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.

Website | Twitter 

SOURCE

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Add liquidity to the eligible pools KyberSwap Elastic on Avalanche and earn liquidity mining rewards! In the first phase of this cooperative endeavor, Enhancing Liquidity on Avalanche liquidity providers will collect over $200,000 in liquidity mining awards.

With their newest protocol KyberSwap Elastic, liquidity providers can enjoy even better earnings and flexibility to plan individual earning strategies!

Liquidity Mining with BENQI and Yeti Finance on KyberSwap Elastic

Since 17th Aug, liquidity providers can add liquidity to the eligible sAVAX and YUSD pools on KyberSwap Elastic on Avalanche and earn KNC, QI and YETI rewards!\

With the Elastic protocol LPs can enjoy concentrated liquidity and compounding fees, giving you higher capital efficiency and maximizing rewards! Learn more about KyberSwap Elastic here.

Important Details: Eligible Pools (Fee Tier)

• sAVAX-AVAX (0.01%)
• sAVAX-YUSD (0.04%)
• USDC-YUSD (0.01%)

*Full list of eligible pools for Yield Farming on Avalanche can be viewed here.

KyberSwap: Benefits for the BENQI, Yeti Finance and Avalanche Ecosystem

1. For Traders

• Best swap rates for sAVAX and YUSD through DEX aggregation, while letting traders identify other tokens even before they trend/moon via on-chain metrics

2. For Liquidity Providers

• Concentrated liquidity for sAVAX, YUSD and any other token, stables and non-stables
• Auto-compounded LP (liquidity provider) fees
• Bonus liquidity incentives through yield farming
• Sniping/Just-in-time attack protection to protect the earnings for BENQI and Yeti LPs

3. For Developers

1. Dapps can integrate with KyberSwap’s pools and aggregation API to provide the best rates for their own users, saving time and resources.

Adding liquidity to BENQI / Yeti Elastic pools

• • Under “Earn -> Pools” on Avalanche, select Elastic Pools
  • Add liquidity to the eligible pools at the fee tiers mentioned above.
  • Key in your deposit amount for the token pair. Approve the tokens if you have not done so earlier.
  • Input a custom price range in which you would like to provide liquidity by indicating the min price and the max price of that range. A narrower range gives your higher concentrated liquidity and more fees, while a wider range would give a higher chance of the pool always being active (and get yield farming rewards).
  • After adding liquidity, you will receive an NFT (non-fungible token) that represents your liquidity position.

On the “Farm” page on the Avalanche network, choose the pool you wish to farm. Click the “Deposit” button to deposit your liquidity position NFT (ID number) into the farming smart contract so you can eventually stake them into the farms. Kyber Network is building a world where any token is usable anywhere. KyberSwap.com is the flagship Decentralized Exchange (DEX) aggregator and liquidity platform. The platform provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, our flagship Decentralized Exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

Website | Twitter

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