Yearn Finance Launches Tokenized Debt Product StableCredit
btcmanager.com
Yearn Finance, one of the most-used yield aggregator pools, launched its stable coin debt product yesterday that allows users to take out tokenized debt loans, as per a release. After that, the USDC and StableCredit USD will be provided into AMM with a 50:50 ratio.
The protocol will automatically calculate the system utilization ratio, up to a maximum of 75%, and the utilization ratio (or 75% max) value of the supplied USDC is minted as StableCredit USD. It added that when users want to repay their debt, they can “sell” the LINK back for StableCredit USD, pay off your debt, and receive your USDC.
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