YieldX is a decentralized finance (DeFi) smart contract enabling users to tokenize and trade future yield. This innovative protocol separates asset ownership from its yield, allowing users to secure fixed-rate income or speculate on future yield. With a fixed 60-day maturity period, users can seamlessly trade tokenized yield while benefiting from a transparent and secure system.

• Depositing:

  • Users deposit native tokens to receive principal and yield tokens.
  • Deposits have a fixed maturity period of 60 days.

• Tokenization:

  • Native token deposits are tokenized into Principal Tokens (PT) and Yield Tokens (YT).
  • Tokens can be traded or held until maturity.

• Principal Withdrawal:

  • After the 60-day maturity, users can withdraw their principal in native tokens.

• Yield Claims:

  • Yield Tokens can be redeemed for corresponding EDU yield after maturity.

• Yield Token Trading:

  • Users can sell their Yield Tokens to other users, enabling yield speculation.
  • A 1% transaction fee applies to Yield Token sales.

• Cancellation:

  • Users can cancel deposits before maturity to reclaim their principal (conditions apply).

• Fee Management:

  • Admins can update transaction fees for Yield Token sales.

• Deposit native tokens to receive:
  
  • Principal Tokens (PT): Represent the deposit amount.
  • Yield Tokens (YT): Represent future yield from the deposit.
• Maturity period: Fixed at 60 days.
• Interest rate: Fixed at 10%.

• Principal can be withdrawn after the maturity period.
• Users must burn their Principal Tokens (PT) to claim the native tokens.

• Yield Tokens (YT) can be redeemed for EDU yield after maturity.
• Yield is calculated based on a 10% interest rate on the principal amount.

• Sell Yield Tokens to another user.
• A 1% transaction fee applies to all trades.
• Enables flexible transfer of future yield.

• Users can cancel deposits before maturity.
• Depositors must not have sold any Yield Tokens (YT).
• Upon cancellation, both Principal Tokens and Yield Tokens are burned.

• Interest Rate: Fixed at 10%.
• Fee Rate: Initially set at 1% for Yield Token transactions.
• Maturity Period: Fixed at 60 days (in seconds).

• deposit(): Deposit native tokens to receive PT and YT.
• withdrawPrincipal(): Withdraw the principal after the 60-day maturity period.
• claimYield(address depositorAddress): Claim EDU yield using Yield Tokens (YT).
• sellYieldToken(address buyer, uint256 yieldAmount): Sell Yield Tokens to another user.
• cancelDeposit(): Cancel the deposit and reclaim the principal before maturity.

• updateFeeRate(uint256 newFeeRate): Update the transaction fee for Yield Token trades.

• getDepositDetails(address user): View deposit details for a user.
• calculateYield(uint256 amount, uint256 interestRate): Calculate yield based on principal and interest rate.

1. Deploy the PrincipalToken, YieldToken, and FixedYieldProtocol contracts on a supported blockchain.
2. Initialize the FixedYieldProtocol contract with the addresses of PrincipalToken and YieldToken.

1. Call deposit() with the desired amount of native tokens.
2. Receive Principal Tokens (PT) and Yield Tokens (YT).

1. Wait for the 60-day maturity period.
2. Call withdrawPrincipal() to reclaim your principal in native tokens.

1. Ensure maturity period has passed.
2. Call claimYield() using your Yield Tokens (YT) to receive EDU yield.

1. Call sellYieldToken(buyer, yieldAmount) to sell Yield Tokens.
2. Buyer can claim the yield after the maturity period.

1. Ensure no Yield Tokens (YT) have been traded.
2. Call cancelDeposit() to reclaim your principal before maturity.

• Deposited(address indexed user, uint256 amount, uint256 maturityTime, uint256 interestRate)
• YieldTokenSold(address indexed seller, address indexed buyer, uint256 yieldAmount)
• PrincipalWithdrawn(address indexed user, uint256 amount)
• YieldClaimed(address indexed user, uint256 amount)
• DepositCanceled(address indexed user, uint256 principalRefunded)
• FeeUpdated(uint256 newFeeRate)

• Ensure the contract is audited before deployment.
• Only deposit funds you can afford to lose.
• Monitor the maturity period to avoid missing deadlines.