How Novaire Works
Understand how Novaire transforms yield into flexible financial positions.
Fixed Yield with Principal Tokens
Hold PT to maturity for a locked-in, fixed return.
Trade the Yield with Yield Tokens
YT lets you speculate on or hedge future yield, separate from principal.
Backed by Real, On-Chain Yield
Rate derived live from Blend Capital's on-chain b_rate — no admin lever.
Time-Decay AMM
PT trades against SY on a time-decay, implied-rate curve.