Y2K (Y2K)

Y2K is a decentralized finance (DeFi) project that offers robust risk management and speculation opportunities for exotic peg derivatives. With $12,493,98 and $33,539,582,901 deposited across 10 markets, Y2K allows users to hedge against the de-pegging of assets or underwrite the risk to earn a premium. The platform utilizes the Earthquake vault, where users can deposit ETH collateral to hedge risk in respective markets or underwrite the risk of depeg events. Y2K also offers farming rewards through staking Earthquake Vault tokens, allowing users to earn and claim farming rewards at any time. Additionally, Y2K allows users to acquire discounted $Y2K through its bonding feature, which offers higher returns, and lock $Y2K to accumulate a larger share of governance power and accrue protocol fee revenue.

Y2K partners with various projects to enhance its offerings. One such partner is Chainlink, a decentralized oracle network that provides reliable and tamper-proof inputs and outputs for complex smart contracts. Y2K utilizes Chainlink oracles to define the strike prices of Earthquake Vaults and read live market data for depeg events. The project also leverages Chainlink Keepers to trigger depeg events when the strike price is reached. Another partner is Sturdy Finance, a DeFi lending protocol that offers high-yield deposits and interest-free loans. Sturdy Finance and Y2K collaborate to offer peg insurance for stablecoin LP collateral through a Y2K referral link displayed on the Sturdy Finance front end. Y2K also utilizes Balancer, an automated market maker (AMM) protocol, for liquidity via a weighted pool. Additionally, Y2K integrates with Delorean Exchange, enabling users to hedge against underlying assets’ depeg for GLP and jGLP using a fraction of the generated yield.

Y2K strongly emphasizes the security and safety of user assets. The project thoroughly audits all its contracts to ensure maximum investment protection. By integrating reputable partners like Chainlink, Sturdy Finance, Balancer, and Delorean Exchange, Y2K aims to provide users with a comprehensive suite of DeFi solutions while prioritizing the security and privacy of their assets. Users can stay updated with the latest news about Y2K through their news section, which provides information on new features, partnerships, and announcements.