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 cutting edge decentralized borrowing protocol built on Avalanche that allows users to borrow up to 11x against LP tokens, staked assets like Liquid AVAX, and base assets like WETH - and over 20x on yield-bearing stablecoins.
Users continue earning farming and staking rewards when these assets are deposited onto Yeti Finance’s platform, opening up numerous leveraged farming strategies.
Borrowers receive YUSD (an over-collateralized USD stablecoin) at a minimum ratio of 1 YUSD to 1.1 USD in collateral. Users will then be able to use the YUSD to purchase additional assets, hedge their position, or provide liquidity for additional rewards.
YUSD can be redeemed for $1 of underlying collateral. Yeti Finance builds off Liquity's economic model to ensure peg stability and efficient liquidations.
Yeti Finance also offers cross-margining, something the majority of borrowing protocols don't have. In simple terms, users on Yeti Finance can open up a borrowing position on their entire portfolio instead of just a single asset.
Cross-margining makes borrowing against volatile assets much safer as multiple assets can serve as collateral for your loan instead of just one, greatly reducing the risk of liquidations due to asset volatility and flash crashes.
Yeti Finance is a quantum leap forward in the stablecoin/lending landscape.
NOTE: A new borrowing model is now 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 OF USING PROTOCOL before using our protocol and interacting with YETI or the YUSD token, and our most recent article on major protocol updates.
Last modified 6mo ago