTIONED IN THAT ARBITRATION CLAUSE, YOU AND WE AGREE THAT ANY DISPUTES RELATING TO THE SERVICES (AS DEFINED BELOW) WILL BE RESOLVED BY MANDATORY BINDING ARBITRATION, AND YOU WAIVE ANY RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE IN A CLASS-ACTION LAWSUIT OR CLASS-WIDE ARBITRATION. You are entering into a binding Agreement. BY ACCESSING OR USING OUR SERVICES, WHICH INCLUDE OUR VARIOUS WEBSITES, INCLUDING, WITHOUT LIMITATION, YETI.FINANCE (AND ANY RESPECTIVE OR RELATED SUBDOMAINS); APPLICATIONS (COLLECTIVELY WITH ANY MATERIALS AND SERVICES AVAILABLE THEREIN, AND SUCCESSOR WEBSITE(S) OR APPLICATION(S) THERETO, THE “SITE”), AND OTHER SERVICES THAT LINK TO THESE TERMS, AS WELL AS ANY INFORMATION, TEXT, LINKS, GRAPHICS, PHOTOS, AUDIO, VIDEO, OR OTHER MATERIALS STORED, RETRIEVED OR APPEARING THEREON, WHETHER ACCESSED THROUGH THE SITE OR OTHERWISE (COLLECTIVELY, THE “SERVICES”), YOU ARE ENTERING INTO A BINDING AGREEMENT WITH US THAT INCLUDES THESE TERMS, YETI.FINANCE - PRIVACY POLICY (FOUND HERE), AND OTHER POLICIES REFERENCED HEREIN (COLLECTIVELY, THE “AGREEMENT”). To the extent that there is a conflict between these Terms and any applicable additional terms, these Terms will control unless expressly stated otherwise. If you don't agree with these Terms, you may not use the Services and should not visit the Site or otherwise engage with the Services. We may update the Services and the Terms. We may update the Services, the Agreement, and any part of the Terms at any time, for any reason, at our sole discretion. Once any part of the Agreement is updated and in effect, you will be bound by the Terms if you continue to use the Services, including by accessing the Site. We may, at any time, and without liability to you, modify or discontinue all or part of the Services (including access to the Services via any third-party links). You may contact us with questions about your use of the Services at . When you communicate with us electronically, you consent to receive communications from us electronically. You should review the Terms from time to time to ensure that you understand the terms and conditions that apply to you when you access or use the Site. 2. **Assumption of Risk** You assume the risks of engaging in transactions that rely on smart contracts and other experimental technology. Transactions on the Yeti Finance Protocol rely on smart contracts stored on the Avalanche blockchain blockchains, cryptographic tokens generated by the smart contracts, and other nascent software, applications and systems that interact with blockchain-based networks. These technologies are experimental, speculative, inherently risky, and subject to change. Among other risks, bugs, malfunctions, cyberattacks, or changes to the applicable blockchain (e.g., forks) could disrupt these technologies and even result in a total loss of cryptoassets, their market value, or digital funds. You are solely responsible for the safekeeping of the private key associated with the blockchain address used to interact with the Protocol. We assume no liability or responsibility for any such risks. If you are not comfortable assuming these risks, you should not access or engage in transactions using blockchain-based technology. One of the other defining features of blockchain technology is that its entries are immutable, which means, as a technical matter, they generally cannot be deleted or modified by anyone. This includes smart contracts and cryptoassets generated and programmed by smart contracts. THUS, TRANSACTIONS RECORDED ON THE BLOCKCHAIN, INCLUDING TRANSFERS OF CRYPTOASSETS AND DATA PROGRAMMED INTO THESE ASSETS MUST BE TREATED AS PERMANENT AND CANNOT BE UNDONE BY US OR BY ANYONE. YOU MUST BE VERY CAREFUL WHEN YOU FINALIZE ANY TRANSACTION THAT WILL BE RECORDED ON THE BLOCKCHAIN. We are not liable for any third-party services or links. We are not responsible for the content or services of any third-party, including, without limitation, any network, or apps like Discord, or MetaMask, and we make no representations regarding the content or accuracy of any third-party services or materials. The use and access of any third-party products or services, including through the Services, is at your own risk. You agree to the automated collection and disbursement of assets by smart contracts. You acknowledge and agree that all transactions accessed through the Services will be automatically processed using one or more blockchain-based smart contracts. By engaging in transactions using the Services, you acknowledge and consent to the automatic processing of all transactions in connection with using the Services. You further acknowledge and agree that the applicable smart contract will dictate how the funds of a transaction and ownership of cryptoassets are distributed. You acknowledge the risks of using the Services. You bear sole responsibility for evaluating the Services before using them, and all transactions accessed through the Services are irreversible, final, and without refunds. The Services may be disabled, disrupted or adversely impacted as a result of sophisticated cyber-attacks, surges in activity, computer viruses, and/or other operational or technical challenges, among other things. We disclaim any ongoing obligation to notify you of all of the potential risks of using and accessing our Services. You acknowledge there is a real risk that assets deposited into the protocol and Protocol related tokens: YUSD, YETI, and vault tokens may suffer complete and permanent economic loss should the protocol’s technical or economic mechanisms suffer catastrophic failure. You acknowledge that the terms of the Protocol may change at any time for any reason included but not limited to protocol fees, rewards, and accessibility. You agree to (defined below) accept these risks and agree that you will not seek to hold any Sapiens Research Indemnified Party responsible for any consequent losses. You are solely responsible for the security of your wallet. You understand and agree that you are solely responsible for maintaining the security of your wallet. Any unauthorized access to your wallet by third parties could result in the loss or theft of any cryptoasset, or any funds held in your account and any associated accounts. You understand and agree that we have no involvement in, and you will not hold us responsible for managing and maintaining the security of your wallet. You further understand and agree that we are not responsible, and you will not hold us accountable, for any unauthorized access to your wallet. It is your responsibility to monitor your wallet. We reserve the right to restrict your access from engaging with the Services. You agree that we have the right to restrict your access to the Services via any technically available methods if we suspect, in our sole discretion, that (a) you are using the Services for money laundering or any illegal activity; (b) you have engaged in fraudulent activity; (c) you have acquired cryptoassets using inappropriate methods, including the use of stolen funds to purchase such assets; (d) you are the target of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council, the European Union, Her Majesty’s Treasury, or any other legal or regulatory authority in any applicable jurisdiction; (e) either you, as an individual or an entity, or your wallet address is listed on the Specially Designated Nationals and Blocked Persons List (“SDN List”), Consolidated Sanctions List (“Non-SDN Lists), or any other sanctions lists administered by OFAC; (f) you are located, organized, or resident in a country or territory that is, or whose government is, the subject of sanctions, including but not limited to Côte d’Ivoire, Cuba, Belarus, Iran, Iraq, Liberia, North Korea, Sudan, and Syria; or (g) you have otherwise acted in violation of these Terms. If we have a reasonable suspicion that you are utilizing the Site for illegal purposes, we reserve the right to take whatever action we deem appropriate. We do not guarantee the quality or accessibility of the Services. As a condition to accessing or using the Services or the Site, you acknowledge, understand, and agree that from time to time, the Site and the Services may be inaccessible or inoperable for any reason, including, but not limited to equipment malfunctions, periodic maintenance procedures or repairs, causes beyond our control or that we could not reasonably foresee, disruptions and temporary or permanent unavailability of underlying blockchain infrastructure or unavailability of third-party service providers or external partners for any reason. You acknowledge and agree that you will access and use the Services, including, without limitation, the Site at your own risk. You should not engage in blockchain-based transactions unless it is suitable given your circumstances and financial resources. By using the Services, you represent that you have been, are and will be solely responsible for conducting your own due diligence into the risks of a transaction and the underlying smart contracts and cryptoassets. 