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.