What Is YUSD Stablecoin (YUSD) ?
YUSD Stablecoin 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, all at a 0% interest rate. Users continue earning farming and staking rewards when these assets are deposited onto Yeti Finance’s platform, opening up numerous leveraged farming strategies.
YUSD Stablecoin 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. 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.
YUSD Stablecoin Token Storage Key Points
|Coin Name||YUSD Stablecoin|