Spectra vaults
About Spectra
Open-source interest rate derivatives protocol enabling yield tokenisation.
Spectra is an open-source interest rate derivatives protocol that enables yield tokenisation. The protocol splits ERC-4626 compliant interest-bearing tokens into Principal Tokens (PT) and Yield Tokens (YT), allowing users to fix rates, trade yield, and earn on liquidity positions.
The current integration supports the Spectra ERC-4626 wrapper for WUSDN (Wrapped Ultimate Synthetic Delta Neutral), which is a wrapper contract that makes WUSDN compatible with Spectra's yield tokenisation system.
Note: This wrapper is NOT a core Spectra yield tokenisation vault. It is an ERC-4626 wrapper that enables WUSDN to be used within Spectra's PT/YT system.
WUSDN is a non-rebasing wrapper around USDN, a decentralised synthetic US dollar from SmarDex that uses a delta-neutral strategy to generate yield.
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