1/ YETI finally launched! We are excited to present our $YETI Research Report Part 2! @YetiFinance is a revolutionary project, this article is a must read for any potential investors!
Scroll through for a deep dive into the tokenomics, revenues streams and an early valuation!🧵
Scroll through for a deep dive into the tokenomics, revenues streams and an early valuation!🧵
3/ Quick Refresher - What is Yeti Finance?: Yeti Finance is a new decentralized borrowing protocol on Avalanche offering 0% interest loans! Yeti has the potential to unlock billions of dollars of new liquidity. Learn more -
https://twitter.com/MBApesNFT/status/1509934664340807685
4/ Tokenomics: Yeti utilizes a two token system - $YETI and $YUSD. $YETI gives users access to the protocol’s revenue generation (more on this below) and future governance rights. $YUSD is a over-collateralized USD pegged stable coin. 1 $YUSD will always equal $1. 💵🏦
5/ Revenue Generation: Yeti has four distinct revenue streams - (1) Deposit fees 0.25%-1% depending on collateral risk; (2) Loan issuance fee ~1% of loan value; (3) $YUSD Redemption Fees ~1%; (4) Liquidation Fees ~10% (difference of 110% collateral ratio and 100% of loan value)
6/ $YUSD Utility: $YUSD is a decentralized stable coin worth $1 USD. Users are able to trade $YUSD for other assets, contribute to a liquidity pool, or farm in the $YUSD stability pool on Yeti Finance where users can earn $YETI!
7/ Alpha Alert 🚨🚨🚨: 15 million $YETI tokens will be utilized to incentivize farming in the first month! And 70% of early emissions of $YETI will incentivize participation in the $YUSD Curve liquidity pool! Get in early to take advantage of high rewards for stable coin farming!
8/ $YETI Utility: $YETI allows users to participate in the upside of the protocol. Users can stake their tokens to earn more $YETI or veYETI. The veYETI model is similar to that of $JOE and $PTP - accrued over-time, non-transferrable and lost when the underlying token is unstaked
9/ Token Distribution: 65% of tokens have been allocated to the community / foundation (treasury) which is in line with protocols such as Trader Joe. Additionally, the team is adequately incentivized to focus and build on the platform long-term. 🌕🚀
10/ Valuation: DCF utilizes a 7 year fcst, conservative growth rates and a 21.4% discount rate resulting in a market cap of $128.2M. Given Yeti’s innovative business model and lack of established competitors we believe that it should trade at a premium to other DeFi protocols.
11/ Conclusion: Yeti has the potential to reshape the DeFi landscape with 21x leverage on stable coins and 0% interest loans. The unique design should unlock billions of liquidity on Avalanche providing tailwinds for the entire ecosystem! 🧠#smrt
12/ Want more threads like this? Give us a follow
@MBApesNFT and check out our website mbapesacademy.com. You can help us get this out to more people with a RT/like on the first tweet.
@MBApesNFT and check out our website mbapesacademy.com. You can help us get this out to more people with a RT/like on the first tweet.
Yeti Accounts to follow: @0xTalent @0xRoboYeti @0xtruco @0xGoya @0xmebius @0xAces @YetiFinance @Colonylab @BenqiFinance @traderjoe_xyz
DeFi Accounts to follow: @kevinsekniqi @luigidemeo @cryptofishx @FaridRached @tezukaTez @blueclarityone @305_Capital @necessarygrowth @sw4g_ct @SJohn_Nahas @therealturch @milesdeutscher @satsdart @AvalanchEdwin @0xNinjas @ExcelBaller @thedefiedge @DefiAvenger @Dant3Digital
• • •
Missing some Tweet in this thread? You can try to
force a refresh
