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Sense Finance
Sense Finance is an open-source software development company that built the initial version of the Sense Protocol, decentralized infrastructure for DeFi fixed-income and future-yield markets. The project was sunset and its UI was scheduled for deprecation in Q4 2023.
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Sense Protocol
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Description
Sense Protocol provides decentralized infrastructure for fixed income in DeFi. It breaks variable yield-bearing assets into fixed-term Principal Tokens (PTs) and Yield Tokens (YTs), which trade through the Sense Space custom AMM. Users can hold PTs to earn a fixed rate, use PTs and YTs to take positions on future yields, or provide liquidity to Sense Space pools. The rendered site describes a permissive market-creation design and states that it creates no new debt, liquidations, or protocol insolvency risk.Category: Derivatives
TVL: $23K
Chains:
Sense
Project Links
Description
Sense provides an interface for yield trading and fixed-rate strategies. Users can buy Yield Tokens to take long positions on future yields or Principal Tokens to take short yield positions and hold them to maturity for a fixed APY. It also supports liquidity provision to Space AMM pools for variable yield and trading fees. The rendered notice states that the Sense Project was winding down and its UI would be deprecated in Q4 2023, with users advised to withdraw remaining funds by December 1, 2023.Category: Derivatives