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Avalanche Announces The Launch Of Yeti Finance On Its Blockchain

Share on X icon · Published 4 years ago on April 20, 2022 · Hassan Maishera

The Avalanche team announced via a Medium post on Tuesday that Yeti Finance is now live on its network.

Avalanche Announces The Launch Of Yeti Finance On Its Blockchain

The Avalanche team announced via a Medium post on Tuesday that Yeti Finance is now live on its network. Yeti Finance is a decentralized borrowing protocol built on Avalanche.

Avalanche said Yeti Finance allows users to borrow up to 11x against LP tokens, staked assets, and base assets, plus 21x on yield-bearing stablecoins at a 0% interest rate.

Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.

AVAX is up by more than 3% so far today and currently trades at $79.46 per coin.

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Author

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Hassan Maishera
Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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