Loader
logologo
Alpha Zone
Analysts
My Reading List
Log in
DeFiGaming & MetaverseInfrastructureMarketsNFTs
Spectra Finance: Fixed-Rate Stablecoin Vaults
Jake Kennis
main
Key Takeaways
5 min read
  • Spectra has many fixed yield products earning up to ~16% APY across well known protocols like Resolv and Aave with varying maturity dates and decent liquidity levels.
  • If you are uncertain about the current markets and are looking to remain sidelined in stables, Spectra offers attractive double-digit yields in the meantime. As with any onchain activity, consider counterparty risk, liquidity, and other relevant factors before using these products. Always DYOR.

Introduction

In a market where most DeFi stablecoin yields have compressed to mere low-single digits, Spectra Finance offers a refreshing alternative for yield-hungry investors. Spectra is an EVM-based protocol for interest rate derivatives that allows users to trade and fix the yield on their crypto assets. The platform (formerly known as APWine) has strong backing from notable crypto investors, with its seed round being led by Delphi Ventures. Spectra’s smart contracts have undergone security audits, including a Code4rena audit contest and others, which can be found here. The product suite spans fixed-rate yield vaults and yield trading tools, all accessible through an easy-to-use...