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Exponent is a leading yield platform on Solana, powered by a set of decentralized programs focused on serving onchain interest-rate assets and their participants. Built on a yield-stripping model, it enables users to trade the yield of their portfolio assets and actively manage their exposure. The platform is powered by a hybrid onchain liquidity engine, composed of an interest-rate order book and concentrated liquidity market maker (rCLMM) DEX, allowing it to support trading for a variety of yield assets and participants. For users who prefer a simpler approach to their portfolio construction, Exponent Strategy Vaults provide passive access to Exponent’s interest-rate swap strategies with vaults managed by professional asset managers and curators.

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Why Exponent?

For a long time, DeFi was largely passive, offering yield products designed to minimize sophistication and active management: passive liquidity provision through constant product AMMs, passive lending and borrowing through pool-based credit protocols, passive staking returns, and more. As DeFi has matured, however, products have become more complex, and active management has become increasingly important to generate returns with a balance of risk-reward. As assets and onchain products become more sophisticated, yield participants need a platform with the tools to construct portfolios in DeFi and express their edge. Exponent is built to help market participants outperform market rates, while giving asset issuers the infrastructure to distribute their yield assets across a broader spectrum of yield participant profiles and needs.