Yeti Finance Integration with Aave V3
Yeti Finance is delighted to announce that integration with Aave V3 is now available.
Aave v3 has over $1.5B in assets deposited on Avalanche that can now be collateralized on the Yeti Finance platform.
With this integration Aave users can utilize their deposited assets as “aTOKEN” collateral to borrow money from Yeti Finance at no interest
Aave v3 has over $1.5B in assets deposited on Avalanche that can now be collateralized on the Yeti Finance platform.
Users will also be able to deposit the following Tokens once they have been supplied/deposited on the Aave:
◾aWAVAX
◾aWETH
◾aUSDC
◾aUSDT
◾aDAI
The aToken is a representation of an asset that is deposited into the Aave protocol. A aToken is given to the depositor in exchange for supplying the corresponding asset to Aave and functions to accrue value relative to the original asset through the token’s interest rate.
Aave users can borrow against their deposited aTokens on Yeti Finance to receive YUSD which they can use to swap for additional aTokens or other assets.
Re-depositing aTokens obtained with YUSD in Yeti Finance allows users to build up a leveraged farming position. Yeti Finance’s low minimum collateral ratios allow users to create up to an 11x leverage position on non-stablecoin Aave assets and 21x on yield-bearing Aave stablecoins to significantly multiply farming rewards.
About Aavee
Aave is a decentralized lending protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers are able to borrow in an overcollateralized (perpetually) or undercollateralized (one-block liquidity) fashion.
About Yeti Finance
Yeti Finance is a next-gen decentralized borrowing protocol built on Avalanche that allows users to borrow and cross-margin up to 11x against base assets, staked assets, and LP tokens — and 21x on yield-bearing stablecoins for 0% interest.
