UMA’s Yield Farming Yield Dollar

Yes, you read that correctly. UMA, the decentralized financial contract platform, released its third synthetic token – the yield dollar, yUSD. Additionally, UMA decided to add liquidity mining incentives for LPs that provide yUSD liquidity to the yUSD/USDC Balancer pool. Let’s break down this product.

y-USD-SEP20

Without going into too much detail, the yield dollar is a token that represents a zero-c