Yeti Updates and New Features
Yeti Updates and New Features, Protocol stats, new borrowing model, upcoming collaterals, and new terms of service with updated location policies.
Users may now access asset-specific total value deposited, pricing data, and historical rewards in real time to better understand each collateral type in the Yeti protocol. Yeti Updates and New Features
Users can directly connect to Snowtrace contracts and protocol webpages for each asset to verify figures and contracts.
Roadmap Update:
In line with their “Path to the Best Borrowing Protocol” roadmap, the developers have been making progress on the sustainability roadmap.
New Collaterals
The new way of borrowing money will start with GMX’s GLP as the first collateral. New borrowing capacity without redemptions is the goal of the new borrowing model.
After GLP, BENQI will deliver qisAVAX (finished and audited), aBTC.b, and Stargate USDC and USDT.
Note: The GLP vault is already deployed and ready to be deposited into. The first collateralization capacity is $500,000, and veYETI will deposit GLP deposits.
Interest Rate Rebates
Borrowers who began their loan before the new borrowing model change will get all October and 50% of November interest. Borrowers will receive 66% of November interest and 20% of December interest before September 1.
Troves opened before July 15 will get 75% for November and 40% for December interest refunds.
This reimbursement applies to troves reopened after these dates due to redemptions.
About Yeti Finance
Yeti Finance is a next-gen 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.
Unlock deep liquidity, borrow at the lowest collateral ratios, and borrow against your entire portfolio to gain better protection against liquidations.
