DeFi Platform Youves Will Add Liquidity Baking LP Tokens As Collateral Option For uUSD
Last week, YIP-003 was approved. It introduces a new token as collateral for Youves assets.
Starting next Monday the 10th, Liquidity Baking LP tokens (XTZ/tzBTC LP) can be used as collateral. LP tokens are liquidity pool tokens that you receive for as long as you provide liquidity to the XTZ/tzBTC pool in Liquidity Baking (LB).
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