What is Yield Protocol?
Yield Protocol introduces fixed-rate borrowing and lending with fixed terms to decentralized finance. The most popular decentralized finance protocols are today floating-rate. While floating-rate lending and borrowing is an effective tool, it is not without drawbacks. Interest rate volatility may occur in these protocols, making it difficult to plan for the future, make investment decisions, and properly hedge risk when borrowing and lending. Yield Protocol addresses these issues.
