If you find Timeless interesting and want to use it for your DeFi protocol or DAO, feel free to reach out to us via Twitter DM.
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Introducing Timeless
Timeless is a yield tokenization protocol that offers Perpetual Yield Tokens (PYTs) and Negative Yield Tokens (NYTs).
Timeless enables yield speculation, yield leveraging, and yield hedging, all with deep liquidity via Timeless AMM.
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Unlike existing yield tokens, Timeless PYTs and NYTs are perpetual ERC20 tokens that never expire. This makes them far easier to buy, hold, & use, far easier for other protocols to integrate, and far easier to provide deep liquidity for.
We believe this is a 10x improvement.
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Timeless makes yield speculation easy.
Buy PYTs to long yield rates.
Buy NYTs to short yield rates.
Simple.
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To earn leveraged yield, simply buy PYTs instead of depositing your funds into yield protocols.
e.g.
Depositing $1M with 10% yield gives you $100k a year
Buying $1M of PYTs at $0.5 gives you $200k a year
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If you're lending on
@AaveAave
, hedge against rate decreases by buying NYTs, since they appreciate when rates go down.
If you're borrowing instead, hedge against rate increases by buying PYTs, since they appreciate when rates go up.
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All the above features are further enhanced by the Timeless AMM, which:
- Enables deep liquidity for both PYTs and NYTs
- Allows liquidity providers to keep earning yield from the PYTs in their positions
- Minimizes losses caused by arbitrage for liquidity providers.
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