APWine

Spectra (formerly APWine) is an open interest rate derivatives protocol that tokenizes yield-bearing assets by separating them into principal and yield components. The platform allows users to lock in fixed rates via Principal Tokens (PT), gain leveraged exposure to variable rates and rewards through Yield Tokens (YT), and provide liquidity to automated market maker pools. It serves DeFi users and institutional participants across multiple blockchain networks including Ethereum, Arbitrum, and Base.