3. **Privacy** We care about your privacy. We use safeguards to preserve the integrity and security of your and aggregate data. However, we cannot guarantee that unauthorized third parties will never be able to obtain or use your PII or aggregate data for improper purposes. You acknowledge that you provide your PII and aggregate data at your own risk, and that we will comply with all valid subpoena requests. By accessing and using the Interface, you understand and consent to our collection, use, and disclosure of your PII and aggregate data. 4. **Taxes** You are responsible for your taxes and duties. Users bear sole responsibility for paying any and all taxes, duties, and assessments now or hereafter claimed or imposed by any governmental authority associated with their use of the Services, and/or payable as the result of using and/or exploiting any cryptoassets and interacting with smart contracts. Blockchain-based transactions are novel, and their tax treatment is uncertain. 5. **Prohibited Content** You may only use the Services if you comply with this Agreement (including, without limitation, these Terms), applicable third-party policies, and all applicable laws, rules, regulations and related guidance. The following conduct is prohibited: using the Services for, or to promote or facilitate, illegal activity (including, without limitation, money laundering, financing terrorism, tax evasion, buying or selling illegal drugs, contraband, counterfeit goods, or illegal weapons); exploiting the Services for any unauthorized commercial purpose; uploading or transmitting viruses, worms, Trojan horses, time bombs, cancel bots, spiders, malware or any other type of malicious code that will or may be used in any way that will affect the functionality or operation of the Services; attempting to or actually copying or making unauthorized use of all or any portion of the Services, including by attempting to reverse compile, reformatting or framing, disassemble, reverse engineer any part of the Services; harvesting or otherwise collecting information from the Services for any unauthorized purpose; using the Services under false or fraudulent pretenses or otherwise being deceitful; interfering with other users’ access to or use of the Services; interfering with or circumventing of the security features of the Services or any third party’s systems, networks or resources used in the provision of Services; engaging in any attack, hack, denial-of-service attack, interference, or exploit of any smart contract in connection with use of the Service (and operations performed by a user that are technically permitted by a smart contract may nevertheless be a violation of our Agreement, including these Terms, and the law); or engaging in any anticompetitive behavior or other misconduct. Violating our rules may result in our intervention. You agree and acknowledge that if you use the Services to engage in conduct prohibited by applicable law, permanently reserve the right to completely or partially restrict or revoke your access to the Services, either completely or for a period of time, at our sole discretion. We reserve the right to amend, rectify, edit, or otherwise alter transaction data to remediate or mitigate any damage caused either to us or to any other person as a result of a user’s violation of this Agreement or applicable law. We reserve the right to investigate violations. We reserve the right to investigate and prosecute any suspected breaches of this Agreement, including the Terms. We may disclose any information as necessary to satisfy any law, regulation, legal process, or governmental request. 6. **Disclaimers and Limitations of Liability** **We make no representations or warranties.** THE SERVICES ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS. WE AND OUR PARENTS, SUBSIDIARIES, AFFILIATES, RELATED COMPANIES, OFFICERS, DIRECTORS, CONTRACTORS, EMPLOYEES, AGENTS, REPRESENTATIVES, PARTNERS, AND LICENSORS (COLLECTIVELY, THE “SAPIENS RESEARCH INDEMNIFIED PARTIES”) MAKE NO GUARANTEES OF ANY KIND IN CONNECTION WITH THE SERVICES. TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, THE SAPIENS RESEARCH INDEMNIFIED PARTIES DISCLAIM ALL WARRANTIES AND CONDITIONS, WHETHER EXPRESS OR IMPLIED, OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT AND DISCLAIM ALL RESPONSIBILITY AND LIABILITY FOR: * THE SERVICES BEING ACCURATE, COMPLETE, CURRENT, RELIABLE, UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE. INFORMATION (INCLUDING, WITHOUT LIMITATION, THE VALUE OR OUTCOME OF ANY TRANSACTION) AVAILABLE THROUGH THE SERVICE IS PROVIDED FOR GENERAL INFORMATION ONLY AND SHOULD NOT BE RELIED UPON OR USED AS THE SOLE BASIS FOR MAKING DECISIONS. ANY RELIANCE ON THE SERVICES IS AT YOUR OWN RISK. * INJURY OR DAMAGE RESULTING FROM THE SERVICES. FOR EXAMPLE, YOU EXPRESSLY ACKNOWLEDGE, UNDERSTAND, AND AGREE there is a real risk that assets deposited into the protocol and Protocol related tokens: YUSD, YETI, and vault tokens may suffer complete and permanent economic loss should the Protocol’s technical or economic mechanisms suffer catastrophic failure. YOU EXPRESSLY ACKNOWLEDGE THAT THE SAPIENS RESEARCH INDEMNIFIED PARTIES ARE NOT RESPONSIBLE FOR LOSS OR DAMAGE CAUSED BY ANOTHER USER’S CONDUCT, UNAUTHORIZED ACTORS, OR ANY UNAUTHORIZED ACCESS TO OR USE OF THE SERVICES. * VIRUSES, WORMS, TROJAN HORSES, TIME BOMBS, CANCEL BOTS, SPIDERS, MALWARE OR OTHER TYPE OF MALICIOUS CODE THAT MAY BE USED IN ANY WAY TO AFFECT THE FUNCTIONALITY OR OPERATION OF THE SERVICES. **Limitation of Liability.** TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY SAPIENS RESEARCH INDEMNIFIED PARTY BE LIABLE TO YOU FOR ANY LOSS, DAMAGE, OR INJURY OF ANY KIND INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, EXEMPLARY, CONSEQUENTIAL, OR PUNITIVE LOSSES OR DAMAGES, OR DAMAGES FOR SYSTEM FAILURE OR MALFUNCTION OR LOSS OF PROFITS, DATA, USE, BUSINESS OR GOOD-WILL OR OTHER INTANGIBLE LOSSES, ARISING OUT OF OR IN CONNECTION WITH: (A) THE SERVICES OR YOUR INABILITY TO USE OR ACCESS THE SERVICES; (B) MISUSE OF THE SERVICES (INCLUDING WITHOUT LIMITATION, UNAUTHORIZED ACCESS OF THE SERVICES); (C) ANY USER CONDUCT ON THE SERVICES; OR (D) TERMINATION, SUSPENSION OR RESTRICTION OF ACCESS TO ANY THE SERVICES. IN ADDITION TO THE FOREGOING, NO SAPIENS RESEARCH INDEMNIFIED PARTY SHALL BE LIABLE FOR ANY DAMAGES CAUSED IN WHOLE OR IN PART BY: (A) USER ERROR, SUCH AS FORGOTTEN PASSWORDS OR INCORRECTLY CONSTRUCTED SMART CONTRACTS OR OTHER TRANSACTIONS; (B) SERVER FAILURE OR DATA LOSS; (C) THE MALFUNCTION, UNEXPECTED FUNCTION OR UNINTENDED FUNCTION OF THE BLOCKCHAIN, ANY COMPUTER OR CRYPTOASSET NETWORK (INCLUDING ANY WALLET PROVIDER), INCLUDING WITHOUT LIMITATION LOSSES ASSOCIATED WITH NETWORK FORKS, REPLAY ATTACKS, DOUBLE-SPEND ATTACKS, SYBIL ATTACKS, 51% ATTACKS, GOVERNANCE DISPUTES, MINING DIFFICULTY, CHANGES IN CRYPTOGRAPHY OR CONSENSUS RULES, HACKING, OR CYBERSECURITY BREACHES; (D) ANY CHANGE IN VALUE OF ANY CRYPTOASSET; (E) ANY CHANGE IN LAW, REGULATION, OR POLICY; (VI) EVENTS OF FORCE MAJEURE; OR (F) ANY THIRD PARTY. THIS LIMITATION OF LIABILITY IS INTENDED TO APPLY WITHOUT REGARD TO WHETHER OTHER PROVISIONS OF THESE TERMS HAVE BEEN BREACHED OR HAVE PROVEN INEFFECTIVE. THE LIMITATIONS SET FORTH IN THIS SECTION SHALL APPLY REGARDLESS OF THE FORM OF ACTION, WHETHER THE ASSERTED LIABILITY OR DAMAGES ARE BASED ON CONTRACT, INDEMNIFICATION, TORT, STRICT LIABILITY, STATUTE, OR ANY OTHER LEGAL OR EQUITABLE THEORY, AND WHETHER OR NOT THE SAPIENS RESEARCH INDEMNIFIED PARTIES HAVE BEEN INFORMED OF THE POSSIBILITY OF ANY SUCH DAMAGE. IN NO EVENT WILL THE SAPIENS RESEARCH INDEMNIFIED PARTIES’ CUMULATIVE LIABILITY TO YOU OR ANY OTHER USER, FROM ALL CAUSES OF ACTION AND ALL THEORIES OF LIABILITY EXCEED ONE THOUSAND U.S. DOLLARS (U.S. $1,000.00). UNDER NO CIRCUMSTANCES SHALL ANY SAPIENS RESEARCH INDEMNIFIED PARTY BE REQUIRED TO DELIVER TO YOU ANY VIRTUAL CURRENCY AS DAMAGES, MAKE SPECIFIC PERFORMANCE, OR ANY OTHER REMEDY. IF YOU WOULD BASE YOUR CALCULATIONS OF DAMAGES IN ANY WAY ON THE VALUE OF VIRTUAL CURRENCY, YOU AND WE AGREE THAT THE CALCULATION SHALL BE BASED ON THE LOWEST VALUE OF THE VIRTUAL CURRENCY DURING THE PERIOD BETWEEN THE ACCRUAL OF THE CLAIM AND THE AWARD OF DAMAGES. Some jurisdictions do not allow the exclusion or limitation of certain warranties and liabilities provided in this section; accordingly, some of the above limitations and disclaimers may not apply to you. To the extent applicable law does not permit Sapiens Research. Indemnified Parties to disclaim certain warranties or limit certain liabilities, the extent of Sapiens Research Indemnified Parties’ liability and the scope of any such warranties will be as permitted under applicable law. 7. **Indemnification** You agree to indemnify, defend, and hold harmless the Sapiens Research Indemnified Parties from any claim or demand, including reasonable attorneys’ fees, made by any third party due to or arising out of: (a) your breach or alleged breach of the Agreement (including, without limitation, these Terms); (b) anything you contribute to the Services; (c) your misuse of the Services, or any smart contract and/or script related thereto; (d) your violation of any laws, rules, regulations, codes, statutes, ordinances, or orders of any governmental or quasi-governmental authorities; (e) your violation of the rights of any third party, including any intellectual property right, publicity, confidentiality, property, or privacy right; (f) your use of a third-party product, service, and/or website; or (g) any misrepresentation made by you. We reserve the right to assume, at your expense, the exclusive defense and control of any matter subject to indemnification by you. You agree to cooperate with our defense of any claim. You will not in any event settle any claim without our prior written consent. 8. **Arbitration Agreement and Waiver of Rights, Including Class Actions.