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
how_it_works / 01

Swivel deposits your tokens into yield generating protocols

Your deposit generates interest and stays locked until a future date.

how_it_works / 02

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.

how_it_works / 03

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

Backed by industry leaders