FAQ
Common questions about Yield Forge.
General
What is Yield Forge?
A permissionless protocol that splits DeFi liquidity positions into two tokens: PT (your capital) and YT (your yield). This lets you trade principal and yield separately — lock in fixed returns, bet on yield, or get leveraged exposure.
Which protocols does it support?
Uniswap V4, Uniswap V3, and Curve. Each protocol has a dedicated adapter that handles deposits, withdrawals, and fee collection.
What networks can I use?
Ethereum Mainnet and Arbitrum One. Check the app for the latest supported chains.
Is there a token or governance?
No. Yield Forge has no governance token. Protocol parameters are managed by the owner through a 48-hour timelock.
Deposits & Positions
How do I start?
Connect your wallet, go to Pools, pick a pool, and click Add Liquidity. You'll receive PT + YT. See the Quick Start guide.
What do I get when I deposit?
Equal amounts of PT and YT. PT is redeemable for your capital at maturity. YT earns swap fees until maturity.
Can I deposit just one token?
No. You need to provide both tokens of the pair (e.g., WBTC + USDT).
Trading
Can I exit before maturity?
Yes. Sell your PT on the secondary market at any time. You'll sell at the current market price (usually a slight discount to face value).
How do I trade YT?
YT trades on a peer-to-peer orderbook, not an AMM. You place limit orders or fill existing ones.
What determines the PT price?
Supply and demand on the AMM. The price implies a fixed APY — bigger discount = higher yield. See PT Pricing.
Yield & Redemption
Where does the yield come from?
Swap fees generated by the underlying pool (Uniswap or Curve). Yield Forge doesn't create yield — it tokenizes existing yield from real DeFi activity.
How do I claim yield?
Go to your pool page, click Harvest (pulls fees from the underlying protocol), then Claim (sends to your wallet). See the Claim Yield guide.
What happens at maturity?
PT becomes redeemable for the full underlying value. YT stops earning new yield (but you can still claim uncollected yield).
What if I miss the maturity date?
Nothing bad. PT stays redeemable forever. Your funds don't expire. You just stop earning new yield on YT.
Fees
Are there fees for depositing?
No protocol fees for minting or redeeming. You only pay gas.
What fees does the protocol charge?
5% of harvested yield, 0.10%-0.50% on PT swaps, and 0.30% on YT order fills. All immutable. See the Fees page for full details.
Security
Is Yield Forge audited?
The protocol is currently undergoing security review. No formal third-party audit has been completed yet. See Audits for the latest status.
Can the team steal my funds?
No. Funds are deposited into the underlying protocol (Uniswap, Curve), not an admin-controlled wallet. All administrative changes require a 48-hour timelock. See Security.
What if something goes wrong?
A pause guardian can instantly halt the protocol. Even while paused, you can still redeem matured positions.