** PLEASE READ THIS SECTION CAREFULLY: IT MAY SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS. IT CONTAINS PROCEDURES FOR MANDATORY BINDING ARBITRATION AND A CLASS ACTION WAIVER. **Agreement to Attempt to Resolve Disputes Through Good Faith Negotiations** Prior to commencing any legal proceeding against us of any kind, including an arbitration as set forth below, you and we agree that we will attempt to resolve any dispute, claim, or controversy between us arising out of or relating to the agreement or the Services (each, a “Dispute” and, collectively, “Disputes”) by engaging in good faith negotiations. Such good faith negotiations require, at a minimum, that the aggrieved party provide a written notice to the other party specifying the nature and details of the Dispute. The party receiving such notice shall have thirty (30) days to respond to the notice. Within sixty (60) days after the aggrieved party sent the initial notice, the parties shall meet and confer in good faith by videoconference, or by telephone, to try to resolve the Dispute. If the parties are unable to resolve the Dispute within ninety (90) days after the aggrieved party sent the initial notice, the parties may agree to mediate their Dispute, or either party may submit the Dispute to arbitration as set forth below. **Agreement to Arbitrate** You and we agree that any Dispute that cannot be resolved through the procedures set forth above will be resolved through binding arbitration in accordance with the International Arbitration Rules of the International Centre for Dispute Resolution. The place of arbitration shall be the British Virgin Islands. The language of the arbitration shall be English. The arbitrator(s) shall have experience adjudicating matters involving Internet technology, software applications, financial transactions and, ideally, blockchain technology. The arbitrator’s award of damages must be consistent with the terms of the “Limitation of Liability” subsection of these Terms as to the types and amounts of damages for which a party may be held liable. The prevailing party will be entitled to an award of their reasonable attorney’s fees and costs. Except as may be required by law, neither a party nor its representatives may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of (all/both) parties. UNLESS YOU TIMELY PROVIDE US WITH AN ARBITRATION OPT-OUT NOTICE (AS DEFINED BELOW IN THE SUBSECTION TITLED “YOUR CHOICES”), YOU ACKNOWLEDGE AND AGREE THAT YOU AND WE ARE EACH WAIVING THE RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS ACTION OR REPRESENTATIVE PROCEEDING. FURTHER, UNLESS BOTH YOU AND WE OTHERWISE AGREE IN WRITING, THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON’S CLAIMS AND MAY NOT OTHERWISE PRESIDE OVER ANY FORM OF ANY CLASS OR REPRESENTATIVE PROCEEDING. Changes By rejecting any changes to these Terms, you agree that you will arbitrate any Dispute between you and us in accordance with the provisions of this section as of the date you first accepted these Terms (or accepted any subsequent changes to these Terms). 9. **Waiver of Injunctive or Other Equitable Relief.** TO THE MAXIMUM EXTENT PERMITTED BY LAW, YOU AGREE THAT YOU WILL NOT BE PERMITTED TO OBTAIN AN INJUNCTION OR OTHER EQUITABLE RELIEF OF ANY KIND, SUCH AS ANY COURT OR OTHER ACTION THAT MAY INTERFERE WITH OR PREVENT THE DEVELOPMENT OR EXPLOITATION OF THE SERVICES, OR ANY OTHER WEBSITE, APPLICATION, CONTENT, SUBMISSION, PRODUCT, SERVICE, OR INTELLECTUAL PROPERTY OWNED, LICENSED, USED OR CONTROLLED BY ANY SAPIENS RESEARCH INDEMNIFIED PARTY. 10. **Termination; Cancellation** This Agreement is effective unless and until terminated by either you or us. You may terminate your Agreement with us at any time by ceasing all access to the Site, Protocol and/or the Services. If, in our sole judgment, you fail, or we suspect that you have failed, to comply with any term or provision of the Agreement (including without limitation any provision of these Terms), we reserve the right to terminate our Agreement with you and deny you access to the Services. We further reserve the right to restrict your access to the Site or to stop providing you with all or a part of the Services at any time and for no reason, including, without limitation, if we reasonably believe: (a) your use of the Services exposes us to risk or liability; (b) you are using the Services for unlawful purposes; or (c) it is not commercially viable to continue providing you with our Services. All of these are in addition to any other rights and remedies that may be available to us, whether in equity or at law, all of which we expressly reserve. WE RESERVE THE RIGHT TO MODIFY THE SERVICES AT ANY TIME, BUT WE HAVE NO OBLIGATION TO UPDATE THE SERVICES. YOU AGREE THAT IT IS YOUR RESPONSIBILITY TO MONITOR CHANGES TO THE SERVICES THAT MAY AFFECT YOU. YOU AGREE THAT WE MAY REMOVE THE SERVICES AND/OR ANY CONTENT THEREON FOR INDEFINITE PERIODS OF TIME OR CANCEL THE SERVICES AT ANY TIME, WITHOUT NOTICE TO YOU. 11. **Severability:**\ \ If any provision of the Agreement (including, without limitation, these Terms) is determined to be unlawful, void, or unenforceable, such provision shall nonetheless be enforceable to the fullest extent permitted by applicable law, and the unenforceable portion shall be deemed to be severed from the Agreement. Such determination shall not affect the validity and enforceability of any other remaining provisions.
12. **Assignment** \ The Agreement (including, without limitation, these Terms) may be assigned without your prior consent to any Sapiens Research Indemnified Party, or to its successors in the interest of any business associated with the Services provided by us. You may not assign or transfer any rights or obligations under the Agreement without our prior written consent.
13. **Entire Agreement** \ \ The Agreement (including, without limitation, these Terms, and the Sapiens Research Privacy Policy) and any policies or operating rules posted by us on the Services constitute the entire agreement and understanding between you and us and govern your use of the Services, superseding any prior or contemporaneous agreements, communications, and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of these Terms). Any failure by us to exercise or enforce any right or provision of the Agreement (including, without limitation, these Terms) shall not constitute a waiver of such right or provision.
14. **Governing Law** \ \ These Terms and any separate agreements whereby we provide you Services shall be governed by and construed in accordance with the laws of the British Virgin Islands.
15. **No Fiduciary Duties**\ \ This Agreement is not intended to, and does not, create or impose any fiduciary duties on us. To the fullest extent permitted by law, you acknowledge and agree that we owe no fiduciary duties or liabilities to you or any other party, and that to the extent any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated. You further agree that the only duties and obligations that we owe you are those set out expressly in this Agreement. # Borrowing 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. ## Borrowing on Yeti Finance With Yeti Finance, users can borrow against their portfolio of assets with a single loan. Open your position (Trove) by depositing any tokens onto the Yeti Finance platform and borrowing YUSD, an overcollateralized hard-pegged stablecoin. Depositors not only keep their farming and staking rewards on yield-bearing assets, but also borrow YUSD to either stake ad provide liquidity. To learn more about how borrowing on Yeti Finance works, please refer to the technical documentations [here](https://techdocs.yeti.finance/how-does-yeti-finance-work/borrowing). To get started, head over to ![](/files/g7ivZYt9md2S92ElSDOR) ## # Setting up Metamask How to set up Avalanche Network on Metamask to access Yeti Finance ### Step 1: Install MetaMask If you have not yet installed MetaMask on your Chrome, Brave or Firefox browser, please do so via [**this link**](https://metamask.io/). Make sure to save your seed phrase in a secure location. In no circumstance should you share your seed phrase with anyone. Keep in mind that the Yeti team will never ask for your private key or seed phrase! ### Step 2: Add Avalanche Mainnet[​](https://docs.avax.network/build/tutorials/smart-contracts/deploy-a-smart-contract-on-avalanche-using-remix-and-metamask/#step-1-setting-up-metamask) Log in to MetaMask -> Click the Network drop-down -> Select Custom RPC (or Add Network)
