Problem

FIVA addresses the challenges of fluctuating yields in the crypto space and the barriers small capital holders face when farming yield. Our goal is to equip users with tools to maximize their earnings and create wealth in the cryptocurrency ecosystem.

Yield is a core pillar of DeFi, providing some of the best opportunities to generate wealth with a favorable risk-reward ratio. However, managing yield is complex, as it constantly changes, requiring sophisticated strategies to remain profitable. Experienced investors continually look for ways to manage their risk and exposure. With FIVA, users can hedge against yield decreases or amplify their exposure by leveraging up to 20x on the yield of underlying protocols.

Another challenge is tracking DeFi protocols to find the most lucrative opportunities. FIVA’s ambition extends beyond yield management — we are building a comprehensive yield marketplace where users can discover the best DeFi yield opportunities across protocols. This platform consolidates yield opportunities, offering users leverage and risk management tools in one place.

Alternatives

Currently, there are alternatives on EVM blockchains, such as Pendle, which inspired the FIVA team to develop this protocol. However, there are no similar solutions in the TON ecosystem. FIVA aims to fill this gap by building the next layer of DeFi for the TON community. Our goal is to integrate all DeFi protocols on TON, helping the ecosystem mature and scale to the next level by creating a standardized approach for integration, making DeFi more interoperable and accessible for millions of users.

FIVA stands apart from competitors because it is built natively on the TON ecosystem, which is the most scalable blockchain with dynamic sharding, capable of handling thousands to millions of TPS. This scalability, along with seamless integration with other blockchains, positions FIVA as a go-to platform for yield management. Moreover, our presence in Telegram, where much of the crypto community spends time, makes yield just one click away.

These factors uniquely position FIVA to deliver the best yield opportunities in crypto to billions of users.

Solution

Our solution is straightforward: we split yield-bearing assets into two tokens and create a market for them. This market allows the price of these tokens to be determined by supply and demand, creating opportunities for speculators and institutional investors alike. By doing this, we bring a native derivative market to the TON ecosystem, similar to bond stripping in traditional finance, where the principal and interest of bonds are separated.

We also lay the groundwork for an interest rate swap (IRS) market, where both floating and fixed yield legs can be traded. The traditional finance (TradFi) equivalent of this market is in the trillions of dollars in over-the-counter (OTC) markets. FIVA’s toolset gives users, especially institutional investors, the ability to access sophisticated trading strategies and better risk-reward opportunities, along with hedge instruments for yield exposure.

Technically, FIVA locks yield-bearing assets in smart contracts and mints two tokens: one representing the principal and one representing the yield. These tokens are issued with a defined maturity date, allowing the market to estimate and predict the future yield of the asset. FIVA’s AMM (Automated Market Maker) enables efficient trading of these tokens and ensures market-driven pricing.

This approach opens up a wide range of DeFi yield strategies with varying risks and rewards. Users can lock in fixed yields, leverage their positions up to 20x, or combine FIVA strategies with other DeFi protocols like EVAA for more capital efficiency. Additionally, users can provide liquidity to pools, farm trading fees, and earn rewards, becoming an integral part of the protocol’s growth.