FAQ

What exactly is Yield Tokenization?

Yield tokenization is a process where future expected yields from an yield-bearing can be split into separate tokens. On bliv, this means you can hold tokens that specifically represent the principal of your investment (Principal Tokens) and the potential earnings it generates (Yield Tokens), offering more flexibility and strategic options in your investment approach.

What are Yield-Bearing tokens?

Yield-Bearing tokens are tokens that earn additional yield and compounding their returns on the token price. Take for example Liquid Staking Tokens. LSTs such as $bSOL, $mSOL and $jitoSOL are tokens that receive Solana yield for staking and protecting the network. Other example is the new Jupiter token $JLP, which receive fees from their Perpetual Trade product.

How can I convert my Yield-Bearing token?

First you need to convert you token to a bliv Wrapped Yield (WY) token, which represents the exact same token outside bliv. Then you can convert 1 wrapped token to 1 Principal token + 1 Yield token. Principal Tokens and Yield Tokens always have a maturity date.

What does the maturity date mean for Principal and Yield tokens?

Each Principal Token and Yield Token have a maturity date. Until maturity, you need both Principal + Yield to the redeem the underlying token. After this date, you can redeem using only a Principal Token, as the Yield Token effectively becomes valueless and no longer accumulates yield.

What strategies can I use with tokenized yields?

You can lock the current yield by simply holding Principal Tokens until the end of maturity, trade Yields to speculate on yield changes or combining Principal Tokens and Yield Tokens in various ratios to balance risk/return. You can also just deposit tokens in our AMM Pool and receive trading fees.

Which assets can I tokenize?

We aim to to support all Yield-Beering SPL tokens, starting with the most popular LSTs.

What do I receive for providing liquidity on bliv?

When you provide liquidity on our AMM Pool, you can expect to receive swap fees generated from the trading activity in the pool. As both pooled assets are the same in the end of maturity, risks for LPing in bliv pools are mitigaded. Other rewards and incentives for Liquidity Providers are in the plans.