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Home All Events Yeti Finance Launch

Date

Apr 12 2022
Expired!

TimePacific Time

9:00 am

Your Time

  • Timezone: America/New_York
  • Date: Apr 12 2022
  • Time: 12:00 pm

Status

Active

Yeti Finance Launch

Lending and borrowing platform on Avalanche.

DETAILS
  • Up to 11x leverage
  • You can borrow against the value of your entire portfolio, rather than individual assets
  • Deposit fees of 0.25% to 5% depending on the volatility of the asset your are depositing as collateral
  • Borrow fee of 0.5%
  • The minimum you can deposit and borrow to open a “trove” is $2000 (2000 YUSD), and you may only have 1 trove per wallet address
  • Two token system:
    • YETI
      • Max supply: 500,000,000 YETI
        • 69.5333% to the community treasury (farm rewards, marketing, partnerships)
        • 29% to the team, vested linearly over 3 years
        • 1% to strategic partners, vested linearly over 3 years
        • 0.4666% to 3σ Labs, their economic modeling auditor
        • Stake YETI to earn veYETI
      • veYETI can be used to boost YETI rewards in the stability pool, to boost rewards for providing YUSD liquidity, and to reduce the protocols performance fee, and governance in the future
    • YUSD
      • Over-collateralized stablecoin pegged to USD

Blockchain

AVAX

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