Documentation
Introduction
Welcome to Yield Forge — a protocol that splits DeFi yield into tradeable tokens.
Yield Forge is a permissionless protocol for trading DeFi yield. It takes your liquidity positions — Uniswap V4 and Uniswap V3 — and splits them into two separate tokens:
- PT (Principal Token) — your capital, redeemable at maturity
- YT (Yield Token) — your right to collect swap fees until maturity
This separation lets you do things that weren't possible before: lock in a guaranteed return, bet on future yield, or get leveraged exposure to fees — all without touching the underlying position.
How It Works
- Deposit your LP tokens into a Yield Forge pool
- Receive PT + YT in equal amounts (1:1 with your deposit)
- Use them however you want — hold, trade, or provide liquidity
That's the core loop. Everything else is strategy.
What Can You Do?
| Strategy | How | Risk Level |
|---|---|---|
| Fixed yield | Buy PT at a discount, redeem at maturity value | Low |
| Yield farming | Hold YT, collect all swap fees | Medium |
| Leveraged yield | Sell PT, keep YT — more yield per dollar | High |
| Provide liquidity | Add PT to the secondary market, earn trading fees | Medium |
Where to Go Next
- What is PT/YT? — understand the two tokens in depth
- Quick Start — get up and running in minutes
- Deposit Liquidity — step-by-step minting guide
For Developers
Building on Yield Forge? Start with the Architecture overview or jump to the Integration Guide.