About
Swivel is the most efficient protocol for fixed-rate lending and rate trading. At our core, we decompose yield bearing deposits (e.g. cTokens, fTokens, etc.,) into two components: A. Yield Tokens -- Represent the claim to future yield B. Principal Tokens -- Represent the claim to the principal deposit This mechanism then enables the creation of instruments like fixed-rates (selling future yield) or alternative yield-generation strategies through the trade of yield tokens.Swivel is the most efficient protocol for fixed-rate lending and rate trading. At our core, we decompose yield bearing deposits (e.g. cTokens, fTokens, etc.,) into two components:
A. Yield Tokens -- Represent the claim to future yield
B. Principal Tokens -- Represent the claim to the principal deposit
This mechanism then enables the creation of instruments like fixed-rates (selling future yield) or alternative yield-generation strategies through the trade of yield tokens.
Prizes
🏆 Swivel is offering:
Best creative integration, "Hackathon Idea" or trading strategy implementation:
🥇 - $2500
🥈 - $1500
🥉 - $1000
You must explicitly apply for this prize during the submission process to be eligible to win
Getting Started
Swivel Docs: https://docs.swivel.finance
Swivel.js: https://github.com/Swivel-Finance/swivel-js
Swivel.py: https://github.com/Swivel-Finance/swivel-py
Old js integration walkthrough: https://www.youtube.com/watch?v=cFnVU6XoxwY
