It removes the need for complex wallet set-up, you can just login with passkey.
Each user gets a native BTC, EVM, and ICP addresses linked to their account. They can deposit BTC from Bitcoin mainnet, USDC from Base, ICP from ICP.
Yusan comes with the unique feature of the liquidation pool. No more MEV bots sniping liquidation bonus anymore. Regular users can now stake in a pool to liquidate unhealthy positions and share the liquidation bonus pro-rata between themselves.
The current supply caps per assets are:
0.1 BTC
3’000 ICP
20’000 USDC
For any further questions and feedback on this alpha release make sure to join the Yusan Discord.
Was much needed, good luck, we are going to be one of your first customers for borrowing and lending tomorrow if everything works . If there is an independent audit will be comfortable with multiples of our contribution tomorrow.
Tried it today with ICP, it was a good experience. If you can highlight to users the loan to value in percentage that would be nice because I had to experiment a little and the error was on code. Also there is a hardcoded ledger in the ICP side when you withdraw which might confuse some people. Looking forward to full release, through out the week will try out with other currencies.
Edit @Yusan when I tried to repay the loan I took in ICP against my ICP I wanted to pay max which I did but there is still 0.0332 in debt when I try to repay it gives fee error