Long Fixed Yield
BT
PT (discounted)
Lock in fixed rate until maturity or renewal
Long Yield / Leveraged
YT
Receive 100% of future yield
Provide Liquidity
LP Shares + PT or YT
Delta-neutral exposure + fees
Instant Mode
LP Shares
All PT/YT automatically swapped back into BT
Fixed Yield
Buy PT at discount → lock in fixed rate until maturity
Institutions, DAOs, stableseekers
Leveraged Yield Farming
Buy YT with leverage → amplify exposure to rising rates
Degens, yield speculators
Yield Hedging
Hold underlying + short YT → lock in current yield regardless of rate drops
Stakers, miners, RWA holders
Basis Trading
Arbitrage discrepancies between Minke implied yield and perps funding rates
High-frequency traders
Structured Products
Combine PT + YT in custom ratios for custom payoff profiles
Funds, vaults builders
Last updated 1 month ago
