|Total Value Locked||24H|
|in ETH||61.7K ETH||+88.6%|
|in BTC||4.3K BTC||+88.7%|
|steCRV Locked||17.41K steCRV||steCRV|
|% Supply Locked||< 0.01%|
Element is an open source protocol for fixed and variable rate market's. It supplies demand for fixed income in DeFi and enables sophisticated users to repurpose capital locked in vaults while retaining their APY. The Element Protocol works by enabling users to split their yield generating positions, such as a Yearn vault or an ETH2 validator, into two separate, fungible tokens: the Principal Token (PT), and the Yield Token (YT). These tokens can be traded on custom AMMs called Element Pools for their base assets. Advanced users can put their capital to work in more places without borrowing or liquidation risk by selling their PT for its base asset at a discount. Passive users can buy these discounted PTs to earn fixed APR since they're always redeemable 1:1 for their base asset at maturity.
Visit Element to start saving with fixed yield or actively earn variable yield with capital efficiency.
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