Spectra, a yield trading platform, recently launched on the Flare blockchain, introducing a sophisticated financial primitive that allows users to trade and manage yield from interest-bearing assets. The protocol employs yield tokenization, a mechanism that splits yield-bearing tokens—initially Flare’s native liquid staked token, sFLR, and soon stXRP (staked XRP)—into two independent and tradable components.

According to a media statement, these tradable components will be in the form of principal tokens (PTs) and yield tokens (YTs). By holding PTs, which represent the underlying asset’s principal value, until maturity, users can lock in a predictable, fixed return, as the PTs are designed to mature at their full face value. YTs, on the other hand, allow users to speculate on or hedge against changes in future yield rates.

By making yield itself composable and tradable, Spectra introduces a fundamental financial building block to the Flare ecosystem, enabling the native creation of fixed-rate, variable-rate, and advanced structured products.

Read more: From Minting to Vaults: FXRP Unlocks New Utility for XRP on Flare

This innovation offers benefits for all users: For beginners, the protocol provides a simple fixed-rate tool where users can buy PTs, pay one amount, and be guaranteed to receive a known, higher amount at maturity. For advanced users or institutions, the core benefit is enabling traders to gain control through the ability to take on leveraged yield exposure or use PTs as modular collateral in other lending protocols like Mystic or Morpho.

Since the launch, Spectra has hosted a liquidity pool for sFLR, forming the foundation for its fixed-rate and yield leverage products.

Meanwhile, Z, Communications and Core Contributor at Spectra, revealed that while other fTokens will be targeted after stXRP, the timing remains contingent on market demand. Z also addressed the lack of an official roadmap for transitioning full governance control to token holders.

“Given the pace of the industry, there’s no official roadmap. The protocol is being developed to meet market needs, with SPECTRA holders already having a final say today on new network deployments, emission rates, and tokenomics,” Z explained in a written response to a Bitcoin.com News inquiry.

• What is Spectra on Flare? Spectra is a new yield trading platform on the Flare blockchain that tokenizes yield-bearing assets, allowing users to trade and manage returns with greater control.
• How does Spectra tokenization work? The protocol splits assets like sFLR into Principal Tokens (PTs) for fixed returns and Yield Tokens (YTs) for speculating on variable rates.
• Who benefits from using Spectra? Beginners can lock in predictable income using PTs, while advanced traders can access leveraged yield exposure and structured products.
• What assets are supported on Spectra? Spectra launched with a liquidity pool for sFLR and plans to integrate stXRP (staked XRP) and other fTokens soon, contingent on market demand.

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