YUSD Stablecoin

YUSD serves several purposes within the Yeti Finance ecosystem:

• Borrowing and Liquidity: Users can borrow YUSD against their collateral and use it for trading, reinvesting, or staking within DeFi protocols. - Peg Stability Module (PSM): YUSD can be swapped 1:1 with USDC, ensuring its peg to the US dollar. - Stability Pool: Users can deposit YUSD into the Stability Pool, which offsets liquidations within the protocol. Stability Pool depositors earn rewards in the form of liquidated collateral and farming incentives. As a stablecoin, YUSD also acts as a reliable medium of exchange and store of value within the broader DeFi ecosystem.

Yeti Finance was developed by Sapiens Research, a team of developers and economic modellers with expertise in decentralised finance. The protocol’s mechanisms and security have undergone rigorous audits by reputable firms such as Dedaub, Three Sigma Labs, and Haechi Labs. Additionally, a $100,000 bug bounty was hosted via Code Arena to ensure the robustness of the platform’s smart contracts. The Yeti Finance team collaborated with economic modellers from 3σ Labs to design and validate its risk mechanisms and overcollateralisation models. While Yeti Finance aims for decentralised governance in the future, its current model is managed by the team to ensure a secure and smooth launch.

Although 'YUSD' was the ticker assigned at the deployment of the YUSD Stablecoin Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'YETIUSD' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.