Spectra

Spectra

Spectra is an open interest rate derivatives protocol that allows users to fix rates, trade yield, earn on liquidity, or build applications. It serves various clients, including traders, risk hedgers, organizations, and liquidity providers, by offering tools to manage yield volatility and create new income strategies.
Distributed

Description

Spectra is an open interest rate derivatives protocol designed for a diverse range of users, from individuals to organizations. The platform enables users to fix interest rates, trade yield, earn on their liquidity, and build custom applications. For traders, Spectra offers a new market to gain exposure to yield volatility. Risk hedgers can use the protocol to protect against yield volatility with fixed rates. Organizations can leverage a suite of products to discover new income strategies and manage cash flow efficiently. Liquidity providers can earn extra interest, trading fees, and rewards on top of their existing yield-generating positions. Additionally, developers can build their own strategies and decentralized applications (dApps) by utilizing Spectra's permissionless derivatives layer.