YETI Staking

What can I do with $YETI?

$YETI is the Yeti Finance protocol token. In the future, $YETI will transition into a governance token.
Users can stake YETI to earn more YETI while also accruing veYETI. Staking YETI for more YETI will end after veYETI utility is live.
veYETI can be be used for four things:
  1. 1.
    Boosting $YETI rewards for stability pool staking
  2. 2.
    Boosting $YETI rewards for liquidity providing for YUSD.
  3. 3.
    Reducing the protocol’s cut of yield on deposited assets (YUSD rebates)
  4. 4.
    Getting access to special strategies like Pandora's box (aUST-Anchor).
The veYETI model is designed to incentivize users to accumulate and stake $YETI by providing real utility to farmers and protocol users. When you unstake YETI, you lose your veYETI balance, similar to vePTP and veJOE.
Users can begin accumulating veYETI at launch. Users staking at launch can get a head start on accumulating veYETI for its extensive utility implementations.

Is there a lock-up period?

There is no lock up period

How can I allocate my veYETI?

As we roll out new veYETI utilities, you will be able to allocate your staked YETI specifically toward certain utilities. Your veYETI on a utility is equal to the amount of YETI staked on that utility, times your total veYETI, divided by your total Yeti staked in veYETI.
So it is possible to move your accrued veYETI between different utilities without losing it. The only way to actually lose veYETI is if you unstake YETI from veYETI entirely.

Can I stake YUSD?

YUSD can be deposited into the Stability Pool to earn YETI tokens and liquidation rewards. YETI can be staked to get sYETI. These mechanisms are separate.

Are staked YETI tokens used to backstop the system (like Maker) or for governance?

No, staked YETI are not used to backstop the Yeti Finance system and are not currently used for governance.