# Trade Yield

Here, you can convert your crypto, such as USDT, into Yield Tokens (YT), which encapsulate the right to the future yield of the corresponding interest-bearing token. 

<figure><img src="https://1608032478-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FaSE6NakmHsqUzyells7H%2Fuploads%2FkvCFomRMOQpzKVKTJKDJ%2Fimage.png?alt=media&#x26;token=ce1f40c4-555f-4a75-ba5e-f5952d32160b" alt=""><figcaption></figcaption></figure>

In the top area, you will find the essential details of the pool used for the exchange, including the YT's expiry date and current liquidity.

The tabs below, Buy / Sell, change the intent of the desired action.&#x20;

A YT purchase can be made by providing an underlying or interest-bearing token.

<figure><img src="https://1608032478-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FaSE6NakmHsqUzyells7H%2Fuploads%2FXCoNZP6Lxpf7iGAYo3um%2Fimage.png?alt=media&#x26;token=42f634ac-87de-47ae-8ceb-7de2a7ac8bf1" alt=""><figcaption></figcaption></figure>

The bottom part of the drawer provides the following output details:

* The number of YT units received alongside their current USD market value
* Min Output - you will not receive less than the displayed amount of YT
* Notional Value Traded—Under the hood, when buying/selling one YT, one PT has to be bought/sold. The notional value encapsulates the total USD value of assets traded to execute the swap.&#x20;
* Implied APY - Current market prediction of an asset's future yield.&#x20;
* Fee - considers Notional Value Traded

To initiate the swap, token approval \[Approve] is required, followed by a swap confirmation \[Buy YT] or \[Sell YT].&#x20;

#### **Questions?**

[View this FAQ section on Yield Tokens.](https://docs.spectra.finance/the-basics/faq#yield-token-yt)