Features
Borrow (Mint):
With the collateralized lending mechanism on youves, users can create (mint) the stable token uUSD by locking up crypto collateral.
Minted tokens can be sold against other cryptocurrencies and/or fiat currencies to either create leverage or a fiat loan respectively.
There is a liability interest rate applied to the outstanding amount.
To withdraw the full amount of the provided collateral, minters have to burn (pay back) the minted amount plus any accrued interest.
The minimum collateral level (or maximum LTV) depends on the collateral type.
Minters must make sure the collateral level never falls below the minimum level, otherwise they risk being liquidated.
Minters are incentivised with YOU governance tokens.
Earn – Save & Stake
Holders of uUSD can diversify their crypto-asset exposure without having to access FIAT directly.
Holders of uUSD can earn an interest rate (paid by the minters) by putting them into the savings pool.
The entirety of liability interest rates minus the platform profit of 1% is distributed to the savings pool, regardless of the amount of tokens in the pool.
Holders of YOU tokens can earn passive income by putting them into the staking pool to earn a share of the platform profits.
Farm
Users can provide liquidity on the Swap feature and collect YOU token rewards.
Swap
The youves platform also contains a swap feature to allow for on-chain exchange for a number of tokens on the Tezos blockchain.
Youves
