Name: YUSD Stablecoin
SKU: YUSD
Price: 0.991973106705 USD

YUSD is an over-collateralized USD-pegged stablecoin issued by Yeti Finance. It has multiple mechanisms to keep its price stable and pegged at $1. YUSD can be minted by depositing collateral on Yeti Finance. The ability to redeem YUSD for collateral at face value (i.e. 1 YUSD for $1 of collateral) and to mint YUSD against USDC at a minimum collateral ratio of 103% creates a price floor and price ceiling respectively through arbitrage opportunities.Yeti Finance is a cutting edge decentralized borrowing protocol built on Avalanche that allows users to borrow up to 11x against base assets like WETH, staked assets like Liquid AVAX, LP tokens - and 21x on yield-bearing stablecoins, all at a 0% interest rate.

YUSD Stablecoin

YUSD is an over-collateralized USD-pegged stablecoin issued by Yeti Finance

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%name%: Latest News, Social Media Updates and Insights

Yeti Finance, a prominent protocol in the Avalanche ecosystem, has announced its decision to wind down operations.  The announcement comes as a significant development in the DeFi space and impacts trove owners, token holders, and the broader community. The decision to cease operations was not taken lightly and is a result of various challenges faced […]

YUSD Stablecoin YUSD

Latest YUSD Stablecoin News and Social Media Feed

Yeti Finance Announces Wind Down: A Comprehensive Overview