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Swivel deposits your tokens into yield generating protocols
Your deposit generates interest and stays locked until a future date.
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Deposited tokens are split into their future cash-flows
You receive 2 tokens in exchange:
Principal Token
Principal tokens (PTs) represent your initial deposit and can be redeemed 1 to 1 for your deposited tokens at maturity.
Yield Token
Yield tokens (YTs) represent the yield generated by your deposit and this yield can be redeemed at any time.
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Trade your tokenized cash-flows on Swivel's exchange
Fixed Yield
Lenders can sell their YTs on Swivel's exchange to lock in a fixed-premium and receive a fixed-yield immediately.
Amplified Yield
Lenders and traders can buy YTs on Swivel's exchange to increase their exposure to future yield. Generated interest can be redeemed at any time.
investors