**Copy and Paste in Avalanche FUJI Testnet Settings:**[**​**](https://docs.avax.network/build/tutorials/smart-contracts/deploy-a-smart-contract-on-avalanche-using-remix-and-metamask/#fuji-testnet-settings) * **Network Name**: Avalanche Network * **New RPC URL**: * **ChainID**: `43114` * **Symbol**: `AVAX` * **Explorer**: ![](/files/tg3Rdy3CU66YzKlm6CQv) ### Step 3: Funding your C-Chain address To use the Avalanche Network, you must have AVAX in your Metamask wallet for transaction gas fees. Head over to centralized exchanges such as Coinbase, Kucoin, or Gate.io and withdraw AVAX into your Metamask wallet. Now you can start borrowing against your favorite assets on Yeti Finance! # Opening a Trove This page will explain how to open a Trove and borrow YUSD ## **Depositing Collateral and Borrowing YUSD** Head over to to get started. ![](/files/MyNP5jWkgidKdA7s97yK) To open your Trove, Click **Add Collateral Type** ![](/files/zBx3qofISpsfDJNdgRmb) A modal will popup with different collateral types that you can deposit onto Yeti Finance as well as the associated **Safety Ratio** and **Wallet Balance**. ![](/files/1mNxhAtX8kMw0NLO3e5j) Across the top, you will see: * **Token -** The name of the tokens you can use as collateral to borrow YUSD. * **Safety Ratio -** This is related to how risky a collateral is. Stablecoin collateral will have a ratio of between 1 and 1.1 while all non-stablecoin collaterals will have a safety ratio between 0 and 1. Higher-risk collaterals have a lower safety ratio and are given a lower weight when calculating the risk adjusted value of your trove. * Risk Adjusted Value = Safety Ratio \* Price \* Collateral Amount. * More details [here](/other/definitions). * **Wallet Balance -** The amount of each collateral type you have in your connected wallet. ### Adding Collateral Types To add a collateral type, select the collaterals you want to add to your trove, and click **Add**. ![](/files/kvwIK2PYxCK85ZNPswVS) ### Adjusting Your Trove ![](/files/FbZAD3mS4hEOQvOs0Lqk) Now, you can see the addition of your **Deposit Fee**, **APY**, **Wallet Balance, Actions,** and **Adjusted Trove Amount** for each collateral type you have added. * **Deposit Fee** - This represents the approximate one-time fee that the protocol will charge for depositing collateral into Yeti Finance. This is separate from the one-time borrowing fee which is assessed on YUSD debt. At launch, all collateral deposit fees will be 1% until enough assets have backed the system. More info about fee specifics for each collateral can be found [*here*](/using-yeti-finance/borrowing/variable-deposit-fees). * **APY** - The estimated annual percentage yield gained from depositing yield bearing assets. You will still earn the estimated APY from your yield-bearing tokens that are deposited in your Trove! For non yield-bearing tokens, the APY will say N/A. * **Actions** - The column to adjust the amount of each collateral you want to put in your trove. Click between the deposit and withdraw buttons and enter the necessary amount. * **Adjust Trove Amount** - The amount of each collateral your Trove would have after adjustments. ### How to use the Actions Column Use the Actions column to adjust how much of each collateral you are willing to deposit or withdraw. **Press the green 'Deposit' button for deposits and the red 'Withdraw' button for withdrawals** (i.e the picture below shows a case where $1500 is being withdrawn for the top collateral type and $1,500 is being deposited the bottom collateral type) ![](/files/uCGSN8pJFVT3eE9AmqKm) To borrow or withdraw YUSD, use the **Actions** column to adjust the borrow amount and click **Confirm Changes** on the bottom right of the site. ![](/files/AtuSWIgPoWdfQNglDw38) **New Risk Adjusted Value** and **New Collateral Ratio** are there to visually represent what your updated value of your Trove weighted by risk would be, as well as the ratio between the risk-adjusted value of your Trove over your debt in YUSD. Keep in mind that in order to open a Trove, **you must borrow a minimum of 2000 + fees in YUSD** ### Confirming Changes Once you click **Confirm Changes**, another modal will pop up like the image below. ![](/files/WfJD0qQwhcvNmLnF58Uw) It's a quick summary that displays the collateral types and the respective amounts that you're depositing/withdrawing, how much YUSD you are borrowing/repaying, and all the fees associated with this process. Be sure to read and check the two statements before you approve of the changes! When you're ready, click **Confirm** to finish the borrowing process. To learn more about how to manage your trove after opening it, head over to [Managing Your Trove](/using-yeti-finance/borrowing/managing-your-trove). # Managing Your Trove This page will explain to manage your Trove. ## Your Trove ![](/files/wtxIH4vYhlVrEwoRdnsT) After depositing collateral and borrowing YUSD, the **Trove** section should appear. It shows Trove stats such as **Total Collateral** and **Total Borrowed**. It also shows your Trove's **Collateral Ratio** and **Safety Rating**. Remember to keep the collateral ratio of your Trove **above 110% to avoid liquidations**. * **Total Collateral** - Total value in [Risk-Adjusted Value](/other/definitions) and USD of all collateral in your Trove. * **Total Borrowed** - Your total amount of YUSD borrowed. You must pay back this amount to close your Trove. * **Trove Safety Rating** - A rating between 0 and 100 that represents how safe your Trove when factoring in the weight in stablecoins. The higher the number, the safer your Trove is deemed. If a large portion of your Trove is in stables, the safety rating is higher. * **Collateral Ratio** - The Total Collateral divided by Total Borrowed (must be over 110% to avoid liquidations). The higher the collateral ratio, the safer your position. ### Closing your Trove If you ever want to exit your position, make sure that you have enough YUSD to return the **Total Borrowed** amount and click the **Close Trove** button. To get additional YUSD to close your Trove, you can purchase YUSD on Curve or Trader Joe to get the additional YUSD. Learn how to buy YUSD on [How to get YETI/YUSD](broken://pages/C7tJlbwgB6XDTr06SDDY). When the bar is green and filled like the image below, it means your Trove's collateral ratio is high and not close to the minimum collateral ratio. ![](/files/1pbCfAVJmbpvsLluZuLS) When the bar is red and not filled, it means your Trove is less safe and is in a closer position of getting liquidated. ![](/files/HkgTSabU3fuKHTKtI97T) Clicking the **Close Trove** button will open a modal that will allow you to reclaim your collateral. Repay the borrowed YUSD amount and check the two statements to close the **Trove**. Remember that you will need enough YUSD in your wallet to repay your YUSD debt. ![](/files/KLeuRsyQRYw16xaaUwKG) You can always manage your Trove on the **Borrow** page! If you ever need to adjust your collateral amount or borrow more YUSD, you can do so easily with the same process highlighted in [Adjusting Your Trove](/using-yeti-finance/borrowing/opening-a-trove#adjusting-your-trove). # Variable Deposit Fees This page explains the one time deposit fee in more detail. ### What is a Deposit Fee? When depositing collateral into the Yeti Finance system, there is a one-time variable deposit fee dependent on the [backing percent](/other/definitions) of that collateral. This fee is separate from the YUSD borrow fee. This fee is in place to limit the amount of collateral which can be borrowed based on the risk and de-incentivize too much risky collateral from backing YUSD. This is a more market driven approach as opposed to Abracadabra's strategy of having hard caps on risky collateral types. For instance, as risky collateral starts to back more than 1% of the system, the deposit fee for that collateral quickly increases and can naturally encourage more collateral diversity. ![](/files/lklgTHSQ4VMm7BcALNzY) ### What are the deposit fees on Yeti? These are some examples of collaterals and their associated fees based on risk. The fee explanation section will describe how the variable deposit fee would scale with backing percent. These fee parameters were established in collaboration with our[ economic auditors](/other/protocol-security).
TokenToken class / riskFee explanation
WAVAXLow risk assetLow fee throughout slowly scaling from 0.25-1%
qiUSDCYield bearing stablecoin Low fee throughout slowly scaling from 0.25-1%
WETHMedium-low risk assetLow fee for first 50%, scaling up from there to higher percentages
JOEMedium risk assetLow fee up to 5% backing, scaling up to significant fee amounts
DANGERHigh risk assetLow fee up to 0.5% backing, scaling up quickly to significant fee amounts
An example of some fee options for a medium risk asset: ![](/files/w9W1PMpEkX11njqAu1lT) Fees are calculated for each asset as Risk-Adjusted Value of Collateral \* fee %, and the deposit fee is added to the trove's YUSD debt. ### What will deposit fees look like at launch? At launch, the one-time deposit fee will be static and not dependent on backing percent. This is to allow users to deposit more collateral into the system without the punishment of affective the backing percent. Once the system obtains a wide variety of different collateral types and amounts, the variable deposit fee will be enabled. The team will be monitoring the system and enable variable deposit fees once enough liquidity is in the protocol. For information on what the deposit fees will be at launch, check the table below. | Token | Deposit Fee | Effective MCR | | ----------- | ----------- | ------------- | | WAVAX | 0.25% | 110% | | WETH.e | 0.25% | 110% | | WBTC.e | 0.25% | 110% | | USDC | 0.2% | 103% | | qiUSDC | 0.2% | 105% | | qiETH | 0.25% | 115% | | qiBTC | 0.25% | 115% | | qiAVAX | 0.25% | 115% | | AVAX-USDC | 0.5% | 115% | | WETH.e-AVAX | 0.5% | 115% | | av3CRV | 0.3% | 110% | # Interest Please review all protocol documentation and our DISCLAIMERS: RISK OF USING PROTOCOL page before using the Yeti Finance protocol and/or interacting with YETI or the YUSD token. #### How are interest rates calculated for each trove? Interest rates differ per collateral, and a user's interest rate depends on their collateral makeup. Imagine collateral 1 comprises 25% of a user's trove, and collateral 2 comprises 75%. C1 has an interest rate of 1%, and C2 has an interest rate of 2%. The user's composite interest rate would be: 25% \* 1% + 75% \* 2% = 1.75%. So, their debt would be charged 1.75% per day, until they adjust their trove and their ratios can change. **When is interest applied?