Mint

Deposit the underlying to receive SY, and optionally split it into equal amounts of PT and YT.

Series maturityNot deployed yet

Getting started

Testnet

Connect: an EVM wallet on BOT Chain testnet. All transactions are signed by you.
Approve: the first mint asks you to approve the underlying for the SY vault. The approval is reused on later mints.
Mint: deposit to receive SY, and optionally split it into equal amounts of PT and YT.
Track: see your SY, PT, and YT balances on the Portfolio page after each transaction confirms.

SY balance: —
PT balance: —
YT balance: —
Claimable yield (SY): —

Choose your yield exposure

Fixed PT or variable YT

Lock a fixed rate with PT

Tokenize the bond's cash into PT and YT, then sell the YT. The PT discount is the fixed yield you keep to maturity.

The fixed rate appears once the deployed AMM can be read.

Use mint form

Stay variable or buy YT

Keep the YT to receive future yield, or buy more YT if you want leveraged exposure to the tokenized bond's yield.

Reads the tokenized bond behind the SY vault.

Buy YT

Amount (underlying)

Wallet underlying balance: connect wallet

Mint mode

Deposits the underlying into SY only. You can split later from a separate action.

Market not deployed yet. Connect a wallet and enter an amount to preview once it is live.

Yield source

Tokenized bond (ERC-3643)

ERC-3643 bond

Deposits are routed by the vault's strategy into an ERC-3643 tokenized bond. The SY exchange rate tracks the bond's accrued value.

SY rate: n/a
Underlying: 0x6d4d...8cD9Ea
Bond discount
Bond value / unit: n/a
Strategy assets: n/a
Tokenized bond: 0x970C...D12185

Tokenize into PT + YT

—bond value / unit

n/a to par

Deposits route through the vault's strategy into Tokenized bond (ERC-3643). On EVM each step is an ERC-20 approval followed by the protocol call, so the first mint signs up to three transactions: approve the underlying, deposit for SY, then split SY into PT and YT. The approval is capped once and reused afterwards.

1. Approve the underlying for the SY vault (first time only)
2. Deposit the underlying to mint SY
3. Approve SY for the tokenizer (first time only), then split into PT and YT
4. Optionally sell the newly minted YT to lock a fixed rate

Bond maturity: n/a
Bond supply: n/a
Strategy assets: n/a

Use the mint form

Protocol parameters

Maturity date

Not deployed yet

Token definitions

SY (Standardized Yield)Wrapped: Yield-bearing version of the underlying asset.
PT (Principal Token)Fixed: Redeemable for 1 underlying asset at maturity.
YT (Yield Token)Variable: Receives all yield generated by the underlying SY.

Bond position checklist

Wallet signing stays manual. Each step verifies itself against the configured market as you complete it.

0/4

1Connect a wallet
Waiting
Connect an EVM wallet on BOT Chain testnet.
Not connected
2Get test cash
Waiting
Demo funding supplies tUSD, BOT and issuer-controlled eligibility after authenticating your embedded wallet.
Expected: 0x6d4d017dE8d0A36dce7856Ee989624C6A18cD9Ea
3Deposit, then split
Waiting
Mint approves and deposits cash, then approves SY and splits it into equal PT and YT face amounts. Each required transaction is confirmed separately.
No SY, PT, or YT held yet
Go to mint
4Trade or provide liquidity
Waiting
Buy or sell PT/SY on the trade page, or add PT/SY liquidity on the pool page to earn the market's trading fees. Optional, and available any time before maturity.
No LP position yet
Trade Pool