Latest Youves News
View MoreDeFi platform Youves launches synthetic Gold tracker token
uXAU is a synthetic token, which means that the value of gold is tracked by the token and the token itself is not backed by any actual gold. The value is backed by other collateral, in this case Tezos-based Tether (USDt). USDT is tethered to the US dollar, the idea in theory being that you can trade 1 Tether for 1 US dollar, regardless of market conditions.
Youves Platform Launches uDEFI: A Synthetic Token That Tracks The Top 5 DeFi Tokens
After uUSD, Youves introduces a new token. Currently, on Testnet, uDEFI is a token that tracks the value of the top five DeFi tokens on the market. (Currently LUNA, LINK, UNI, CAKE, AAVE). This list will be rebalanced every six months.