Colony official Partnership with Yeti Finance
Colony official partnership with Yeti Finance, to allow users to borrow using CAI, the Colony Avalanche Index.
Yeti Finance has joined Colony and Phuture in an official alliance, Colony official Partnership with Yeti Finance to enable users to borrow using the Colony Avalanche Index (CAI) as collateral This integration will occur upon the introduction of CAI and once the index token passes Yeti Finance’s integration standards.
The Yeti Finance protocol allows users to borrow up to 11x against LP tokens, staked assets, and base assets, plus 21x on yield-bearing stablecoins. Yeti Finance is helping expand the Avalanche lending landscape, letting users borrow against previously un-collateralizable assets.
Together, CAI and Yeti Finance are bringing the best of Avalanche lending solutions to investors like you!
How it will work?
Needless to say, the integration of CAI onto the Yeti Finance protocol will enhance the index’s utility, allowing investors to deposit $CAI, borrow against it and leverage.
CAI investors will be able to unlock deep liquidity, borrow at sound collateral ratios while continuing to earn yield rewards generated from CAI.
When will investors be able to utilize CAI on Yeti Finance?
After CAI’s debut, provided the index establishes a deep liquidity position and other strategic needs, Yeti Finance will integrate CAI.
- $5–10M liquidity for the asset itself, or atomic redeem-ability for an asset with $5–10M liquidity (such as for qiTokens).
- Strong community-agreed trust, sourced from audits and amount of time the token has been live.
- Reliable price oracle that is unable to be manipulated.
About Yeti Finance
Yeti Finance is a decentralized borrowing mechanism based on Avalanche. This innovative protocol enables users to borrow up to 21x leverage against their entire portfolio of crypto assets, while continuing to earn the yield rewards generated from deposited assets.
About Phuture
Phuture (PHTR) is a decentralised crypto index platform that simplifies investments through automated, themed index funds on Ethereum and Avalanche. Accessible by anyone with an internet connection, Phuture is perfect for investors looking to upgrade their crypto investment strategy
About Colony
Colony is a community driven accelerator, evolving into an inclusive DAO, to boost Avalanche’s ecosystem growth. Powered by a governance token: $CLY.Colony deploys capital within Avalanche on early stages projects, provides liquidity to DeFi protocols, validates networks through stacking capabilities and will maintain an Index on top Avalanche projects.
