Description
The Yield Protocol is a DeFi standard for creating yTokens, which are asset-backed tokens settling on a future date. Users can generate yTokens by depositing collateral to borrow or short the target asset, or acquire them to lend the asset at variable rates. The protocol also supports creating advanced products like perpetual instruments using yTokens.
The Yield Protocol is a DeFi standard for creating yTokens, which are asset-backed tokens settling on a future date. Users can generate yTokens by depositing collateral to borrow or short the target asset, or acquire them to lend the asset at variable rates. The protocol also supports creating advanced products like perpetual instruments using yTokens.
