Developer YFI released the announcement of the yCredit token experiment.

On December 31, YFI founder Andre Cronje published an interim article outlining the new terms established by yCredit, based on AMM securities and mortgages. Users can borrow ERC20 assets to get 99.5% discount on yCredit secured credit card loans. He also said that yCredit is not a reliable idea, that it is still in testing and can be stolen.