🔴Disclaimers
All the user disclaimers can be found on this page.
Geographic Disclaimer
"Y2K complies with international sanctions, limiting access to our app in the United States, Russia, and North Korea. By using our application, you confirm that you are not accessing it from these restricted jurisdictions. Your use of the app implies acceptance of these restrictions."
Terms of Use & Privacy Policy
Mint
What does mint COLLATERAL mean?
By depositing into the Collateral side, users are selling insurance to the Premium side.
What does mint PREMIUM mean?
By depositing into the Premium side, users are buying insurance from the Collateral side.
How does insurance work?
In the scenario where an asset de-pegs to a degree larger than the strike of a vault pair, the contents of the collateral vault are liquidated and awarded to the Premium vault depositors.
In the event of no de-pegging over the course of an assets' insurance epoch, both Premium and Collateral payments are delivered to the insurance sellers.
Last updated