Decentralized Credit Default Swaps
Create and trade tokenized credit protection on Ethereum. Buy YES tokens for hedging against credit events. Trustless, transparent, and fully on-chain.
Connect your wallet to access the platform
Credit Protection
Buy YES tokens to hedge against credit events. Premium is built into the token price based on market demand.
Price Discovery
Token prices reflect implied default probability. More demand for protection increases the YES token price.
Time Decay
Protection premium decays as expiry approaches. Pricing engine accounts for time value automatically.
How It Works
Create Contract
Define reference entity, notional amount, and maturity date.
Mint Tokens
Protocol mints YES (protection) and NO (premium) tokens.
Trade YES
Buyers pay to acquire YES tokens. Price reflects credit risk.
Settlement
At expiry, winning token holders claim the escrow.
Important Disclaimer
This is MVP 1 running on Sepolia testnet. This is an experimental prototype for demonstration purposes only. Smart contracts have not been audited. Do not use real funds. All transactions are on testnet with no real value. Use at your own risk.