Yama Finance

Lending/Borrowing
Stables
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+2
- L2s
- DEXs

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Description

Yama Finance introduces a highly efficient omnichain stablecoin, leveraging CDPs with over 10x leverage and high liquidity. Utilizing a unique Peg Stability Module (PSM) for zero-fee swaps and lender incentives, Yama offers high stablecoin APYs and prioritizes internal liquidity over external DEXs. Initially on Arbitrum, it's set to expand to Fuel and Eclipse, providing a decentralized and scalable stablecoin solution.

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FAQ

What is Yama Finance and what makes it unique?

Yama Finance is an innovative omnichain stablecoin platform focused on maximizing the efficiency and power of Collateralized Debt Positions (CDPs). Unlike traditional stablecoins, Yama uses a Peg Stability Module (PSM) for zero-fee, zero-slippage swaps between Yama and USDT, and offers high stablecoin APYs. Its unique system incentivizes liquidity through borrower interest, allowing for unprecedented leverage of over 10x and ensuring scalability and resilience, even to USDC depegs.

How does Yama Finance offer high liquidity and leverage?

Yama Finance achieves high liquidity and leverage by using borrower interest to incentivize liquidity rather than relying on external DEXs like Curve or Balancer. This approach allows Yama to offer more than 10x leverage and maintain very high liquidity relative to its market cap. This internal liquidity supports an extremely efficient and scalable lending market while maintaining safety and offering attractive APYs.

What is the Peg Stability Module (PSM) in Yama Finance?

The Peg Stability Module (PSM) in Yama Finance allows users to perform zero-fee and zero-slippage swaps between Yama stablecoin and USDT. Additionally, users can lend their USDT to the PSM and earn yield, while borrowers can borrow Yama against collateral, paying interest that goes largely to USDT lenders. This innovative use of the PSM helps build a resilient and high-liquidity two-sided marketplace.

How does Yama Finance compare to traditional stablecoins in terms of scaling and security?

Yama Finance sets itself apart from traditional stablecoins through its seamless omnichain expansion and robust internal liquidity mechanisms, which do not rely on external DEXs. This provides better scaling potential and stronger resilience against events such as USDC depegs. By utilizing borrower interest to incentivize liquidity, Yama ensures both high scalability and safety, positioning it as a potential leader in decentralized finance solutions.

How can I benefit from using Yama Finance?

By using Yama Finance, you can benefit from high leverage opportunities, zero-fee and zero-slippage swaps, and high stablecoin APYs. You can lend your USDT to earn yield, leveraging the interest paid by borrowers. As Yama Finance ignores external DEXs, it provides an efficient and liquid marketplace for CDPs, enhancing user experience and potentially increasing returns compared to traditional stablecoin platforms.

What networks is Yama Finance deployed on, and are there expansion plans?

Yama Finance is initially deployed on the Arbitrum network, with plans for future expansions to the Fuel and Eclipse networks. This strategic deployment aims to enhance the platform's omnichain scalability, allowing users to take advantage of Yama's unique offerings across multiple blockchain environments.

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