** Interest rates are applied once per day autonomously. This means that once one day has passed, the next action in the protocol will apply interest, for everyone. There is also an external function which anyone can call to tick the interest, once a day has passed. # GLP Trove Deposit Please review all protocol documentation and our DISCLAIMERS: RISK OF USING PROTOCOL page before using the Yeti Finance protocol and/or interacting with YETI or the YUSD token. **How is GLP different than other collaterals?** GLP will have a slightly different process for depositing compared to other assets. You will need to first mint the GLP vault token, then you can deposit it into your trove. There is a maximum of $500k GLP to be deposited before collateral gating kicks in. If that limit is hit, this page will be documented with more information on collateral gating. For other collaterals, your asset is automatically deposited for you. But GLP has a two-step process. The Yeti Vault GLP represents an increasing amount of underlying GLP. The ratio will increase over time based on rewards accrued from GMX. The balance shown on the "Mint GLP" page is the amount of GLP you have. The balance shown on the dashboard/borrow page is your Vault GLP balance. The general flow is: GLP -> Vault GLP -> Trove. **Steps to deposit GLP into your trove:** 1. Obtain GLP on the GMX website. 2. Wait 15 minutes for the transfer window (See [here](https://gmxio.gitbook.io/gmx/contracts#transferring-staked-glp) for more information on the GMX docs) 3. Head over to the dashboard/borrow page on 4. Open the mint modal 5. Approve and mint Vault GLP 6. Approve and Deposit Vault GLP into your trove. # Yeti Calculator This page will explain how to navigate through the Yeti Finance Calculator ## What is the Yeti Calculator? The Yeti Calculator is the best way to visually see all the factors involved when opening or managing a Trove. We recommend playing around with the Yeti Calculator before opening serious positions on Yeti Finance. {% hint style="info" %} The Yeti Calculator is not by any means financial advice or a replacement for proper research. {% endhint %} Instead, use the Yeti Calculator to visualize possible liquidation scenarios rather than forgoing research. To get started, head over to . ![](/files/NPZAxEVKXMCkpP6QRdRX) ### Trove Collateral Simulator The **Trove Collateral Simulator** can be used to simulate different collateral price impacts on your Trove. {% hint style="info" %} If you've already opened a Trove, the default state would show the collaterals and balances in your Trove. {% endhint %} Hit **Add Collateral Type** to start adding different collaterals to the Yeti Calculator. ![](/files/3OjvVvObsRbLF3gdIEgr) * **Collateral** - The names of collateral in your Trove/simulation. * **Balance** - The number of each tokens in your Trove. * **Current Price** - The market price of the collateral asset. * **Price Slider** - Simulate the price changes of the collateral in your Trove. * **Price** - The simulated price of the collateral in your Trove. * **Safety Ratio** - The ratio that weights the collateral based on risk. Higher-risk collaterals have a lower safety ratio and are given a lower weight when calculating the risk adjusted value of your trove. * **Risk Adjusted Value** - The weighted value of your collateral based on safety ratio. Risk Adjusted Value = Balance \* Price \* Safety Ratio. ### Add Collateral Type The **Add Collateral Type** modal will pop up and show **Token,** **Safety Ratio**, and **Wallet Balance**. Select the collaterals you want to play around with and hit the Add button afterwards. ![](/files/LxKwqN16xxMnOi1ybTLd) Afterwards, you can see all the different collateral types you have added. Now you can play around by changing the balances for each collateral and either use the slide to adjust the prices or enter an amount in the boxes. Remember that **Weighted Collateral Value** is equal to the Balance \* Price \* Safety Ratio of the collateral in your Trove. ![](/files/kWXNwZmDINiWGPoS4R31) Click the **Reset** button to go back to the default state. If you have a Trove open, the default state would be the assets and the amount in your Trove. ![](/files/tsJ0ZUrQukdTCSnF8HZe) ## Overall Stats The Overall Stats section shows **Overall Trove Stats**, **Debt**, **Summary**, **Total Weighted Collateral Value**, **Total YUSD Debt**, and **Individual Collateral Ratio**. Adjust the **Overall Trove Stats** and **Debt** to see changes in your **Total Weighted Collateral Value** and **Individual Collateral Ratio.** ![](/files/kiDUsXLgULZqhy1wSDtH) * **Overall Trove Stats** - A slider that simulates the overall change of your Trove excluding stablecoins. * **Debt** - A slider to adjust the amount of YUSD you can borrow, with the bounds being the minimum and maximum amount you can borrow. * **Total Risk Adjusted Value** - The total weighted value of the Trove based on risk. * **Individual Collateral Ratio** - Your Trove's collateral ratio and the Risk Adjusted Value of your Trove over the total YUSD debt. Remember to keep it above 110% to avoid liquidations. * **Summary** - The summary explains the percentage that your simulated Trove would have to decrease by to liquidatable. # The Dashboard This page will give a description of the DASHBOARD page. ## Dashboard The **Dashboard** displays a quick overview of the **Borrow**, **Pool**, and **Stake** Tabs. Refer to the dashboard to see all your positions neatly in one place. ![](/files/cuBogM2jspiI5fc5kOia) ### Borrow Summary The **Borrow Summary** highlights your **Collateralization Ratio**, **Borrowed YUSD**, and **Total Collateral**. It also displays the **System Collateral Ratio**. If you want to learn more the importance of the system collateral ratio, click [here](https://techdocs.yeti.finance/how-does-yeti-finance-work/recovery-mode#what-is-the-total-collateral-ratio-1). To learn more about how to adjust your Trove, add collateral types, or borrow YUSD, see the [Borrowing section ](/using-yeti-finance/borrowing)for more information. ![](/files/Gtud9vNh1Y6I0YQXUoGs) ### Pool Summary The **Pool Summary** highlights the amount of YUSD you have deposited in the **Stability Pool** and the amount of YUSD in your wallet. To learn more about how to deposit YUSD in the pool, go to [Stability Pool](broken://pages/ZZhmNoXLrPzSGS8yYN2G) for more information. ![](/files/XDZ8ULuu3iuT1MgHeyat) ### Stake Summary The **Stake Summary** highlights the amount of **veYETI** you've accumulated. Go to [Staking Yeti](broken://pages/bYj29WCtmLT86c9FKxVf) on how to stake Yeti and [Tokenomics](broken://pages/cHpnKM1RYEDIlZs0Bert) to learn about veYETI use cases. ![](/files/4Jt383knCBlsgCHPeuJQ) # Protocol Mechanisms 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. *Note: This is a simplified explanation of all the mechanisms and calculations that make up Yeti Finance. If you want to learn more, please visit our* [*Technical Documentation*](https://techdocs.yeti.finance/)*.* ### How does YUSD keep its $1 USD Peg? The ability to redeem YUSD for collateral at face value (i.e. 1 YUSD for $1 of collateral) and to mint YUSD against USDC at a minimum collateral ratio of 103% creates a price floor and price ceiling respectively through arbitrage opportunities. They create profit opportunities when YUSD moves off peg and those opportunities remain profitable until YUSD returns to peg. They help set bounds within which the YUSD price can deviate, at $1-redemption fee and $1.03. Additionally, the debt issuance fee increases during times of significant redemptions volume (implying YUSD is below $1). This makes borrowing less attractive and keeps new YUSD from entering the market, which reduces downward price pressure. **Peg Stability Module** The Peg Stability Module is a smart contract which allows for the swap of YUSD to USDC or USDC to YUSD at a 1 to 1 ratio before fees provided there is available capacity. USDC that is stored in the PSM is deposited into Aave. See more information about YUSD Price Stability [here](https://techdocs.yeti.finance/how-does-yeti-finance-work/redemptions-and-yusd-price-stability). ### What are redemptions? Redemptions are a process where a borrower's collateral is traded to the redeemer, and in return the redeemer pays down the borrower's debt. $X worth of collateral is traded for X YUSD. Redemptions **do not incur a loss for the borrowers**. If your trove is redeemed against, your trove's collateral ratio will improve, and you will be less at risk for liquidations. However, you will lose some exposure to the assets in your Trove. To compensate for this, **20% of the redemption fee is given back to the borrower.** Troves in Yeti Finance are ordered based on risk, and redemptions can only occur on the most risky Trove and go up from there. If you want to avoid being redeemed against, an easy way is to maintain a high collateral ratio relative to other troves in the system. Having a higher amount of stablecoins in your Trove allows for shielding against redemptions as well. See more information about Redemptions [here](https://techdocs.yeti.finance/how-does-yeti-finance-work/redemptions-and-yusd-price-stability#what-are-redemptions). ### How do liquidations work? To ensure YUSD remains fully backed by collateral, Troves that fall under the minimum collateral ratio of 110% will be closed and have its debt paid back externally or redistributed. The collateral of liquidated Troves are distributed among Stability Pool Providers who profit the \~10% difference in the collateral value and the debt. The Trove owner will keep the YUSD which will be worth less value than the collateral they lost. *Therefore, it is critical to keep your Trove's collateral ratio above 110%.