Yield Protocol

Yield is an Ethereum protocol to bring fixed-term, fixed-rate lending and interest-rate markets to decentralized finance.

The protocol's mission is to make fixed-rate borrowing and lending a fundamental part of decentralized finance. The protocol team believes that fixed-rate borrowing and lending will be essential to attract the first billion DeFi users.

Yield Protocol brings collateralized fixed-rate,fixed-term borrowing and lending and interest rate markets to decentralized finance.

This solves a major pain point around today's DeFi lending protocols: predictable interest rates. Existing DeFi protocols offer only variable interest rates. These protocols may experience interest rate volatility that can make it difficult for you to plan for the future, make investment decisions, and properly hedge risk when borrowing and lending.

Yield Protocol allows you to have a "set and forget" experience, instead of constantly rebalancing your assets across DeFi in an effort to minimize your borrow rates or maximize your lending yields. We accomplish that with a new primitive, fixed yield tokens, or fyTokens for short. fyTokens are Ethereum-based tokens (ERC20) that may be redeemed one-for-one for a target asset after a predetermined maturity date.

The Yield Protocol provides decentralized finance in the markets for secured fixed-rate loans, term loans and credits, and interest rates.

This solves a major problem with today's DeFi lending protocols: predictable interest rates. Existing DeFi protocols only offer variable interest rates. These protocols can experience interest rate volatility, which can make it difficult for you to plan ahead, make investment decisions, and properly hedge your borrowing and lending risks.

The yield protocol allows you to “set it and forget it” instead of constantly balancing your DeFi holdings in an attempt to minimize borrowing rates or maximize lending yields. We achieve this with new primitive fixed income tokens, or fyTokens for short. fyTokens are Ethereum (ERC20) based tokens that can be redeemed one by one for a target asset after a predetermined redemption date.

The Yield Protocol provides decentralized finance in the markets for secured fixed-rate loans, term loans and credits, and interest rates.

This solves a major problem with today's DeFi lending protocols: predictable interest rates. Existing DeFi protocols only offer variable interest rates. These protocols can experience interest rate volatility, which can make it difficult for you to plan ahead, make investment decisions, and properly hedge your borrowing and lending risks.

The yield protocol allows you to “set it and forget it” instead of constantly balancing your DeFi holdings in an attempt to minimize borrowing rates or maximize lending yields. We achieve this with new primitive fixed income tokens, or fyTokens for short. fyTokens are Ethereum (ERC20) based tokens that can be redeemed one by one for a target asset after a predetermined redemption date.