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Yield

Overview

In this integration, borrowing and lending at a fixed rate are done through the Yieldspace smart contracts. They allow for an automated market making of fyTokens, ERC20 tokens similar to zero-coupon bonds, to synthesise a money market:
  • buying an fyToken is equivalent to lending an asset for a fixed term
  • selling an fyToken is equivalent to borrowing an asset for a fixed term.

Integration

The flows shown below are an overall simplification to be used as examples, they don’t cater for edge cases nor are detailed 100%.

Open a long position

Close long position

Open short position

Close short position

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Overview
Integration