Your loan stays where it is.
Fix all of it, or part.
No refinancing, no new collateral.The swap desk for onchain finance.
Works with
Aave
Morpho· more venues coming
Fix your loan's rate in three steps.
Connect the loan you already have and lock a fixed rate. From then on, hedged covers the variable interest and you pay the fixed rate.
Fix the rate on the loan you already have.
Keep your Aave or Morpho loan exactly where it is. You pay one fixed rate, and a rate spike never reaches your budget.
- Fix all of it, or part. Hedge the share you want certainty on.
- No new collateral. No refinancing, no second loan.
- Settles itself. Every slot, without a transaction from you.
Earn the spread between fixed and variable.
Supply capital to a swap market and take the other side of borrowers' hedges. You receive the fixed rate they lock and pay the variable rate. What you earn is the difference.
- Spread across terms. Your capital backs many swaps, not one maturity.
- Priced by formula. No dealer edge, nothing negotiated.
- Withdraw as capital frees up. Exit as utilisation allows.
Every rate is derived, not posted.
The fixed rate is the expected variable rate plus three published spreads. Nothing negotiated, no order book.
Fixed at deploy
A market's pricing is set when it is deployed. No admin can change it; a new setting means a new market.
No liquidations
No margin to call. Nothing to top up, nothing to liquidate.
Same formula for everyone
Read the spreads before you lock. The rate is the rate.
Spin up a closed swap market.
A private, permissioned market for your desk or lending platform and its counterparties: the term and size the trade needs, with pricing you set or the standard formula.
Coming soonYour counterparties
Allowlist the addresses that can take the other side. The market is invisible to everyone else.
Custom term and size
Set a maturity and notional that fit the trade, not just the standard term grid.
Dealer-set pricing
Price the fixed leg yourself, or run the standard formula. Your market, your spread.
Same on-chain method
Closed markets settle through the same contracts. Private venue, public mechanics.