FIVA
  • FIVA Overview
    • Introduction
    • Problem & Solution
    • Importance to the Space
  • FIVA Mechanics
    • Glossary
    • Understanding the Basics
    • Protocol Components
      • SY (Standardized Yield Token)
      • Yield Stripping
      • PT (Principal Token)
      • YT (Yield Token)
      • FIVA's AMM Design
    • Fee Structure
    • P&L in FIVA
    • FAQ
  • FIVA Manual
    • Getting Started
    • Use Cases
    • PT - Fixing Yield
    • YT - Leveraged Yield Farming
    • LP - Liquidity Provision
    • Mint - Get Liquidity from Future Yields Today
    • Arbitrage Opportunities
  • FIVA Strategies
    • EVAA
      • PT - Fixed USDT Yield
      • YT - EVAA Point Farming with up to 250x Multiplier
      • LP - Enhancing Your EVAA Returns
      • Mint - Get you Future USDT Yield now
    • Ethena
      • PT - Fixed USDe Returns
      • YT - Farming Ethena Airdrop with 60x Multiplier
      • LP - Multiple Income Streams
    • Storm Trade
      • PT - Fixed Yield on SLP
      • YT - Efficient Reward & Yield Farming on Storm
      • LP - Maximizing Returns from Storm Vaults
      • Max Supply - Determination Framework for Storm SLP Market
    • Tonstakers
      • LP - Enhancing Your Tonstakers Returns
  • FIVA Rewards
    • The Points System
    • Genesis Pass Collection
  • FIVA Pioneers Campaign
  • Security
    • Risks
      • Smart Contract Risk
      • Underlying Protocol Risk
      • Oracle Risk
      • PT Risks
        • Market Risk
        • Liquidity Risk
      • YT Risks
        • Market Risk
        • Implied Leverage
        • Zero Value at Maturity
        • Liquidity Risk
      • LP Risks
        • Impermanent Loss
        • Market Risk
        • Additional Considerations for LPs
    • Audit Report - Tonbit
  • Links
    • Website
    • Telegram App
    • Telegram Channel
    • Telegram Community
    • X (Twitter)
Powered by GitBook
On this page
  1. FIVA Mechanics
  2. Protocol Components

SY (Standardized Yield Token)

SY is a token standard designed to implement a unified interface for wrapped yield-bearing tokens within smart contracts. Through SY, all yield-bearing tokens can be wrapped, allowing them to operate under a common interface that simplifies interaction and development. SY expands FIVA’s yield tokenisation capabilities across the DeFi ecosystem, fostering a permissionless environment for yield-bearing tokens.

For instance, tokens such as stTON, tsTON, and USDe can be wrapped into SY-stTON, SY-tsTON, and SY-USDe, creating a standardized framework for their yield-generating mechanisms to be integrated into FIVA.

Since all SY tokens follow the same mechanism, FIVA uses SY as the primary interface for engaging with yield-bearing tokens. Principal Tokens (PT) and Yield Tokens (YT) are minted from SY, and the FIVA AMM facilitates the trading of PT against SY.

Though this process may seem complex, FIVA automatically handles the conversion of yield-bearing tokens into SY and back. This ensures that users feel as though they are directly interacting with their yield-bearing tokens, without needing to manually manage SY and token conversions.

PreviousProtocol ComponentsNextYield Stripping

Last updated 7 months ago