YUSD Stablecoin

Yeti Finance is designed as a decentralized lending and borrowing protocol leveraging the security and speed of the Avalanche blockchain. Its core mission revolves around providing a reliable, decentralized alternative to traditional stablecoins, with a focus on security, efficiency, and decentralization. The protocol introduces YUSD, a stablecoin that maintains its peg close to the US dollar by using a robust mechanism of overcollateralization and automated smart contracts. Users gain the capability to mint YUSD by depositing collateral into Troves, which not only guarantees the collateral-backed nature of the stablecoin but also enables a dynamic supply reflective of borrower demand. Unlike centralized stablecoins, YUSD avoids issues such as fund freezes and lack of transparency, instead offering a secure, decentralized experience supported by a structure of internal incentives and governance via YETI token holders. The architecture of Yeti Finance extends beyond simple borrowing by incorporating cross-margin lending, which substantially optimizes traders' positions and capital usage. High leverage positions up to 21x can be achieved, appealing to professional traders and institutions within the DeFi space who require more substantial liquidity options without the burden of interest charges. This sophisticated leverage functionality sets it apart from other DeFi protocols, as does its Recovery Mode, which engages under specific conditions to maintain system solvency and stability during market volatility. Yeti Finance’s wider ecosystem advances through the inclusion of a Stability Pool, safeguarding the stablecoin's value and providing an opportunity for participate-stake rewards, which garner further user engagement and alignment with the platform's growth. The social and governance aspect of Yeti Finance is facilitated by the native utility token, YETI, empowering users with decision-making capabilities to drive the protocol's future. As part of the broader DeFi landscape on Avalanche, Yeti Finance strategically positions itself as a comprehensive solution that addresses both borrower and lender needs, broadening its appeal as a stablecoin service provider within Web3's rapidly evolving financial fabric.