Introducing the new $CRV for Uniswap v3 !Timeless_Fi unlocks composability features with their Bunni Engine It’s also a yield tokenization protocol that lets you hedge and speculate on yield rates

Let’s dive in – this thread will be so $LIT

In this thread I will cover;

1️⃣ What is TimelessFi ?
2️⃣ Features
3️⃣ Perpetual Yield Tokens Utility
4️⃣ Call Options as an Emission
5️⃣ Bunni Engine
6️⃣ Tokenomics
7️⃣ Conclusion

1️⃣ What is TimelessFi ?

It is a yield tokenization protocol where the yield tokens never expire unlike its competitors.

But what is a yield tokenization?

When a yield-bearing asset is tokenized, the yield stream is divided into two different tokens:

• Perpetual Yield Token (PYT): Holders get the yield produced by user deposits.
• Negative Yield Token (NYT): Moves opposite to $PYT and used for burning with PYT to get principal.

2️⃣ Features

– No expiry dates
– Long & Short yield rates
– Earn yield with leverage ( up to 2x bcs of $PYT mechanism )
– Hedge yield rates of lending / borrowing positions


How is it working ?

Here is the case

User deposits 100 $USDC to Timeless
Timeless deposit 100 $USDC to Yearn Vault and mint 100 $PYT and 100 $NYT for the user.


$PYT ‘s price moves in the same direction as the yield rates of the vault they use.

100 $PYT + 100 $NYT = 100 $USDC ( always )

Whenever the rate of underlying asset at the yield generated vault is increasing the price of $PYT goes up.

Hence the price of $NYT goes down in order for them to still sum up to the principal.

3️⃣ Perpetual Yield Token Utility

$PYT use cases:

– Speculate on yield rates.
If users believe the yield rate will increase, they can buy $PYT to profit when the yield rate goes up.

Yield Boosting

Yield boosting is the practice of using your funds to buy the appropriate $PYT on the market, rather than depositing them into a farm (e.g. Yearn USDC vault PYT).

Check out the flow chart below


$PYT trades at a lower price than the underlying asset, therefore applying the yield boosting approach can increase user yield by 1-2 times.

– Portfolio grows if the yield rate does.
– If the yield rate declines, so does your portfolio.

$NYT use cases are yield speculation and yield hedging ;

They do not receive any yield generated by underlying, they are used for pure yield speculation.

If user bets the yield rate will go down for $stETH at Lido, users can buy $lstETH- NYT to profit when yield rate goes down.

Yield Hedging

If users have a lending/borrowing position , they can buy some $NYT corresponding to the same yield source for decreasing the yield rate volatility.

4️⃣ Call Options as an emission

In order to obtain any rewards from the protocol, users are required to lock Balancer 80-20 $LIT – $ETH to receive $veLIT

Without having $veLIT, LPs wont be earning any rewards!


This decision has been taken by team to prevent P&D and mercenary capital.

But , Is it still a farm&dump for $veLIT users ?

No, like $oTAP as in Tapioca.

TimelessFi will use call option tokens for $LIT as a reward token in the form of $oLIT.

No, like $oTAP as in Tapioca.

TimelessFi will use call option tokens for $LIT as a reward token in the form of $oLIT.


5️⃣ Bunni Engine

Bunni is a Liquidity Engine for Uni v3

It allows uni v3 liquidity positions to be represented as ERC-20 tokens.

This enables more complex incentivized schemes to be built for Uni v3 like a $CRV gauges for uni v3

At Bunni, $oLIT emissions will be directed to pools by $veLIT holders.


6️⃣ Tokenomics

Supply: 1 T, MCAP/FDV: $5.4M/$54M

– 45% Gauge rewards on a 4 year halvening period
– 25% Team vested for 4 years
– 11% Community Treasury
– 10% Sold for LBP
– 5% $veMPH vested over 4 years
– 3% Seed sale – 6 months cliff, vested 1 year
– 1% Airdropped

7️⃣ Conclusion

Betting for the future of $LIT is betting on the adoption of yield tokenization protocols and a new gauge model for Uniswap v3.

‘s value proposition and differentiation are clearly outstanding. $LIT will be one of the major winners in the next bull imo

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