* Anyone can liquidate a Trove as soon as it drops below the Minimum Collateral Ratio of 110%. The liquidator receives gas compensation of 200 YUSD + 0.5% of the liquidated collateral as reward for liquidation. See more information about Liquidations [here](https://techdocs.yeti.finance/how-does-yeti-finance-work/stability-pool-and-liquidations#what-are-liquidations). ### How does the Stability Pool work? The Stability Pool is a pool of YUSD which is used during liquidations to offset the debt from liquidated troves, maintaining the peg of YUSD and also the system solvency. When a Trove is liquidated, the amount of YUSD corresponding to the debt of the Trove is burned from the Stability Pool’s balance in exchange of the entire collateral from the Trove. Stability Pool depositors receive a share of liquidated collateral in exchange for their YUSD. See more information about Stability Pool mechanisms, and what happens when the stability pool is empty [here](https://techdocs.yeti.finance/how-does-yeti-finance-work/stability-pool-and-liquidations#what-is-the-stability-pool). Depositors are also incentivized with Yeti farming rewards. ### What is Recovery Mode? The most important invariant in our system is making sure YUSD is fully over-collateralized and redeemable. We offer very highly-capital efficient and low collateral ratio loans. But in order to preserve redeemability in all conditions, we also want to have some safer (more well-capitalized) loans in our system to offset the low-collateral-ratio loans. Recovery mode captures this idea. When the system's Total Collateral Ratio (TCR) drops below 150%, meaning that YUSD isn't as well-collateralized, the system moves into recovery mode. It goes back into Normal Mode once TCR goes back to above 150%. During Recovery Mode, Troves with an adjusted collateral ratio **below the TCR of the system** are eligible to be liquidated. Moreover, the system blocks borrower transactions that would further decrease the TCR. New YUSD may only be issued by adjusting existing Troves in a way that improves their collateral ratio, or by opening a new Trove with a collateral ratio >= 150%. **Stablecoin troves are still safe during recovery mode.** Since this uses Adjusted Collateral Ratio, troves with purely stablecoins as collateral are not subject to these conditions due to having a higher AICR. See tech docs for more information [here](https://techdocs.yeti.finance/how-does-yeti-finance-work/recovery-mode). Recovery Mode incentivizes borrowers to behave in ways that raise the TCR back above 150%. In order to be safe in all conditions, a user should maintain their Trove collateral ratio above the TCR, and even better, above 150%. Recovery mode is designed to encourage healthy and safe borrowing practices as it acts as a deterrent. The possibility of Recovery Mode inherently guides the system away from ever reaching it. Recovery Mode is not a desirable state but a necessary mechanism for the system. See more information about Recovery Mode [here](https://techdocs.yeti.finance/how-does-yeti-finance-work/recovery-mode#what-is-recovery-mode). ### How do collateral collateralrewards work? When you deposit collateral on Yeti Finance, you continue earning the asset rewards you normally receive; however, those asset rewards are automatically auto-compoiunded for you. Auto-compounding means the protocol sell the reward tokens back into the underlying asset. So for example, when you deposit Trader Joe LP tokens into Yeti Finance, we deposit them into the Trader Joe Master Chef contract to earn JOE yield. We periodically claim the JOE rewards and sell it for more JLP tokens. The protocol takes a small cut of these rewards. ### How does the protocol's cut of rewards work? On most collaterals, the protocol taks a small cut of the earned collaterals reward at the time of the auto-compound. | Collateral | Fee Model | | --------------------------------------------- | --------------------------------------------------------------------------------- | | Joe LP Tokens | Cut of JOE reward on auto-compound | | Curve av3CRV LP Tokens | Cut of WAVAX and CRV reward on auto-compound | | sJOE (coming soon) | Cut of USDC reward on auto-compound | | Aave Deposited Collateral (coming soon) | Cut of WAVAX reward (from Avalanche Rush) and yield on deposited collateral | | Benqi Deposited Collateral | Cut of QI, WAVAX rewards (from Avalanche Rush), and yield on deposited collateral | | Banker Joe Deposited Collateral (coming soon) | Cut of JOE and yield on deposited collateral | ### # Protocol Integrations This page will breakdown some of Yeti’s current protocol integrations, new and current users can review how Yeti Finance can be used in conjunction with protocols. **Aave V3 Integration** [Aave](https://aave.com/) is a decentralized lending protocol where users can provide liquidity to lending markets to earn a passive income. With our Aave integration, users can deposit and borrow against many assets they may have supplied on Aave including: aWAVAX, aWETH, aUSDC, aUSDT, aDAI. The aToken is a representation of an asset that is deposited into the Aave protocol. An aToken is given to the depositor in exchange for supplying the corresponding asset to Aave and functions to accrue value relative to the original asset through the token’s interest rate. Depositing any Aave assets into the Yeti Finance protocol unlocks immediate liquidity on Aave deposit tokens or (aTokens) as users can borrow against them at minimum collateral ratios as low as 105%. Users who deposit Aave V3 assets into Yeti Finance continue have their AVAX and supplier rewards that the aTokens accrue automatically auto-compounded and re-deposited in their trove.\ \ USDC stored in the peg stability module (PSM) is also deposited into Aave. **BENQI Finance** [BENQI](https://benqi.fi/) is a decentralized lending protocol where users can provide liquidity to lending markets to earn a passive income. BENQI also offers liquid staking wheich allows users to stake AVAX through BENQI to receive an equivalent value, liquid token called sAVAX. With our BENQI integration, we allow users to collateralize and borrow against BENQI assets like qiUSDC, qiAVAX, qiUSDT, qiDAI, qiWBTC, qiWETH, and sAVAX. The QiToken is a representation of an asset that is supplied to the BENQI protocol. It is given to the depositor for supplying assets to the protocol and functions to accrue value relative to the original asset through the token’s interest rate. Depositing any Qi assets into the Yeti Finance protocol unlocks a wide range of yield-farming strategies such as high leverage stablecoin farming.Depositors gain deep, immediate liquidity through being able to borrow against their yield-bearing aTokens at minimum collateral ratios 105%. Users who deposit BENQI assets into Yeti Finance continue have their AVAX/QI and supplier rewards that the aTokens accrue automatically auto-compounded and re-deposited in their trove. **Chainlink** Yeti has integrated Chainlink Price Feeds on Avalanche mainnet. By integrating the industry-leading decentralized oracle network, Yeti Finance has access to high-quality, tamper-proof price feeds needed to help ensure protocol solvency by enabling the accurate calculation of borrowers’ collateral value. Chainlink was used as the protocol Oracle solution because of its history and prominence as the go-to price oracle infrastructure. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans. # Definitions Yeti's Protocol Terminology ### Yeti Finance Terms **Trove** - A user may deposit a basket of assets and open a trove. It is used as backing to mint and withdraw YUSD. Each address may have only one trove and can actively manage it by borrowing more YUSD or repaying its YUSD debt. **Debt** - The amount of YUSD you have minted against the collateral in your Trove. **Deposit fee** - This is a one-time fee when collateral is deposited into Yeti. The fee amount varies depending on which collateral and its backing percentage. As backing percentage increases and if the collateral is higher risk, the deposit fee is higher. **Redemption Fee** - There is a one-time fee paid on redemptions. This fee is a minimum of 0.5%, with 0.1% going to the trove being redeemed against. **Safety Ratio** - Used as a weighting mechanism to give lower risk (less volatile, more liquid) collateral a higher weight in the system compared to higher risk collateral. A high safety ratio means more debt can be issued against the same dollar amount of the asset. More detail is available above in the **Risk-Adjusted Value** definition below. **Risk-Adjusted Value** - RAV value is a way for the system to weight collateral risk. For some dollar value of collateral, safer collateral has a RAV relative to risky collateral. The risk-adjusted value depends on the collateral's safety ratio. Safety ratios must be between 0 and 1.1. Stable collateral (i.e. qiUSDC, aUSDC, av3CRV) can have a safety ratio between 1 and 1.1, but all other collateral has a safety ratio between 0 and 