Introduce

Yield Protocol brings fixed-term, fixed-rate lending to decentralized finance. Today, most of the popular decentralized finance protocols are floating rate. While variable rate borrowing is a powerful tool, it also has significant drawbacks. These agreements may experience fluctuations in interest rates, making it difficult for you to plan for the future, make investment decisions, and properly hedge risk when borrowing. Yield agreements address these challenges by introducing fixed-rate, fixed-term borrowing. In this document you can learn more about how ParaFinance works, how to get started and how to learn more.