🌟YAI Brief Overview
Why Ethereum?
Given that the YAI has been built to manage billions of dollars worth of assets, a well researched, secure, decentralized and scalable blockchain is necessary. Ethereum is the most suitable blockchain that meets the requirements to fulfill Rosyn’s mission.
Brief Overview 🌟
Welcome to YAI, a decentralized synthetic assets protocol on the Ethereum blockchain. Rosyn facilitates secure and efficient trading through iAssets, enabling straightforward transactions and strategic trading.
Users can mint and trade synthetic assets like iUSD, a stablecoin, and other assets such as iBTC and iETH, which mirror the value of Bitcoin and Ethereum, respectively. These iAssets provide diverse trading and investment opportunities within the Ethereum ecosystem.
Collateralized Debt Positions (CDPs) and Liquid Staking allow users to collateralize assets while continuing to earn ADA rewards from the Ethereum network, ensuring users can maximize their yield across the protocol.
Stability Pools play a vital role in maintaining the protocol’s liquidity and stability by managing debt from liquidated CDPs and ensuring the solvency of iAssets.
Through INDY Staking, INDY holders and DAO members can engage in protocol governance, influencing its direction while earning multi-yield rewards, and aligning governance with tangible benefits for its participants.
YAI is designed to cater to traders, liquidity providers, and governance enthusiasts, offering a range of opportunities in the decentralized finance space on Ethereum.
How do I interact with YAI?
To interact with the YAI, you simply need to:
Select the iAsset you wish to mint.
Deposit an amount of ADA as collateral
Choose a collateral ratio (this will impact the amount of iAssets you are able to mint).
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