About Minke Finance

Minke Finance is a permissionless structured protocol of yield-tokenization and trading natively built on Sei, heavily inspired by Pendle but optimized from the ground up for Sei’s parallelized EVM architecture and orderbook ecosystem.

Core product: Yield Swap

• Users can deposit yield-bearing assets into Minke.

• Each deposit is automatically split into two ERC-20 tokens:

  • PT (Principal Token): represents the principal, redeemable 1:1 for the underlying asset at maturity. Trades at a discount when the yield is positive.

  • YT (Yield Token): represents the rights to all future yield until maturity. Can trade at a significant premium when yield is expected to rise.

• PT and YT are fully composable standard tokens that can be traded on any Sei DEX (spot or orderbook), used as collateral, or combined in other strategies.

• Long-term expiries (3/6/12 months) and deep liquidity pools enable genuine fixed-income and yield-speculation markets for the first time on a high-performance chain.

By bringing Pendle-style yield trading to Sei, Minke Finance unlocks:

• True fixed-rate borrowing/lending rates for institutions and DAOs

• Leveraged yield farming and directional yield bets for speculators

• Structured products and basis trading opportunities for sophisticated traders

• A missing fixed-income layer for the entire Sei DeFi ecosystem

Minke Finance is designed from day one to leverage Sei’s speed, low fees, and orderbook infrastructure to become the canonical home for yield trading in the fastest DeFi ecosystem.