YUSD Stablecoin (YUSD)

Market Cap$12.42m

Price	$1.01

Issuance Stats
Total Circulating	12.28m

Optional Circulating Counts
Unreleased	0

DescriptionYeti Finance is a cross-margin lending protocol on Avalanche that allows users to borrow up to 21x against their portfolio and receive YUSD, an overcollateralized stablecoin.

Category:crypto-backed

Minting and RedemptionUsing the Yeti Finance app, users mint YUSD by depositing an accepted collateral asset into a Trove. When the loan is repaid to retrieve the collateral, the paid back YUSD is burned.