Youves

Youves is a decentralized finance (DeFi) platform built on the Tezos blockchain. It enables users to mint and trade synthetic assets, primarily focused on providing access to stablecoins and tokenized stocks. Youves aims to provide a censorship-resistant and transparent alternative to traditional financial instruments.

Key Features:

• Synthetic Assets: Youves allows users to create and trade synthetic assets, which are tokens that mimic the value of other assets, such as the US dollar or stocks. These assets are collateralized with Tezos (XTZ).
• Stablecoins: A core offering of Youves is the creation and management of stablecoins, pegged to fiat currencies like the Euro (uUSD, uEUR). These stablecoins aim to provide stability and accessibility within the Tezos ecosystem.
• Decentralized Governance: The platform utilizes decentralized governance mechanisms, allowing token holders to participate in decision-making processes related to the protocol's development and parameters.
• Over-collateralization: To maintain stability and security, Youves uses an over-collateralization model. This means that the value of the collateral used to mint synthetic assets is higher than the value of the assets themselves, mitigating the risk of under-collateralization in volatile market conditions.
• Smart Contracts: The entire platform operates via smart contracts on the Tezos blockchain, ensuring transparency and immutability of transactions and processes.

Purpose:

Youves seeks to democratize access to financial instruments by providing a decentralized and transparent platform for minting and trading synthetic assets. It aims to overcome geographical barriers and regulatory complexities associated with traditional finance.

Underlying Technology:

Youves leverages the features of the Tezos blockchain, including its self-amending nature, which allows for seamless upgrades and improvements to the protocol without hard forks. The use of Liquidity Baking also contributes to increased stability for stablecoins.

Risks:

As with any DeFi platform, Youves carries inherent risks, including smart contract risks, market volatility, and the possibility of liquidation if collateral falls below a certain threshold. Users should conduct thorough research and understand these risks before participating in the platform.