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Yield Contracts

Yield contracts split FW into a fixed-rate principal token (BT) and a floating-yield token (CT), minted and redeemed at the BC index rate.

Yield contracts are the mechanism by which FW is split into its fixed-rate and floating-rate components. BT/CT pairs are minted 1:1 at the BC index rate and can be recombined to recover FW until (and after) expiry.

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Contracts

  • BondToken — Fixed-rate principal claim, mintable/burnable by CT and LiquidityInjector

  • CouponToken — Floating-yield leg with interest tracking and post-expiry handling

  • YieldContractFactory — Creates BT/CT pairs per FW + expiry

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