Key benefits

The concrete advantages of using Spield — predictable returns, leveraged yield, fee income, and verifiable safety.

Here's what Spield actually gives you, grouped by what you might want.

For savers: certainty

Choose a guaranteed APY for a set term. Once you deposit, your return is fixed — it doesn't move with the market.

PT is a bond, not a leveraged position. There's nothing to get liquidated; held to maturity it returns principal plus the locked yield.

YT lets a small amount of capital capture the yield of a much larger position. If yields beat the implied rate, YT captures the upside.

Buy YT if you think yield will rise; buy PT (lock a fixed rate) if you think it'll fall. Two clean instruments, one market.

Provide PT + USDC to the market and collect a fee on every trade that flows through the pool.

The market's time-decay design means PT drifts to par and YT to zero predictably — so an LP who holds to maturity faces minimal impermanent loss.

Backing is a real, growing on-chain position. The protocol can always pay every PT holder principal and every YT holder yield.

A public solvency view shows, on-chain and in real time, that backing covers everything owed. You don't have to take anyone's word for it.

No wrapped assets, no relayers in the value path — an entire class of cross-chain risk simply isn't present.

Benefit	PT	YT	LP
Predictable, fixed return	✅	—	—
Leveraged yield upside	—	✅	—
Earns trading fees	—	—	✅
Tradable any time before maturity	✅	✅	✅
Backed by real on-chain yield	✅	✅	✅

Ready to try it? Head to Getting Started.