DescriptionYeti Finance is a cross-margin lending protocol on Avalanche that allows users to borrow up to 21x against their portfolio and receive YUSD, an overcollateralized stablecoin.
Category:crypto-backed
Minting and RedemptionUsing the Yeti Finance app, users mint YUSD by depositing an accepted collateral asset into a Trove. When the loan is repaid to retrieve the collateral, the paid back YUSD is burned.
Use this option to choose whether to include coins that have been minted but have never been circulating.
Crypto-backed assets are backed by cryptoassets locked in a smart contract as collateral. Risks of crypto-backed assets include smart contract risk, collateral volatility and liquidation, and de-pegging.
YUSD Stablecoin (YUSD)