Tempus

Tempus is a future yield tokenization and fixed rate protocol.

Most forms of yield farming return a variable rate of yield. This means that depositors can be subject to unpredictable fluctuations in their returns. Currently, there is no easy capital efficient way to obtain a fixed yield or otherwise speculate on the receivable rewards.

This is where Tempus steps in. Tempus has three different use cases, each of which offers a unique value proposition:

• Fix your future yield using any supported Yield Bearing Token (such as stETH, cDai).
• Speculate on the rate of future yield of any supported Yield Bearing Token.
• Provide liquidity to earn additional swap fees (on top of yield earned through yield farming protocols) by depositing any supported Yield Bearing Token.

TempusPool

TempusPool is the main smart contract in Tempus Protocol. It holds all locked YieldBearingToken. It is also used to mint Principals and Yields on deposits, and to burn them on redemption in exchange for YieldBearingToken.

Each pool in Tempus has certain unique properties: They are defined by:

• the supported YieldBearingToken (such as stETH or cDai); and
• the maturity time (such as 31 Dec 2022).

Each YieldBearingToken can have multiple pools with different maturities. Since each different YieldBearingToken stems from a different underlying protocol (such as Aave, Compound, or Lido), each underlying protocol has a separate pool implementation which implements specific methods from TempusPool for each protocol. At the moment, Tempus supports Lido, Compound, and Aave, but the Tempus team is working on adding additional integrations.