I’ve searched around but I cannot understand the benefits of yBorrow? I’ve tried to wrap my head around why people would use it but couldn’t figure it out or find any explanation. Can someone help my smol head?
Probably to put on positive carry trades. If you can borrow at say 5% and lend at 6% you have positive carry of 1% if you can do it with 10x leverage you have positive carry of 10%, 100x -> 100%.
Also possibly for flash loans? you could try googling flash loans in crypto…
you should think yborrow and credit delegated vault together, that is you delegated your token to a vault. And someone who is voted by ygov, he can withdraw specific number tokens. And use the token earn many token.