Swivel Finance

A Decentralized Protocol For Fixed-Rate Lending & Tokenized Yield

## Overview Swivel Finance is a decentralized protocol built on Ethereum that enables fixed-rate lending and borrowing through the tokenization of yield. Unlike traditional AMMs that focus on token swaps, Swivel operates as a specialized fixed-income protocol where users can lock in interest rates, separate principal from yield, and trade these components independently. The protocol addresses a fundamental gap in decentralized finance: the lack of predictable, fixed-rate borrowing and lending instruments. In traditional finance, fixed rates are standard. In DeFi, most lending protocols offer o