The Capital Efficient Protocol For Tokenized Cash-Flows

Swivel provides lenders the ability to lock in a fixed-yield or otherwise amplify their yields.

swivel exchange interface preview
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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.

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