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.