YT (Yield Token)

The Yield Token (YT) represents the yield portion of an underlying yield-bearing asset in FIVA. By holding YT, users continuously receive yield generated by the underlying asset until the maturity date. This rate of yield accumulation is reflected as Underlying APY in the FIVA app.

For example, if you purchase 10 YT-stTON and hold them for five days, you will receive all the yield equivalent to having a 10 TON deposit on Bemo for that same period.

As maturity approaches, the value of YT steadily declines, reaching $0 upon maturity. This is a natural outcome as the yield entitlement from YT ends at maturity.

In FIVA, the FIVA APY represents the rate at which YT is priced by the market at FIVA's AMMs. If the Underlying APY surpass the rate at which you acquired YT (the FIVA APY), you stand to make a profit (earn more yield than you pay for it). This allows users to effectively “long” the yield of an asset by purchasing YT.

Claiming Yield and Rewards from YT

Users can claim any earned yield from their YT holdings (as well as LP rewards) at any time via the FIVA Dashboard. Since YT reaches a value of $0 at maturity, no additional actions are necessary beyond claiming your yield.

For further insights into yield trading, visit the FIVA Strategies section.