Yeti Finance is an innovative decentralized borrowing protocol operating on the Avalanche blockchain. It allows users to borrow funds at a significant leveraging ratio of up to 11 times, using various types of assets such as WETH, Liquid AVAX, LP tokens, and yield-bearing stablecoins. Notably, the borrowed funds come with a 0% interest rate.
When users deposit their assets onto the Yeti Finance platform, they continue to receive any rewards from farming and staking activities. This feature opens up abundant opportunities for leveraging farming strategies.
Additionally, Yeti Finance distinguishes itself by offering cross-margining, a unique feature not commonly found in other borrowing protocols. This enables users to borrow against their entire asset portfolio instead of just a single asset. Consequently, borrowing against volatile assets becomes safer as multiple assets can serve as collateral, reducing the risk of liquidations caused by asset price fluctuations and sudden market crashes.
By providing access to substantial liquidity, offering favorable collateral ratios, and enabling borrowing against a comprehensive portfolio, Yeti Finance represents a significant advancement in the borrowing landscape. It has the potential to unlock billions of dollars in new liquidity on the Avalanche blockchain.
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