Spectra
  • The Basics
    • Spectra Overview
    • Use Cases & Examples
    • What is Yield?
    • FAQ
  • Core Concepts
    • Permissionless Pools
    • Principal & Yield Token
  • Security
    • Audits
    • Risk Documentation
  • Tokenomics
    • SPECTRA
    • veSPECTRA
  • 📄Resources
    • Articles & Links
  • App Help
    • 🎓Fixed Rates
    • 🎓Trade Yield
    • 🎓Create Pool
    • 🎓Add Liquidity
    • 🎓Remove Liquidity
    • 🎓Claim Accrued Yield
    • 🎓Sell Principal Tokens
  • Brand Materials
    • 🎨Brand Materials
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On this page
  • Protocol Primitives
  • Core Use-Cases
  • Key Objectives
  • Entity Breakdown
  1. The Basics

Spectra Overview

Spectra is an EVM-centric protocol for interest rate derivatives with an easy-to-use flagship app.

NextUse Cases & Examples

Last updated 7 months ago

The Spectra protocol is permissionless, meaning its services are entirely open for public use. Anyone can create new markets at will, swap yield derivatives, or become a liquidity provider.

Below, you'll discover its key objectives and features.

These docs are non-technical. If you are looking for more technical / developer-friendly documentation, see the .

Protocol Primitives

Spectra's Yield Token and Principal Token, minted on top of ERC-4626 interest-bearing tokens, are core protocol primitives. Spectra separates the right to principal from future yield via a process called yield tokenization. This process unlocks new financial possibilities beyond standalone interest-bearing tokens.

Core Use-Cases

  • Permissionless Pool Creation

  • Fixed Rates

  • Yield Trading

These key use cases can be abstracted into other narratives, such as upfront yield, discounted tokens, fixed savings, or fixed lending activities.

Key Objectives

  • Empowering DeFi with a permissionless protocol for interest rate derivatives

  • Delivering cutting-edge solutions that can be seamlessly incorporated, built upon, and utilized by builders and other platforms in the DeFi ecosystem.

  • Upholding decentralization as a fundamental value, promoting community-driven growth via a DAO while the core team diligently and sustainably progresses the protocol

Entity Breakdown

Spectra is a decentralized interest rate derivatives protocol with different entities and individuals contributing to its development and adoption.

  • Spectra Protocol: A decentralized, permissionless interest rate protocol that permanently exists on the Ethereum Virtual Machine.

  • The Spectra App: a flagship interface that allows easy interactions with the Spectra protocol. Multiple protocol interfaces can exist.

  • Spectra Governance: A governance system for governing the Spectra Protocol, enabled by the APW token.

  • Perspective SAS: A company that develops the Spectra Protocol and the Spectra App.

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