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  • Yamato Protocol
    • Disclaimer
    • Contract addresses
    • CJPY(Convertible JPY Token)
    • DEX Liquidity
  • Features
    • Deposit & Withdrawal (ETH)
    • Health rate & Fee rate
    • Price Oracle
    • Redemption by user or protocol
    • Yamato Subrogation Repayment
  • User guide
    • Deposit & Withdrawal(ETH)
    • CJPY Borrowing & Repayment
    • Trade CJPY on DEX
  • YMT(Yamato DAO Token)
    • YMT,veYMT
    • veYMT
    • YMT farming
    • Boost: Health Rate & veYMT
    • veYMT gauge voting
  • FAQ
  • Extended Use Cases
    • DeFier
    • Crypto businesses
    • CEX
    • General businesses
  • Contribution to development
    • core
    • expansion
    • frontend
  • Roadmap
    • ~v1.0
    • v1.5
    • v2
    • after v2
    • Layer expansion
  • Audit
  • Others
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On this page
  • Unique features
  • Glossary
  • Pledge

Features

Unique features

  • High Collateral Factor: The protocol permits a minimum health rate of 130%, ensuring efficient use of collateral.

  • Absence of Accrued Interest: Users are subject solely to a one-time issuance fee upon generating CJPY.

  • Non-Forced Liquidation: No penalty for liquidation. Debt positions with health rates below 130% can be redeemed by any users via CJPY acquired from the market.

  • Redemption by protocol: Accrued CJPY fees on protocol can be used to redeem debt position under threshold.

  • Subrogation Mechanism: The protocol employs the accumulated CJPY fees to subrogate debt positions falling below the 100% health rate threshold.

Glossary

Pledge

Pledge is an account in the Yamato Protocol that manages collateral and obligations for each address.

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Last updated 1 year ago