Can I avoid being redeemed against?

Yes, you can avoid being redeemed against by choosing not to provide redemption services. However, there are advantages to being a Redemption Provider in the EpsiLoan protocol:

1. Earning Redemption Fees: As a Redemption Provider, you have the opportunity to earn a 1% fee whenever someone redeems their yUSD against your lrETH collateral. This fee serves as a source of revenue for you and incentivizes you to provide redemption services.

2. Partial Loss Mitigation: Even if your collateral is redeemed, you won't experience a total loss. Only a portion of your lrETH position will be lost, and your yUSD debt will be reduced accordingly. This ensures that your exposure to risk is mitigated, and you maintain a portion of your collateral assets.

3. Improved Collateral Ratio: Following a redemption, your collateral rate will increase to a much healthier level. This improvement in collateral ratio enhances the stability and security of your position within the EpsiLoan protocol.

4. Increased ELN Staking Rewards: As an additional incentive, the yield of the ELN staking reward is increased by 50% for Redemption Providers. This adjustment, subject to approval by the EpsiLoan DAO, further aligns incentives and rewards users for participating in the redemption process.

Overall, while providing redemption services exposes you to the possibility of being redeemed against, the benefits, including earning redemption fees, partial loss mitigation, improved collateral ratio, and increased ELN staking rewards, can outweigh the risks for many users.