Avalanche Foundation Strategic Investment in Yeti Finance
Avalanche Foundation’s has announced a strategic investment in Yeti Finance, a cutting edge, Avalanche native decentralized borrowing protocol.
Yeti Finance offers cross-margining across all collaterals and auto-compounds farming yields on deposited assets. Borrowers on Yeti Finance mint YUSD, a hard-pegged and fully decentralized stablecoin.
The team at Yeti Finance has already steered the protocol to remarkable heights surpassing $830M TVL within 6 day of launch and developing partnerships and integrations with influential Avalanche protocols like: Trader Joe, BENQI, Curve, and Colony Lab.
Yeti Finance will continue integrating with major DeFi protocols on Avalanche such as: Aave, Anchor, Platypus, and GMX.
The Avalanche Foundation investment solidifies Avalanche’s trust and support for Yeti Finance, in becoming DeFi leading borrowing protocol.
About Yeti Finance
Yeti Finance is a decentralized borrowing protocol built on Avalanche. This innovative protocol enables users to borrow up to 21x against their entire portfolio for a 0% interest fee, while continuing to earn farming rewards for deposited assets.
About Avalanche
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green.
