Tokenize the Yield. Fixed-rate and perpetual yield markets on Hedera.
Add USDC + WHBAR to the SY adapter. It mints SY shares and adds liquidity to a fixed-range V3 LP NFT. No swap, no slippage at the SY layer.
1 SY → 1 PT + 1 YT. Both are HTS-native tokens, visible in HashPack and Blade. PT is principal, YT is the future fee stream — separable and tradeable.
Sell PT to a fixed-yield buyer for an upfront discount. Sell YT to a yield speculator. Or LP both into the AMM and earn 99% of swap fees.
Fixed yield, no surprises
Lock in a known APY today. Buy PT at a discount and redeem 1:1 for SY at maturity. Your return is decided at buy time and is paid by YT speculators on the other side of the trade.
Leveraged exposure to V3 fees
Pay a premium today, claim USDC + WHBAR continuously as the SY's V3 NFT earns fees. YT does NOT expire in our design — it keeps earning forever.
Mint both halves, no fee
1 SY in, 1 PT + 1 YT out. Pure 1:1 mint with no AMM trade. Sell one side for SY, hedge, or LP both halves into the AMM and earn 99% of swap fees.
Don't confuse them. PT, YT, and LP each earn from different sources.
100% to YT holders
When traders swap WHBAR↔USDC on SaucerSwap, the V3 pool charges 0.3%. Our SY's NFT collects its pro-rata share. Every harvest, the fees flow as USDC + WHBAR to YT holders proportional to YT balance — not to LPs, not to the protocol.
99% to LPs, 1% to treasury
When traders swap PT↔SY on our AMM, we charge a small logit-curve fee. After our 2026-05-10 update, 99% of that fee compounds back into LP token value. The protocol's only revenue is the 1% treasury cut.
No EVM Safe — the protocol's admin is a Hedera-native multi-key account. Two signers, mixed-curve (ECDSA + Ed25519). Any privileged call needs both signatures via HashPack.
Every privileged tx flows through OZ TimelockController with a 48-hour public delay. Emergency pause is the only single-step path; all parameter changes are reviewable on-chain.
269 unit + invariant tests, 8 invariants × 256K random calls, 0 reverts. Two internal audit passes; all H/M closed. Fork tests against mainnet NPM + Stader oracles.
No. If you want a fixed APY on your SaucerSwap LP exposure, click Buy PT and forget it. The complexity matters only when you're choosing between roles.
PT is an HTS token in your wallet. Standard self-custody — losing access to your wallet means losing access to the position. Not protocol-recoverable.
Our SY uses a reward-streaming pattern: exchangeRate stays at 1e18 forever, the V3 NFT keeps earning fees indefinitely. YT remains a perpetual claim on those fees. Standard rate-bearing markets do retire YT at expiry; ours does not.
After multisig handoff, all admin-gated functions are owned by a 2-of-2 Hedera ThresholdKey wrapped behind a 48-hour OZ TimelockController. No single signer can touch funds without a 48h public window.
Two internal audit passes complete (24 + 9 findings, all H/M closed). External audit is on the path before the next chain expansion. Read the full audit notes in the repo.