Lending Protocol Yeti Finance to Introduce Peg Stability Module for $YUSD

Avalanche-based lending protocol Yeti Finance announced that it will launch Peg Stability Module (PSM) to help keep its stablecoin $YUSD pegged with USD, as well as to enhance the sustainability of the protocol. The module will replace the $YUSD redemption mechanism Yeti Finance has been using. Users will be able to utilize the PSM and trade 1 $USDC for 1 newly minted $YUSD, or trade 1 $YUSD for 1 $USDC from the PSM.