Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Boboye Lincoln Adeyemi on January 11, 2022, 04:08:15 PM

Title: youves: Your tool on Tezos for asset creation and management.
Post by: Boboye Lincoln Adeyemi on January 11, 2022, 04:08:15 PM

youves is a decentralized, self-governing, and non-custodial platform for the creation and management of synthetic assets that are secured by eligible collateral. The platform and its smart contracts are built on the Tezos blockchain.
For example, users can become minters by posting and locking eligible collateral in a vault and creating synthetic assets. The first type of synthetic asset is youves tracker tokens. The available assets are visible here.

The youves tracker tokens can be sold or transferred to other parties. Minters will have the possibility to leverage their cryptocurrency exposure as they can sell their youves tracker tokens against such cryptocurrency which increases their exposure to the applicable cryptocurrency price. Holders of the youves tracker tokens can diversify their volatile cryptocurrency asset exposure without having to access the fiat currency world.

Title: Re: youves: Your tool on Tezos for asset creation and management.
Post by: Rokoto on January 19, 2022, 10:31:58 AM

Nice article. I think youves is quite similar to some other DEFI platforms like MakerDAO and Kolibri which also run on the Tezos ecosystem. Would definitely try it out

Title: Re: youves: Your tool on Tezos for asset creation and management.
Post by: Boboye Lincoln Adeyemi on February 09, 2022, 11:04:58 AM

youves is the biggest DeFi platform on the Tezos Blockchain. A total of 5 million was locked on the platform within the last week. Amzing growth.