Overview

Quickstart

The whole protocol in five steps: deposit, split, position, collect. Each step links to a full guide.

  1. 01

    Connect a wallet

    Open the app and connect a Stellar wallet (Freighter or any wallet the connect dialog offers). You need USDC and a little XLM to pay network fees, which are a fraction of a cent per transaction.

  2. 02

    Deposit USDC

    On the Mint page, deposit USDC. The protocol lends it out through the Blend v2 pool and gives you SY in return. SY is your deposit as a token: it grows in value as the lending interest comes in.

  3. 03

    Split into PT and YT

    Split your SY. The protocol locks it up and gives you equal amounts of PT and YT. You now hold the fixed side and the floating side of your own deposit as two separate tokens.

  4. 04

    Take a position

    Hold matched PT and YT and you retain the combined value of the SY-backed position. To take a view, use the Trade page: sell your YT to keep only PT (a locked, fixed rate), or sell your PT to keep only YT (a bet that rates go up). You can also recombine equal PT and YT face amounts into SY shares at the live exchange rate any time before maturity.

  5. 05

    Collect

    YT holders collect their accrued interest on the Portfolio page whenever they like; there is no need to wait for maturity. PT holders get their principal back one-for-one on the same page once the market matures.

Where to next

  • New to yield splitting? Read SY, PT and YT first. It explains what each token is actually worth, in plain terms.
  • Ready to act? The Deposit and split guide walks through the Mint page field by field.
  • Want the machinery? Start at the SY wrapper and read the Protocol design section in order.