Today, we are open sourcing the Timeless smart contracts as the first step towards our Mainnet launch.
We hope this will get more eyes on the contracts, give folks a better understanding of our systems, and make it easier for people to integrate with Timeless.
There are three repos we're making open source.
The first one contains the core contracts that handle the yield tokenization logic.
The second post describes the design of the Timeless AMM and introduces the never-done-before swap-based dynamic reweighting, which is used to both minimize LP losses from arbitrage and maximize LP returns by auto-compounding yield accrued by PYTs.
Unlike existing yield tokens, Timeless PYTs and NYTs are perpetual ERC20 tokens that never expire. This makes them far easier to buy, hold, & use, far easier for other protocols to integrate, and far easier to provide deep liquidity for.
We believe this is a 10x improvement.
Timeless makes yield speculation easy.
Buy PYTs to long yield rates.
Buy NYTs to short yield rates.