Testnet is Live!
The moment everyone has been waiting for …
Due to an enormous amount of luck, we’ve managed to expedite the February 2023 Testnet launch to February 2022!
Yeti Finance’s Testnet has launched on the Avalanche Fuji Testnet Network and can be accessed via this link: https://testnet.yetifinance.co
Hooray!
To recap: Yeti Finance is a borrowing protocol built on Avalanche. Yeti enables users to borrow against their entire portfolio of crypto assets, while continuing to earn the rewards that their deposited assets generated.
But wait, it gets even better, on yield bearing stablecoins like BENQI qiUSDC, Banker Joe jUSDT and Aave aDAI, minimum collateral ratios are as low as 105%.
A key component to Yeti Finance’s offering portfolio borrowing, something the majority of borrowing protocols do not have. In simple terms, users on Yeti Finance can open up a borrowing position on their entire portfolio instead of just a single asset.
Portfolio borrowing helps reduce the risk of borrowing against volatile assets much safer as multiple assets serve as collateral for your loan instead of a singular one, greatly lowering the risk of liquidations due to asset volatility and flash crashes.
Unlock deep liquidity, borrow at the lowest collateral ratios, and borrow against your entire portfolio to gain better protection against liquidations.
Yeti Finance is a quantum leap forward in the borrowing landscape and will unlock tens billions of dollars in new liquidity on Avalanche.
Our Testnet is not a full representation of our Mainnet, though it serves as an opportunity for users to try out our platform, a chance for our community to give feedback, and an environment where our team can experiment and iterate on our UI/UX while rolling out requested features from our community.
Read our new User Docs which explain how to access and use our Testnet here: https://docs.yetifinance.co
Participants in the Testnet will receive a variety of rewards which include Yeti NFTs from our exclusive Yeti Finance x Gokek Collection and more:
Mainnet is slated for an early March launch , and that’s also 2022 for the people asking! More announcements and updates soon ;)
In the meanwhile, come come join our Discord to participate in building this and giving feedback: https://discord.com/invite/SgZURK9ped!
