
Yield Protocol
32 Watchlists
DeFi
Status
Market Data Unavailable
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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