Protocol Components
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:
The Standardized Yield Token (SY) provides a unified interface for wrapping yield-bearing assets
The Principal Token (PT) represents the principal value of the asset, redeemable at maturity
The Yield Token (YT) captures the yield generated by the underlying asset
Understanding how these components interact is crucial for effectively using FIVA's features and implementing various yield strategies. Let's explore each component in detail.
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