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Live on Ethereum Mainnet since March 2022

Adding
Dimension
to DeFi

Lock in a fixed APY, trade future yields, and add liquidity to boost your yield.
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Launch App
How Sense Works
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Fixed Rates Live Data
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Audited By

Logo of SpearbitLogo of ABDKLogo of Fixed Point SolutionsLogo of Peckshield
Sense ProtocolThe Sense Protocol is a decentralized fixed-income protocol on Ethereum.
Choice
Users have greater flexibility to earn/borrow at a fixed rate and trade against future yields.
Scalable
Sense has a permissive design, allowing anyone to create new future yield markets.
Secure
No new debt creation. No liquidations. No risk of protocol insolvency.

How Sense Works

Sense works by breaking down a variable yield-bearing asset (a "Target") into two fixed term assets: a Principal Token (PT) and a Yield Token (YT). PTs & YTs trade on Sense Space, a high-yielding custom AMM.
How Sense WorksHow Sense Works

Use Cases

Trade Yields
Take capital efficient long/short bets on future yields. Buy YTs to go long, and PTs to go short.
Earn a Fixed Rate
Protect yourself from interest rate volatility. Buy and hold PTs to earn a fixed APY. Exit anytime.
Add Liquidity to a Space Pool
Earn a variable APY by providing liquidity to Sense Space AMM.

Backed By

Dragonfly logoVariant logoNascent LogoThe LAO logoRobot logoBain logoCollab logoUDH logo
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Meet the team

And join them
Picture of Kenton PrescottKenton Prescott
Co-founder & CEO
Picture of Joshua LevineJoshua Levine
Co-founder & CTO
Picture of Federico Martín A.Federico Martín A.
Smart Contracts
Picture of Andrea LawAndrea Law
Senior Engineer
Picture of Alan KeeganAlan Keegan
Growth & Strategy
Picture of David RicciutoDavid Ricciuto
Community Manager

Advisors

Latest


📝 Building for a permissionless futureSense pivots to permissionless infrastructure for new fixed income applications.

📝 Introducing Sense SpaceIntroducing Sense Space, a capitally efficient fixed-rate AMM.

📝 Sense Finance x Rari CapitalAnnouncement of the Sense <> Rari partnership to build a Sense Fuse pool to permit permissive Zero borrowing/lending.

📝 Yield in the DeFi EconomyAn overview of yield-bearing assets and their yield sources in the DeFi Economy.

📝 Designing Yield TokensA deep dive into different Yield Token models discussing their mechanisms and behavior.

📓 YT Sensitivity AnalysisAn analysis using time and interest rate sensitvity as tools for comparing different YT designs.

📓 Rudimentary YT PricingA deep dive into different Yield Token models discussing their mechanisms and behavior.

📓 Accumulated Yield InteractiveAn interactive tool demonstrating how yield accrues on principal, provided an asset's interest rate over time.