Yupana.Finance, the open-source, decentralized, non-custodial lending protocol, announced that it is providing the long-awaited credit protocol benefits to the Tezos community.
Now, Tezos users can borrow, lend, and earn rewards like in any other popular DeFi ecosystem.
The first full-fledged lending protocol on Tezos
Yupana was tested extensively by Madfish developers with the entire community’s help and has already launched on the Tezos mainnet.
So now anyone can interact with lending protocol’s tools inside the Tezos world, taking advantage of the decentralized money market protocols.
Using Yupana, lenders provide liquidity and receive passive income, while borrowers take over collateralized loans.
In turn, liquidators are incentivized to close insufficient collateral positions to keep the platform running.
“We’ve worked hard to provide a full-fledged liquidity protocol and I hope that users will enjoy a new level of experience inside the Tezos DeFi ecosystem, which has now become complete and comprehensive.”
Sophia Gorban, the Yupana.Finance product owner
For now, Yupana supports the following assets: TEZ, cTEZ, kUSD, tzBTC, uUSD, and uBTC. , the APY will be determined by the market demand for the corresponding asset. The full review of Yupana is available on the official Madfish blog.
How to Start
For experienced users, exploring Yupana.Finance provides a similar experience to Aave or Compound with a convenient UI.
You may find a more detailed review of how Yupana works and advice on how to get started with it in the guide. Using this link, everyone can start using the first lending protocol in the Tezos space.
About Madfish solutions
Madfish is a leading software development company in the Tezos ecosystem that created fundamental projects such as QuipuSwap DEX, Temple Wallet, and Yupana.Finance.
Madfish products are actively used by almost 200,000 users of the Tezos DeFi sector.
About Tezos
Tezos is the smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today.
For more information, please visit here.
Disclaimer
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
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