Yeti Finance YETI

Yeti Finance is a decentralized borrowing protocol built on the Avalanche blockchain. It allows users to borrow and cross-margin up to 11x against various assets, including base assets, staked assets, LP tokens, and yield-bearing stablecoins. It aims to unlock deep liquidity and provide users with greater capital efficiency by enabling borrowing against previously un-collateralizable assets. Additionally, Yeti Finance offers the opportunity to earn yield rewards from deposited assets while borrowing.

Yeti Finance is unique compared to other cryptocurrencies in the borrowing landscape because it offers a "quantum leap" forward in capital efficiency and liquidity on the Avalanche network. It allows users to borrow against previously un-collateralizable assets, such as LP tokens and staked assets. Yeti Finance also has a larger long-term vision, aiming to become a "liquidity black hole" by enabling users to drop in their entire portfolio of assets. Additionally, the protocol offers minimum collateral ratios of 105%, allowing for more efficient usage of deposited assets and higher leverage on liquid assets and yield-bearing stablecoins. Overall, Yeti Finance stands out for its advanced architecture and the benefits it provides to users in terms of borrowing and capital efficiency.