Yeti Finance Technical Docs
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Yeti Finance Technical Docs
Introduction
Disclaimer: Risks of Using Protocol
How Does Yeti Finance Work?
General
Borrowing
Yield Bearing Collateral
Redemptions and YUSD Price Stability
Recovery Mode
Definitions
Stability Pool and Liquidations
YETI and YUSD
Earning Yeti
Token Overview
YUSD/AVAX LP Farming
YETI/AVAX LP Farming
YETI Staking
About Yeti Finance
Audits
Contract Addresses
Bug Bounty Program
Collateral Integration Process
Integrations
Links
Discord
Twitter
Telegram
Website
Powered By GitBook
YETI Staking
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.

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.
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YETI/AVAX LP Farming
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Audits
Last modified 13d ago
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Outline
What can I do with $YETI?
Is there a lock-up period?
How can I allocate my veYETI?
Can I stake YUSD?
Are staked YETI tokens used to backstop the system (like Maker) or for governance?