1. {% hint style="info" %} Risk-Adjusted Value = Safety ratio \* Token amount \* Token Price in USD {% endhint %} * For example, I have 1000 JOE at a price of $2.75 with a safety ratio of 0.8. * Risk-Adjusted Value = 0.8 \* 1000 \* 2.75 = 2200 RAV **Individual Collateral Ratio** - Ratio of the Risk-Adjusted Value of a borrower's trove collateral compared to their debt. Troves are eligible for liquidation if their individual collateral ratio drops below 110%. {% hint style="info" %} Individual Collateral Ratio = RAV of Trove's Collateral / Debt in Trove {% endhint %} * For example, I have 1000 JOE at a price of $2.75 with a safety ratio of 0.8. This has a RAV of 2200. I have taken out 2000 YUSD in debt. * Individual Collateral Ratio = 2200 RAV / 2000 YUSD = 110% **Total Collateral Ratio** - The collateral ratio (TCR) of the entire protocol. When TCR is below 150% the system enters recovery mode. In recovery mode, Total Collateral Ratio (TCR) also weights safe collateral higher than high-risk collateral, similar to the way RAV works. The only difference is that stablecoins have a higher weighting in the TCR calculation than in the RAV calculation. {% hint style="info" %} TCR = Sum Over Collaterals(Collateral's System Ratio \* Collateral's Dollar Value) / Total YUSD Debt {% endhint %} **Backing percent** - How much of the protocol is backed by that particular asset. If the system has RAV of $1,000,000 and it has $10,000 RAV of JOE, then it has 1% backing percent of JOE. **Recovery Mode** - The system goes into recovery mode when the Total Collateral Ratio of the system is under 150%. The system blocks borrower transactions that would further decrease the TCR. This means that borrowers may not withdraw collateral or borrow YUSD during recovery mode. ### Other Useful Definitions **Stablecoin** - Stablecoins are cryptocurrencies that are designed to be stable in price. Often times their market values will be pegged to some external reference such as the US dollar. **Peg** - When something is pegged, it means that it is fixed to an amount at a particular level. For example, YUSD is pegged to 1 USD and should remain fixed to the price of 1 USD. **Annual percentage rate (APR)** - APR is expressed as a percentage that represents the monetary value or reward that investors are expected to earn. This includes any fees or additional cots associated, but does not take compounding into account. **Staking** - Staking is the process of locking up tokens in exchange for rewards or interest. By staking your assets, you support the blockchain network and help confirm transactions. **Arbitrage** - Arbitrage is the process of purchasing and selling the same asset in different markets in order to profit from the difference in the listed prices. By profiting through exploiting market inefficiencies, it inadvertently resolves the price in different markets. **High-risk collateral** - High-risk collateral refers to assets with high price volatility. These collateral types will have a lower safety ratio assigned to them because liquidation risk are higher due to fluctuations in price. # FAQ 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. ## Common Questions ### What differentiates Yeti Finance from other borrowing protocols? Yeti Finance is a next-gen borrowing protocol built on Avalanche. This innovative protocol enables users to borrow against their entire portfolio of crypto assets, while continuing to earn the rewards that their deposited assets generated. Unlock deep liquidity, borrow at the lowest collateral ratios, and borrow against your entire portfolio to gain better protection against liquidations. It is most often compared to Abracadabra + Liquity, combining the best of both protocols while innovating with key features like portfolio borrowing, improved risk mechanisms, and lower minimum collateral ratios. Our native stablecoin, YUSD, is also hard pegged with multiple mechanisms to keep the price of YUSD as stable as possible. Yeti Finance has gone through an extensive auditing process for any potential vulnerabilities and exploits. ### How can I be sure that YUSD will remain pegged? The ability to redeem YUSD for collateral at face value (i.e. 1 YUSD for $1 of collateral) and the minimum collateral ratio of 110% create a price floor and price ceiling (respectively) through arbitrage opportunities. We call these "hard peg mechanisms" since they are based on direct processes. YUSD also benefits from less direct mechanisms for USD parity — called "soft peg mechanisms". One of these mechanisms is parity as a Schelling point. Since Yeti Finance treats YUSD as being equal to USD, parity between the two is an implied equilibrium state of the protocol. Another of these mechanisms is the borrowing fee on new debts. As redemptions increase (implying YUSD is below $1), so too does the baseRate — making borrowing less attractive which keeps new YUSD from hitting the market and driving the price below $1. ### How do you come up with safety ratios for collaterals? Safety ratio is related to how “risky” a collateral is. Yield bearing stables have a safety ratio up to 1.05, while all non stablecoin collateral will have a safety ratio between 0 and 1. (i.e Highly liquid and trusted collateral will have a safety ratio of 1.0 while more risky collateral will have a safety ratio of 0.8 or 0.5.). It is a factor of liquidity on Avalanche, market cap, and oracle type. As for how the team comes up with these numbers, the team models and specifies the safety ratio themselves with economic modeling firm, 3σ labs led by @OxVerif. Yeti Finance also has the firm on retainer for any future collateral safety ratios. Down the line, assigning safety ratios will be controlled by governance but as for now it is controlled by the team to allow for a smoother launch. ### How come I can't open a Trove? One of the most common problems people face when trying to open up a Trove is that a minimum debt of 2000 YUSD + fees is required. Therefore, you must deposit more than 2000 dollars worth of collateral in order to open a Trove. Keep in mind that your Trove's collateral ratio must be above 110% to open a Trove too. ### What are some preventative measures to avoid liquidations? To avoid liquidations, try to keep your Trove's collateral ratio above 150%. Anyone can liquidate a Trove as soon as it drops below the minimum collateral ratio of 110%. Therefore, it is critical to keep your Trove's collateral ratio above 110%, and above 150% to avoid recovery mode. When the system's Total Collateral Ratio drops below 150%, the system will enter recovery mode, meaning that Troves with collateral ratios below the TCR are eligible for liquidations. Just to be safe, it is recommend to keep your Trove's collateral ratio above 150% and at healthy ratios if you want to avoid liquidations. # Protocol Security 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. **Smart Contract Audits and Security Partners:** 1. [Dedaub](https://www.dedaub.com/) is a leading smart contract security firm that specializes in complex economic attacks and program analysis. Dedaub has worked with Ethereum, Chainlink and Nexus Mutual. They most notably reported the $1B vulnerability in Multichain's Bridge. [Audit Report 1](https://docs.google.com/document/d/1i3PWxOCt_EaFU51aI1YOgWkmPp0EbsV3d3G_ZtvS4Ko/edit) and [Audit Report 2](https://docs.google.com/document/d/1DxfCo6KqfKOJfmlQmAlb2UySyFaMDwBNKkDo_nZPIsw/edit). 2. [Three Sigma Labs](https://threesigma.xyz/) is a economic modeling and smart contract auditing firm. They have assisted us with mechanism design, validating mechanisms with economic models, and reviewing implementations with code audits. [Audit Report.](https://drive.google.com/file/d/1fpU4V-9iQKUTXRd8ZvmSThdib44bA4xi/view?usp=sharing) 3. [Haechi](https://audit.haechi.io/) is a South Korean smart contract security audit firm. Haechi has audited major DeFi protocols such as SushiSwap, 1inch Exchange, and Armor Finance. [Audit Report.](https://docs.google.com/document/d/1qYVwps1KgUxdmOoKFdgTDmhhMk4fY9tf0ukYxOAf_CQ/edit) 4. [Code Arena](https://code4rena.com/) is a community-driven approach to smart contract auditing. Yeti Finance hosted a [$100,000 ](https://code4rena.com/contests/2021-12-yeti-finance-contest)Code Arena audit contest in which the full prize pool is distributed to participants which include some of the the leading blockchain security researchers and audit firms. [Audit report. ](https://code4rena.com/reports/2021-12-yetifinance/) **Independent Auditors** In addition to the above security measures, we had multiple independent security auditors peer review our smart contract code for any potential vulnerabilities and exploits. **Economic Security:** 1. [Three Sigma Labs](https://threesigma.xyz/) was engaged to create an extensive report analyzing the economic soundness of Yeti Finance's system. A detailed economic model based off Yeti Finance system, and thousands of simulations were done to stress test our protocol under various intense market conditions. [63-page economic modeling report. ](https://drive.google.com/file/d/1RPCv7n91vZQh-KNgoYpLv9N3oPVt4yDJ/view?usp=sharing) 2. [Risk Harbor](https://twitter.com/riskharbor), a leading DeFi smart-contract insurance protocol, has audited our liquidity provider oracles and asset wrappers to help in trying to prevent price oracle manipulation. Despite best efforts, crypto is inherently risky and security is never guaranteed. 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 available in the U.S. # Contract Addresses 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. ### Core Contracts
