IYU Finance is an advanced decentralized platform that instills stability in the dynamic realm of cryptocurrency. It operates on the concept of Liquid Staking Tokens (LSTs), focusing on ETH, and other ETH proof-of-stake LSTs.
What is Liquid Staking Tokens (LST)?
LSTs, or Liquid Staking Tokens, play a crucial role as tokens that represent the value of staked ETH for users. It introduces a fresh perspective on liquidity and provides opportunities for enhanced yield. These tokens serve as a tangible representation of staked ETH within Ethereum staking pools. It also tackles the longstanding challenge of finding a balance between earning rewards through staking and maintaining liquidity for other yield-generating activities.
The versatility of LSTs is evident, as they are fully tradable. This feature empowers users to stake ETH for passive income while simultaneously utilizing their LSTs across various DeFi applications to generate additional revenue. This transformative capability effectively resolves the liquidity dilemma associated with staked ETH, marking the advent of a new era with high-yield investment opportunities for one of the most trusted assets in the cryptocurrency space.
What Does IYU Finance Do?
IYU Finance is the first Omnichain LST-backed, yield-bearing stablecoin solution globally. It addresses the crucial requirement for profit-generating utility to unlock the extensive potential of Liquid Staking Tokens (LSTs).
To achieve this milestone, IYU Finance introduces a revolutionary approach: IUSD Stablecoins. It is a specialized category within the cryptocurrency realm, aim to mirror the value of fiat currencies like USD at a 1:1 ratio. Given the current landscape of heightened inflation, it becomes imperative for stablecoin holders to earn interest to safeguard their purchasing power. The existing generation of stablecoins falls short in providing interest income to holders due to limitations in their issuance and collateralization mechanisms.
How Does IYU FInance Maintain the Stability of IUSD?
The stability of iUSD is meticulously maintained through a comprehensive strategy that integrates overcollateralization, liquidation mechanisms, and arbitrage opportunities. These components work in tandem to keep iUSD’s value closely pegged to its intended 1 USD value.
- Over-collateralization: Each iUSD is backed by a minimum of $1.5 worth of Liquid Staking Tokens (LSTs) as collateral. Over-collateralization serves as a foundational measure, mitigating insolvency risks and providing a secure base for iUSD holders.
- Liquidation Mechanisms: The iYU Finance Protocol incorporates robust liquidation mechanisms to protect against undercollateralized positions. If a user’s collateral rate falls below the safe Collateral Rate, designated Liquidators can intervene to purchase the liquidated portion of collateralized LST using the corresponding iUSD (100% – Liquidation Reward Rate). This mechanism exerts upward pressure on iUSD, reinforcing stability.
- Arbitrage Opportunities: Arbitrage opportunities play a pivotal role in correcting deviations of iUSD from its 1 USD peg. Users leverage these disparities to capitalize on profit and restore iUSD to its intended value.
Where to buy IYU Token
You can find IYU Tokens here at MEXC! We are listing IYU/USDT in our Innovation Zone!
What is the Price of IYU Tokens?
The IYU Token is currently trading at MEXC with a live price of $0.1196. You can check the live price of their token right here!
How to buy IYU Tokens on MEXC
You can buy IYU Tokens on MEXC by following the steps:
- Log in to your MEXC account. Click on [Spot].
- Search “IYU” using the search bar to see the available trading pairs. Take IYU/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of IYU you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy IYU] to confirm your order. You will find the purchased IYU in your Spot Wallet.
You can find a detailed guide on how to buy IYU Tokens here.
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