Platypus and Yeti Finance Collaboration

Published on: 06.05.2022
Platypus and Yeti Finance Collaboration

Yeti Finance decided to shift all incentives from Curve Finance to Platypus gradually.

Platypus is simply ecstatic about having a plethora of choices for you to grow your investment. The launch will be on the 10th of May 2022.

Platypus x Yeti Collaborative Development

This strategic collaboration aims to create a mutual gain for users of both protocols, which brings the YUSD-USDC pool to their platform.

Yeti Finance’s conviction in Platypus manifests in their decision to gradually shift all incentives from their 400M YUSD Pool on Curve Finance to Platypus.

Emission Structure

Yeti’s emissions will increase weekly, starting from 500,000. On top of that ,they will jointly provide 12% of PTP emission to this pool.

About $YUSD

YUSD is an over-collateralized stablecoin that is backed by a diverse basket of high-quality, yield-bearing assets deposited in the Yeti Finance protocol. To mint 1 YUSD, users must deposit a minimum of $1.05 in yield-bearing stablecoins or $1.10 of liquid collateral (e.g. AVAX or Trader Joe LP tokens) into Yeti Finance. Alternatively, YUSD can be minted for $1.02 in USDC.

About Yeti Finance

Yeti Finance is a decentralized cross-margin lending protocol built on Avalanche that allows users to borrow up to 21x against their portfolio of LP tokens, staked assets such as sJOE and sAVAX, and yield-bearing stablecoins.

About Platypus

Platypus, redefining Stableswap with novel single-sided liquidity provision. Low slippage, high scalability, and superb UX. Exclusively on Avalanche.

SOURCE

https://medium.com/platypus-finance/platypus-x-yeti-the-launch-of-yusd-usdc-pool-c75a7a6fb91d

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