Universal Hedging Layer for Internet Capital Markets

Rates Exchange is an onchain hedging infrastructure for trading and hedging economic variables. It begins with interest rates and will expand to FX, compute, and fixed-rate equity perpetuals.

Borrowers use Rates Exchange to fix their borrowing costs. Lenders use it to earn higher fixed yields on assets supplied to established protocols such as Aave and Morpho. Traders use it to take positions on future interest rates.

Rates Exchange allows users to exchange floating interest-rate exposure for a fixed rate over a chosen period. The underlying loan or deposit remains in the lending protocol.

Your underlying assets remain in the lending protocol you already use. Any margin required for a position is held separately in Rates Exchange smart contracts.

Yes. You can close a position before expiry, subject to available market liquidity. The exit value will depend on how market rates have moved and may result in a profit or loss.

Risks include potential smart contract vulnerabilities, market volatility, and liquidation if an account's margin becomes insufficient (only applies to short-side). You also remain exposed to the risks of the underlying lending protocol.

Rates Exchange has completed multiple security audits with leading firms and follows the SEAL framework for operational security.