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Exponent

Exponent is a decentralized finance (DeFi) protocol on the Solana blockchain that allows users to earn fixed, predictable yields on their assets through Income Tokens, which are traded at a discount until maturity.

Distributed

Employees: 50

Overview

Investments (1)

Jobs (5)

Description

Exponent Income is a decentralized finance (DeFi) protocol built on the Solana blockchain that allows users to earn fixed, predictable yields on their crypto assets. The platform offers 'Income Tokens' which are traded at a discount and accrue value until they reach their maturity date. This provides a way for users to lock in a fixed annual percentage yield (APY), which can be advantageous if they expect the underlying variable APY of an asset to decrease. The platform features various markets with assets from partners like Jito Restaking, Adrena, Maple, and Solv, offering fixed yields on assets such as fragSOL, kySOL, ALP, and USD*. Users can view real-time data on current fixed APY, liquidity, and time remaining until maturity for each market. The protocol emphasizes passive income generation, predictable returns, and the flexibility for users to exit their positions at any time. The platform's smart contracts have been audited by security firms including OtterSec, Sec3, and Neodyme.

Grant Funding

VC Funding

None

2024

$2.1M

Technology & Skills

Uncover the hard and soft skills and tools employed by the organization, and gain insight into the technologies that drive their success