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Interest Token

1. Overview

The interest token is a simple ERC20 token with permit functionality that is used by the tranche to represent the yield generated by the assets held in the tranche.

Naming Conventions

The name of the Interest token is assembled as the following example eY:yUSDC:03:JAN-2021:GMT
  • eY States that this is the Interest Token (yield token).
  • yUSDC This is the Yield Bearing Asset.
  • 03:JAN-2021:GMT This is the expiration of the Tranche, after which the token can be redeemed.