Sense Finance · interactive mechanism simulation

A Divider strips deposited yield-bearing Target assets into Principal Tokens (fixed value at maturity) and Yield Tokens (streaming yield). PT trades on the Space AMM at a discount that converges to par; YT holders collect the accruing yield. Edit the parameters and watch the split.
Depositors strip a Target asset Divider splits into PT + YT Principal Token (PT) 0.947× · 5.3% fixed Yield Token (YT) streaming ~6% APY Space AMM depth 120 stETH External caller onSwap() probe Investor payouts 0.0 stETH returned
Series stripped
0
Target deposited
0.0 stETH
PT price / implied fixed rate
1.000× 0.0% fixed
Returned to depositors
0.0 stETH
Space oracle status
Secure · 0 probes
Parameters — edit me
6.0%
120d
0.6/s
120 stETH
Controls

Illustrative simulation. Defaults mirror the researched Sense Finance mechanism (Divider splits deposited Target assets into PT and YT, PT trades on the Space AMM at a discount converging to par, YT streams yield) but deposit sizes, timing, and the oracle-probe outcome are simplified for visualization — not live onchain data. In reality, whitehat "Reptile71590" disclosed a missing access-control check in Space's onSwap() oracle path and was paid a $50,000 bounty before any exploit occurred. Drag the sliders to explore how term length and yield change PT pricing. Part of The Onchain Experiment Atlas.