Tokenized yield credit via yCredit

Disclaimers: yCredit is experimental. yCredit is not a speculative token. yCredit can be economically exploited.

Built off of the original stable credit, yCredit allows users to deposit ERC20 tokens and receive a 99.5% USD based credit line represented via the yCREDIT ERC20 token.

If you deposit $100 worth of AAVE, you will receive 99.5 yCREDIT. If you burn 100 yCREDIT you will receive your AAVE.

Yield

Every deposit, trade, swap, borrow, or repay incurs a 0.5% fee. These fees are distributed to any user that stakes yCredit in the yCredit contract.

yCredit above peg

If yCredit is above peg, users can profit by minting yCredit and selling yCredit for the relevant ERC20 that is above peg.

yCredit below peg

If yCredit is below peg, users can profit from arbitrage by selling the relevant ERC20 for yCredit, and optionally, burning the yCredit to unlock their original minting position.

Leverage / Lending

With yCredit you can borrow / purchase any ERC20 that is currently being used as collateral in the system.

Accepted collateral

AAVE, BNB, BUSD, CRV, COMP, DAI, ETH, LINK, MKR, REN, renBTC, SNX, SUSD, TUSD, UNI, USDC, USDT, wNXM, wBTC, YFI

Disclaimers: yCredit is experimental. yCredit is not a speculative token. yCredit can be economically exploited.