ParaFinance

ParaFinance is a decentralized lending platform designed to provide users with safe and efficient lending and deposit services. Yield Protocol is an Ethereum-based protocol for collateralizing fixed-rate, fixed-term loans. To achieve its goals, Para uses a class of tokens called fyTokens (Fixed Income Tokens). fyTokens are Ethereum-based ERC-20 tokens that can be redeemed one-to-one for the underlying asset after a predetermined maturity date. For example, if you have one fyUSDT token, you can exchange it for one USDT after the expiration date.