Spectra Finance

As you navigate DeFi, yield appears everywhere, whether you’re lending on Aave, staking through Lido Finance, or interacting with protocols like Morpho. In each case, you deposit assets to earn returns, and that position represents both your capital and the yield it generates over time.

Protocols like Pendle Finance helped popularize a different model in DeFi, where a single yield-bearing position can be split into two distinct components, Principal & Yield Token:

• Principal Token (PT): Represents the principal side of the position, redeemable at maturity

• Yield Token (YT): Represents the future yield, rewards, and points generated over time

Spectra Finance operates in that same yield tokenization category as an EVM-centric protocol for interest rate derivatives, separating principal from future yield and turning a standard yield-bearing position into something that can be traded, priced, or deployed across DeFi.

On top of this core layer, MetaVaults make yield optimization much easier by allowing users to deposit once into curated vaults, where strategies, automated rollovers, and compounding are handled by curators, keeping capital productive with minimal manual management.

🪂 Earn $SPECTRA Rewards with veSPECTRA

$SPECTRA is the ecosystem governance token of the Spectra protocol.

Users can lock $SPECTRA for up to 4 years to receive veSPECTRA, which unlocks voting rights and access to the weekly gauge, where they help govern how protocol incentives are distributed while earning a share of incentives and fees 💸

60% of swap fees go to veSPECTRA voters, 20% to liquidity providers, and 20% to Curve DAO.

Locking $SPECTRA also gives users exposure to rebase rewards, making veSPECTRA a direct way to participate in governance, incentives, and protocol revenue.