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 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 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.