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Yield Protocol

Yield Protocol  

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DeFi

General Info

Funds and Backers

Description

Yield Protocol is a decentralized lending protocol

What is Yield Protocol?

Yield Protocol is an Ethereum-based protocol for collateralized fixed-rate, fixed-term borrowing and lending.

To achieve its goals, Yield uses a class of tokens called fyTokens (fixed yield tokens). fyTokens are Ethereum based ERC-20 tokens that can be redeemed for an underlying asset one-to-one after a predetermined maturity date. For example, if you have one fyDai token, you can redeem it for one Dai after the maturity date.

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