Surfer Finance

Something's happening on the Solana seas..

[Surfer Finance @surfer_fi]

the tides are shifting...

[Superteam UK @SuperteamUK]

The year has been full of wins for the @SuperteamUK community.

Let's reflect on our members' achievements once again👇

Hyperdrive Winners:
- Grand Champions: @FluxBeamDEX
- AI Track 1st: @WysdomXyz
- Crypto Infrastructure 2nd: @pingexplorer
- Games & Entertainment 2nd: @SyncStudio_
- Finance & Payments 3rd: @surfer_fi
- Mobile Consumer Apps 4th: @_bindapp
- DAOs & Network States 5th: @OndaProtocol

Demo Day Winners:
- 🥇@surfer_fi
- 🥈 @OneMoonGate & @MoonBoiUniverse
- 🥉@HqnfTs & @Fidesiumapp

[Surfer Finance @surfer_fi]

So many interesting yield tokens on Solana to trade!

[curiousape @curiousapee]

Pendle on Solana, who’s building this?

Would be nice to have yield speculation tools for JLP, msol, jitosol

[Superteam UK @SuperteamUK]

Beyond proud 💯

Hyperdrive results 👇👇

[Solana @solana]

25/ 📊 Third prize in the Finance & Payments Track goes to @surfer_fi, a DeFi protocol that provides yield trading and fixed-rate options for various Solana-based assets.
https://t.co/Vp1p0rCMYJ

[Superteam UK @SuperteamUK]

Introducing first: Demo Day winner @surfer_fi

Surfer finance has built a trading platform offering fixed rate products and the ability to buy and sell yield on popular defi assets, including LSTs, borrow/lend, liquidity provision and RWAs.

DeFi enjoyooors unite!

[Superteam UK @SuperteamUK]

Beyond proud.

- 44 Submissions
- 1,008 Hours of building
- 1 Promising future for the UK 🇬🇧

Take a look at what people are building👇👇

[Superteam UK @SuperteamUK]

🏆DEMO DAY WINNERS🏆

🥇@Surfer_Fi
🥈@moonboi & @OneMoonGate
🥉@HQNFTs & @Fidesiumapp

With one narrow winner and multiple ties for the podium... one thing is clear: The UK came in strong🇬🇧

Let's unpack👇

[Surfer Finance @surfer_fi]

@SuperteamUK @MooNBoi @OneMoonGate @HqnfTs @Fidesiumapp @solana @SuperteamDAO @MoonBoiUniverse OMFG I'm totally blown away by this🥹

The quality of projects on Monday was incredibly high. So many great apps and presentations, I didn't dare dream of a runner up slot. Thank you 🙏

Huge congratulations to everyone who entered, STUK setting the bar high!

[Superteam UK @SuperteamUK]

Meet @surfer_fi 🌊

Bringing yield trading to Solana!

Increase your LST options with Surfer Finance and let's get ready for DeFi on Solana 🚀

[Surfer Finance @surfer_fi]

The fixed income market, a $128 trillion behemoth in the tradfi world, remains untapped on Solana.

Our mission: unleash fixed income on Solana by
- Creating unique financial products
- Unleashing new trading possibilities.
- Injecting liquidity into Solana tokens

🏄‍♂️ lets ride

[Surfer Finance @surfer_fi]

@SuperteamDAO I'll see your account and raise you 1 thread:

https://t.co/RDcig8Cn8J

[Surfer Finance @surfer_fi]

This RLB-SOL pool on @Kamino_Finance is a great example of how unpredictable yields can be in Defi

As the trading volume spikes, so does the APY.
But when interest drops, so do returns.

What if you could lock in your 80% APY when yields are high?

[Surfer Finance @surfer_fi]

Like what we're doing at Surfer?

Please help by liking + retweeting the first tweet, and don't forget to follow us for more

[Surfer Finance @surfer_fi]

This RLB-SOL pool on @Kamino_Finance is a great example of how unpredictable yields can be in Defi

As the trading volume spikes, so does the APY.
But when interest drops, so do returns.

What if you could lock in your 80% APY when yields are high?

[Surfer Finance @surfer_fi]

Before maturity, 1 PT + 1 YT is the same price as the underlying asset

This means buying PT costs less than the principal. Discounted assets FTW!

Buy at a 7% discount with 3 mos to maturity?

That's a sweet 30.1% fixed APY, claimable in just 90 days 😎

[Surfer Finance @surfer_fi]

People love the peace of mind fixed yield offers.

🏦 That's why fixed savings accounts are popular
💰 That's why Coinbase EARN offers 5% on SOL staking when the true APY is 8%

🤔 Imagine if you could secure a great fixed rate on any yield bearing tokens on Solana?

[Surfer Finance @surfer_fi]

Surfer finance allows you to split yield bearing assets like jitoSOL into

💦 A Yield Token (YT) : the APY your assets receive until maturity
🌊 A Principal Token (PT) : the underlying assets themselves

On maturity, the PT can be redeemed for the original assets, less any yield

[Surfer Finance @surfer_fi]

Since:

- Your PT-mSOL is always worth an exact amount of SOL on maturity
- And the price you paid is fixed

Your 8.10% yield is fixed too!

No matter whether validator commissions go up, network performance falls or token inflation slows, you still get exactly 8.1% return in SOL

[Surfer Finance @surfer_fi]

So if traders buy more yield exposure, the price of PT falls.

The difference - or discount - between 1 PT-mSOL and 1 SOL can be calculated as an APY.

If you could buy 1 PT-mSOL for 0.925 SOL with 1yr to expiry:
Your discount is 7.5%

The fixed APY you buy is therefore 8.10%