Learn: fixed income & yield on Stellar
Everything you need to understand on-chain fixed income, yield tokenization, and how to earn a fixed or variable yield on Stellar — explained clearly, from first principles.
Start with the pillars
How to Earn Yield on Stellar: The Complete 2026 Guide
A step-by-step guide to earning yield on Stellar — set up a wallet, get USDC, and choose between variable lending yield and a locked fixed rate with Spield.
Read guide →PillarFixed Income on Stellar: On-Chain Bonds, Fixed Rates & Yield Tokens
Fixed income on Stellar means locking a guaranteed on-chain yield. Learn how fixed-rate vaults and principal/yield tokens bring bonds to Stellar via Spield.
Read guide →PillarYield Tokenization Explained: How PT and YT Work
Yield tokenization splits a yield-bearing asset into a Principal Token and a Yield Token, letting you lock a fixed rate or trade future yield. A clear guide.
Read guide →PillarIs Stellar DeFi Safe? Risks and Protections Explained
Is Stellar DeFi safe? A clear guide to the real risks — smart-contract, market, and why being Stellar-native removes bridge risk — plus how to stay safe.
Read guide →All guides
What Is Blend Capital? Stellar’s Lending Protocol Explained
Blend Capital is Stellar’s primary DeFi lending protocol. Learn how Blend works, where its yield comes from, whether it is safe, and how Spield uses it.
PT vs YT: Which Should You Buy?
PT vs YT explained as a decision guide: buy PT to lock a fixed rate, buy YT to bet yield rises. Learn which fits your goal, with examples.
Fixed vs Variable Yield in Crypto: Which Is Right for You?
Fixed yield locks a known return; variable yield floats with the market. Compare the two, learn when each wins, and see how to lock a fixed rate on Stellar.
Implied APY vs Underlying APY Explained
Implied APY is the fixed rate the market prices in; underlying APY is the yield actually earned. Learn the difference and how to use it.
What Is a Principal Token (PT)? A Beginner’s Guide
A Principal Token (PT) is an on-chain zero-coupon bond that redeems 1:1 at maturity. Learn what a PT is, how it locks a fixed rate, and how it works.
Tokenized Treasuries Explained: On-Chain T-Bills for Beginners
Tokenized treasuries put U.S. T-bill yield on-chain, backed 1:1 by real securities. Learn how they work, if they are safe, and how they relate to DeFi.
RWAs on Stellar: Real-World Assets and Tokenized Yield
RWAs on Stellar: Franklin Templeton’s BENJI, native USDC, and how real-world assets combine with on-chain fixed income to bring real yield on-chain.
Spield Protocol Facts: Contracts, Config & On-Chain Data
Authoritative facts about Spield: contract addresses, network, products, config, and guarantees — plus a machine-readable stats endpoint to verify.
Fixed-Income DeFi for Institutions & Capital Investors on Stellar
For treasuries and capital investors: earn a fixed, predictable return on USDC with principal-protected, liquidation-free DeFi on Stellar, backed by a verifiable on-chain solvency invariant.
Verifiable, Transparent DeFi: On-Chain Solvency Proof & Real Backing
How a transparent crypto vault proves its backing: on-chain solvency proof, verifiable DeFi backing, and yield you can audit at any block on Stellar.