Defrost Finance ‘unfreezes’ Yield Yak farming tokens to use as Super Vault collateral

Defrost Finance has launched new Super Vaults to include certain Yield Yak yield-bearing assets as collateral. Mint Defrost Finance’s USD soft-pegged stablecoin H2O while you earn yield on your deposited asset. It’s a powerful combination to retain yield bearing capabilities while also gaining the ability to borrow. For more information on Defrost Finance and it’s H2O and MELT tokens and how it leverages Yield Yak, see below. What is Defrost Finance? Defrost Finance is a decentralized protocol that allows you to leverage LP Tokens or other pool tokens from Avalanche and cross-chain protocols as collateral for generating H2O. Loans using your LP tokens as collateral are paid in the form of H2O (soft-pegged stablecoin) and each vault requires maintaining a healthy collateral position. H2O H2O is a stablecoin that can be minted by staking different LP tokens or other pool tokens in a vault, which will always be over-collateralized. It is soft pegged 1:1...
Source : Defrost Finance ‘unfreezes’ Yield Yak farming tokens to use as Super Vault collateral

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