YUSD, issued by the Yeti Finance Protocol smart contracts under the governance of YETI tokenholders, is an over-collateralized stablecoin pegged to the U.S. dollar (USD) that is minted against a diversified portfolio of crypto collateral. [S1][S2]

YUSD targets a value of 1 USD and is not a yield-bearing or rebasing instrument; it does not accrue NAV. [S3][S2] Holders may earn ancillary returns by depositing YUSD into the Stability Pool, receiving a share of liquidated collateral plus YETI farming rewards. [S4] Borrowers minting YUSD bear a one-time deposit fee, a one-time borrow fee, daily interest from a 0.5% starting rate as of November 2, 2022, and redemption fees. [S5][S6]

Sapiens Research offers access to the protocol, with its Terms of Service governed by the laws of the British Virgin Islands. [S7] YUSD is issued algorithmically by smart contracts rather than by a single corporate balance sheet, and a holder's claim is the algorithmically enforced right to redeem YUSD for 1 USD of underlying collateral, minus fees. [S5][S3] The protocol is completely non-custodial; collateral is held in smart contracts with no named third-party custodian. [S5] The protocol and tokens are not offered to United States and United Kingdom persons or to sanctioned territories. [S7][S8]

YUSD operates on the Avalanche blockchain. [S1][S6] It is minted when a user deposits eligible collateral into a trove and draws debt, subject to a per-asset minimum collateral ratio as low as 105% and a 110% system minimum. [S1][S3] It is redeemed for collateral or swapped 1:1 against USDC via a Peg Stability Module. [S3][S4] Settlement is onchain on Avalanche. [S6]

<Sources
  retrievedAt="2026-06-24"
  items={[
    { id: "S1", url: "https://docs.yeti.finance/" },
    { id: "S2", url: "https://techdocs.yeti.finance/yeti-and-yusd/yeti-rewards-and-tokenomics" },
    { id: "S3", url: "https://techdocs.yeti.finance/how-does-yeti-finance-work/redemptions-and-yusd-price-stability" },
    { id: "S4", url: "https://docs.yeti.finance/yeti-and-yusd/protocol-mechanisms" },
    { id: "S5", url: "https://techdocs.yeti.finance/how-does-yeti-finance-work/general" },
    { id: "S6", url: "https://techdocs.yeti.finance/" },
    { id: "S7", url: "https://docs.yeti.finance/terms-of-service.md" },
    { id: "S8", url: "https://docs.yeti.finance/disclaimer-risks-and-yeti-yusd.md" },
  ]}
/>


Stablecoins

Yeti Finance enabled users to borrow YUSD against bundled yield-bearing collateral and distributed fees to YETI stakers; the protocol generated revenue from borrowing fees and redemption fees before becoming inactive.

Yeti Finance was a multi-collateral lending protocol on Avalanche issuing the YUSD stablecoin. The protocol has been inactive since 2023; YUSD remains on-chain with limited liquidity.

Yeti Finance was a borrowing protocol on Avalanche that allowed users to mint YUSD stablecoin against a portfolio of yield-bearing collateral assets. The protocol has been inactive since 2023.

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Yeti Finance

Yeti Finance YUSD (YUSD) is a U.S. dollar stablecoin issued by Yeti Finance.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can mint and redeem directly with Yeti Finance, and holders have a contractual right to redeem at par.

YUSD has been issued on Avalanche as an ERC-20 token since April 2022.

Yeti Finance YUSDYUSD

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