# FIVA Mechanics

- [Yield Tokenization Process](https://docs.thefiva.com/fiva-mechanics/yield-tokenization-process.md)
- [Protocol Components](https://docs.thefiva.com/fiva-mechanics/protocol-components.md): FIVA Protocol operates through three essential components that work together to enable yield tokenization and trading. Each component serves a specific purpose in the ecosystem:
- [SY (Standardized Yield Token)](https://docs.thefiva.com/fiva-mechanics/protocol-components/sy-standardized-yield-token.md)
- [Yield Stripping](https://docs.thefiva.com/fiva-mechanics/protocol-components/yield-stripping.md)
- [PT (Principal Token)](https://docs.thefiva.com/fiva-mechanics/protocol-components/pt-principal-token.md)
- [YT (Yield Token)](https://docs.thefiva.com/fiva-mechanics/protocol-components/yt-yield-token.md)
- [FIVA's AMM Design](https://docs.thefiva.com/fiva-mechanics/protocol-components/fivas-amm-design.md)
- [Fee Structure](https://docs.thefiva.com/fiva-mechanics/fee-structure.md)
- [P\&L in FIVA](https://docs.thefiva.com/fiva-mechanics/p-and-l-in-fiva.md)


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