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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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  1. Features

Yamato Subrogation Repayment

When the health rate is less than 100%, a CJPY obligation remains even after redemption.

Such Pledges will be paid back in CJPY through Yamato subrogation. (The CJPY fees accumulated in Yamato is used for subrogation.)

The trigger executor gets 1% of the repayment amount in CJPY.

Repayment proceeds in the order of occurrence of the target pledges. The repayment depends on availability of CJPY in pool hence the timing is not guaranteed.

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Last updated 1 year ago