ContractAddress
$YETI0x77777777777d4554c39223C354A05825b2E8Faa3
$veYETI0x88888888847DF39Cf1dfe1a05c904b4E603C9416
$YUSD0x111111111111ed1D73f860F57b2798b683f2d325
BorrowerOperations0xBBbbbbbBBBBeC8bF32635374c0717C44B5c535eF
TroveManager0x000000000000614c27530d24B5f039EC15A61d8d
TroveManagerLiquidations0x0000000000aDCd24b833604068cBbbb2EEb3a2a3
TroveManagerRedemptions0x00000000000d9c2f60d8e82F2d1C2bed5008DD7d
StabilityPool0xFFffFfffFff5d3627294FeC5081CE5C5D7fA6451
ActivePool0xAAAaaAaaAaDd4AA719f0CF8889298D13dC819A15
DefaultPool0xdDDDDDdDDD3AD7297B3D13E17414fBED370cd425
CollSurplusPool0x5555555598B91C1df1C065E8E3a50fF846653968
CommunityIssuance0x000000000bCD46cdD5a6E92C885b34CeAc6d2FF4
Curve LP Farm (Old)0xfffFffFFfFe8aA117FE603a37188E666aF110F39
Boosted Curve LP Farm0xD8A4AA01D54C8Fdd104EAC28B9C975f0663E75D8
veYETI Emissions0x1ca865D89ccABc6805699aFc5F375b6366371B5B
YetiController0xcCCCcCccCCCc053fD8D1fF275Da4183c2954dBe3
PSM0x3f97403218b71aa1ff2678e28398038a5c24641d
HintHelpers0x70273B508F895254553F4096575832DaB49a8B37
### Whitelisted collateral
TokensToken ContractAutocompounding FeeOracle ContractInterest
WAVAX0xB31f66AA3C1e785363F0875A1B74E27b85FD66c7N/A0x45F7260f7Cc47b15eB5cB6ac0dAaBd8Efb2A0edB0.5%
WETH.e0x49D5c2BdFfac6CE2BFdB6640F4F80f226bc10bABN/A0x81B23B288e6cdd27007394e1c1A7645cb58239f10.5%
WBTC.e0x71EbA7AB57a1A03c54878338aA5324056C930605N/A0xA99a5984A825dB788Ea1688bef6fD6c17420479c0.5%
USDC0xB775cb337Cf223708Ef053a110B56E4DAbb78132N/A0xdd2A23d0A92E84b87B4ec2B575337137379208F50.5%
qiUSDC0x0a548fce885482cd5f2696ec3247da6a6af3ee615%0x1B00d8d49fE3CDb27EA1E55f8Ee8B481B357Ae5e0.5%
qiUSDCn0x9A6BCecEEc3FBE2FAcC977E57fBe2508f70DBcd920%0x018B1d0c5bcb6f332A6543fb8BD2200F5924Ea610.5%
qiETH0x72ccb37ede985311fecc3987bb0fc0572da99b415%0xb1fdB6F4271c9ac8BFBEbfa7CC0b69e1f3c4e34C0.5%
qiBTC0x0ca7b267c3c882e74ba3a4b49ad0e82427dc6a745%0x9c472E532A931c90eB62213Fe38DAD6244A4C7710.5%
qiAVAX0xeea35ef62adbc3bbd4ef137e7cfaba612248f7845%0xE9D559b9D9C28CFDB3A93D0114B3f752f3954B000.5%
WAVAX-USDC JLP0x9EF73EAcae3B4143cA8A637a16f178F4bDce65a010%0x4dcB44dD1f2A55D59d043Fb758B325D6340598720.5%
WETH.e-WAVAX JLP0x72298e47f648ca0215f2e17d5647048b2d42520c10%0x21601B05EA6B4ddc9224CE47dAA718c4A95E57800.5%
av3CRV0x9dd17f32fc8355ae37425f475a10cc7bec8ca36a10%0x61C145d08ae929E7295FdC11544caeF42721FAE70.5%
sJOE0xCc3ee7CCb14aea851850f46CBBE4d82f5D74c20F20%0xAF2b9207fb44E2989673E68b38bD07d951C6843A0.5%
sAVAX0xCb4B0937904698D6EdDADb2FD3b5FcCE74130c3720%0x81D533d878D0907BD85341d5F121c341Ba8555370.5%
aUSDC0xad69de0ce8ab50b729d3f798d7bc9ac7b4e7926720%0xC68f4cf1044a969d5d65d9654f87794ea16f76ee0.5%
aWAVAX0xf311ff3277d42c354fe9d76d1e286736861844b520%0x97E19d2489303Cb3E9dA3866e4991B9a6FD0c4F80.5%
aWETH0x0ad0bc8aa6c76b558ee471b7ad70ee7b65704e5d20%0x610c35234C6633B5B79823b728f6907249681B440.5%
aUSDT0x6946b0527421b72df7a5f0c0c7a1474219684e8f20%0xC82e9f57c9c7D087C8DAfCb48BB688084d0880440.5%
aDAI0xba9fb5adbaf7ad4ea7b6913a91c7e3196933fc0920%0x7cFd3BC547dFd450544AE04ef76f4273558eADe40.5%
qiUSDT0x4353a56822949f534e80f0a595ce4eab0b5ce23e20%0xa4627B90392aC32004cCeA6d9b7CF01c312d0B320.5%
qiDAI0x273ae700e8e6ed0f4b002bb2d482b192a254a73e20%0x3813739f30122cD3c3A157D7234F1d50525B11940.5%
GLP0xa1BE5F4e24D7a47c7601A89FA6504d6BaA43802E20%0xcD272E8046Df2250a36f614312bbC5808b99BBE70.5%
BTC.b0xb349115a826a779693a6fb7fd9dbfd651a9887aaN/A0xDc015e5157f50816d84cdF9Ff0001E3cDB083cEa0.75%
qiBTC.b0x7176FB01Cab1B85F8E2FF9726B4fc8B21d2Be2e920%0x1A5b3a8C2880049cc06fd25594B9F415b25775e70.5%
aBTC.b0xe6E15FdfeA6ae45097863E82c98664B161BaA3ed20%0xDc015e5157f50816d84cdF9Ff0001E3cDB083cEa0.5%
qisAVAX0x292d978e677c78e56bfc325aa2d3811f5eb66f1820%0x683D402AfeA07596F726E0A2A915260871c328660.5%
asAVAX0x4A86e96874250683D1225BAf2be716c810e89Ef120%0x9e00e7e3Bd45716c882832C06c17048225ad07900.5%
### Avalanche Fuji Testnet: Core Contract addresses | Contract | Address | | ------------------------ | ---------------------------------------------------------------------------------------------------------------------------------- | | $YETI | [0x07937297c4768856c97606e3C2B42824a5d46633](https://testnet.snowtrace.io/token/0x07937297c4768856c97606e3C2B42824a5d46633) | | $sYETI | [0x774Cfe9BCD1bf857E3cd0f1E7b25Aef8E40ACf09](https://testnet.snowtrace.io/token/0x774Cfe9BCD1bf857E3cd0f1E7b25Aef8E40ACf09) | | $YUSD | [0x6a62E076f10eCD61ca91a456bF86d40FDb8bCC65](https://testnet.snowtrace.io/token/0x6a62E076f10eCD61ca91a456bF86d40FDb8bCC65) | | BorrowerOperations | [0x6387C0E385196FEcb43D5fe37EBe9777B790a882](https://testnet.snowtrace.io/address/0x6387C0E385196FEcb43D5fe37EBe9777B790a882) | | TroveManager | [0xcB74A8F05537e346AC54c173652e57c96b4339d2](https://testnet.snowtrace.io/address/0xcB74A8F05537e346AC54c173652e57c96b4339d2) | | TroveManagerLiquidations | [0xa0C61494842176CE0cDB828542b4C3a842cc29af](https://testnet.snowtrace.io/address/0xa0C61494842176CE0cDB828542b4C3a842cc29af) | | TroveManagerRedemptions | [0x58777f4C737AA87d2a895486587Eb6eCcd8d5eFa](https://testnet.snowtrace.io/address/0x58777f4C737AA87d2a895486587Eb6eCcd8d5eFa) | | StabilityPool | [0x9ab04cD8b701e5bb4FdF31378af679D2f4534F8a](https://testnet.snowtrace.io/address/0x9ab04cD8b701e5bb4FdF31378af679D2f4534F8a) | | ActivePool | [0x0db336C1ab0Cc14972B53CaA4F100068731C54AA](https://testnet.snowtrace.io/address/0x0db336C1ab0Cc14972B53CaA4F100068731C54AA#code) | | DefaultPool | [0xf7d924A8F414a16a54F2CF9a98AC266281239FfB](https://testnet.snowtrace.io/address/0xf7d924A8F414a16a54F2CF9a98AC266281239FfB) | | CollSurplusPool | [0x7b0aF3BA7C89be8e52F6BA815E5DAE79faAcA65f](https://testnet.snowtrace.io/address/0x7b0aF3BA7C89be8e52F6BA815E5DAE79faAcA65f) | | Whitelist | [0x1AA108E2392Cd316be9255F78A3673E9f6f65447](https://testnet.snowtrace.io/address/0x1AA108E2392Cd316be9255F78A3673E9f6f65447) | Whitelisted collateral on Fuji Testnet
Test TokensAddresses
WAVAX0xDd30dfF5f83F53789520118FC8aB15f5b2C2c850
WETH0x5085f96Fab5A4F4cD6AceDf8054b431AaCf298f9
qiUSDC0xaC9518D66Df4bA4570B3A0213E7df45802d5e7F3
WETH-WAVAX JLP Token0x2E945F4dE1586Ea62003024829A1E8019e8e00f8
JOE0xC1315eB36397E70330fEa4FA7b04c24Db16C294c
Danger0xef70bFAcA59bBBBD9e48eFd2cD81D45AA97C507b
# Bug Bounty Program Security is Yeti Finance's top priority. We've spent hundreds of thousands of dollars in security in efforts to create a truly innovative borrowing protocol and have had an extensive number of audits from firms and independent auditors alike. [Audits here.](broken://pages/-MlN82NJRyKTv2Bnmg_y) Our lucrative bug bounty program rewards anyone who is able to find a security issue or critical vulnerability within our codebase. If you find any bugs or serious vulnerabilities in Yeti Finance's codebase, please email for disclosures or contact @RoboYeti or @TrucoYeti on telegram. # Using Yeti Finance Testnet ### Step 1: Setup MetaMask[​](https://docs.avax.network/build/tutorials/smart-contracts/deploy-a-smart-contract-on-avalanche-using-remix-and-metamask/#step-1-setting-up-metamask) Log in to MetaMask -> Click the Network drop-down -> Select Custom RPC (or Add Network) ![metamask network dropdown](https://docs.avax.network/assets/images/image\(60\)-817d82b8dc74892e0fa5334b222c7ac4.png) **Copy and Paste in Avalanche FUJI Testnet Settings:**[**​**](https://docs.avax.network/build/tutorials/smart-contracts/deploy-a-smart-contract-on-avalanche-using-remix-and-metamask/#fuji-testnet-settings) * **Network Name**: Avalanche Network * **New RPC URL**: * **ChainID**: `43114` * **Symbol**: `AVAX` * **Explorer**: ![](/files/tg3Rdy3CU66YzKlm6CQv) ### Step 2: Funding your C-Chain address[​](https://docs.avax.network/build/tutorials/smart-contracts/deploy-a-smart-contract-on-avalanche-using-remix-and-metamask/#step-2-funding-your-c-chain-address) #### **Using Test Network Faucet**[​](https://docs.avax.network/build/tutorials/smart-contracts/deploy-a-smart-contract-on-avalanche-using-remix-and-metamask/#using-test-network-faucet) To get AVAX on the Fuji testnet network, you can use the Test Network Faucet. Navigate to and paste your C-Chain address. The faucet will send the testnet AVAX to your address on the C-Chain. Click the captcha checkbox and select 'Request AVAX' button. Your address will receive test AVAX in a few seconds. You can request 10 test AVAX every hour. Voila! Your Avalanche Fuji Testnet Wallet is now funded with Testnet AVAX. ### Step 3: Use your Testnet AVAX to play around on our Testnet Our Testnet is deployed on the Avalanche Fuji Network which means the testnet AVAX you received from the faucet can be used to pay for transactions and interact with Yeti Finance's testnet deployment. Access the testnet using this link: [https://testnet.yeti.finance](https://testnet.yeti.finance/) Start minting USDC, WAVAX, WETH, JOE, WETH/AVAX JLP, and DANGER to play around with Yeti Finance's Testnet! We have provided 'Mint' functionality on the top right corner of the navbar where you can acquire testnet versions of collateral assets which can be used to open a trove on Yeti Finance. ![](/files/1zty5ml4LUckFwBu6Hyp) # Brand Assets **Yeti Finance Logo** ![](/files/DvyqZLZbLcGwWfkDsJWG) **Isolated Yeti** ![](/files/42GBiDJxeesG1axjoEnv) **Yeti Token Logo** ![](/files/2fYfZz0bXlNeiP0JjTEb) **YUSD Token Logo** ![](/files/G45m9Yqm32rqQLfBATT2) Banners:
![](/files/thf1hMS5m4YXeZIowSeR) ![](/files/dSfTeNou6PUNDvjGOcbU) ![](/files/DNVx6A4DdBdyFgH8EeYn) ![](/files/BXJabEHaNfRLjyal1MOm) ![](/files/beasfS8cy7bNfyMxauKx)