Yeti Finance is a cross-margin lending protocol on Avalanche that allows users to borrow up to 21x against their portfolio of LP tokens, staked assets such as sJOE and sAVAX, and yield-bearing stablecoins in a single debt position for 0% interest.
veYETI can be be used for four things:
(1) Boosting $YETI rewards for stability pool staking
(2) Boosting $YETI rewards for liquidity providing for YUSD.
(3) Reducing the protocol’s cut of yield on deposited assets (YUSD rebates)
(4) Getting access to special strategies like Pandora's box (aUST-Anchor).
The veYETI model is designed to incentivize users to accumulate and stake $YETI through providing real utility to farmers and protocol users. When you unstake YETI, you lose your veYETI balance, similar to vePTP and veJOE.