Swivel Finance

Swivel Finance is a pioneering decentralized protocol on the Ethereum blockchain, focusing on fixed-rate lending and interest-rate derivatives, particularly enabling users to secure fixed interest rates or speculate on future rates. As a notable addition to the DeFi ecosystem, Swivel facilitates a connection among borrowers, lenders, and traders, seeking to enhance financial instrument diversification. It addresses the vast market of interest-rate derivatives, leveraging over $6.5 trillion traded daily, by offering streamlined trading, increased capital efficiency, and access to significant liquidity pools without the complexities traditionally associated with zero-coupon bonds. Unique to Swivel are its design features: independence from oracles, protection against liquidation for users, and integration with prominent liquidity providers like Compound and Aave to enhance overall security and minimize smart contract risks. This approach not only simplifies the trading process but also introduces a highly leveraged opportunity for interest rate speculation within the crypto domain.