Yield Protocol introduces fixed-rate borrowing and lending with fixed terms to decentralized finance.The most popular decentralized finance protocols are today floating-rate. Whilefloating-rate lending and borrowing is an effective tool, it is not withoutdrawbacks. Interest rate volatility may occur in these protocols, making it difficult toplan for the future, make investment decisions, and properly hedge risk whenborrowing and lending. Yield Protocol addresses these issues.